Mr. Tyler Thorburn reports

TOTAL METALS CONFIRMS BONANZA-GRADE GOLD UP TO 102 G/T AU IN CHIP SAMPLING AT MENARY PROJECT, BORDERING COEUR MINING'S RAINY RIVER CLAIMS IN ONTARIO

Total Metals Corp. has released assay results from a follow-up sampling program at the Menary gold property, located in Northwestern Ontario. Strategically located 18 kilometres northeast of the Rainy River gold mine and sharing a direct southern boundary with the Rainy River gold mine claim block recently acquired by Coeur Mining Inc. in its approximately $7-billion (U.S.) acquisition of New Gold Inc., Menary continues to demonstrate exceptional high-grade gold endowment across multiple surface zones.

(Note: One part per million gold is equivalent to one gram per tonne gold.)

"Returning 102 g/t and 31.7 g/t gold from chip sampling is a step forward in unlocking the scale of the Menary project. Situated directly bordering Coeur Mining's Rainy River land package, Menary continues to demonstrate exceptional bonanza-grade tenor. With our high-resolution drone magnetic survey now complete, we are integrating geophysical and surface data to define high-priority drill targets for our upcoming 2027 exploration campaign," commented Total Metals executive chairman Michael Dehn.

Work description and results

Exploration by previous operators has identified four high-grade gold showings at Menary, including the Galbraith A, Wagg, New Shear and Road zones. Limited historic exploration was focused and mostly limited to the immediate area of the showings with the most advanced work (including trenching, channel sampling and drilling) done at the Galbraith A and Wagg zones (see Dec. 22, 2025, news release for summary). Historical grab sample results from previous operators returned values of up to 8,120 g/t gold in the Galbraith A zone and 186.5 g/t gold in the Wagg zone.

In September, 2026, a team of company geologists visited the Menary property to assess future drilling locations, make observations on gold distribution and take additional samples. A total of 11 samples were taken across both veins and separately adjacent wallrocks. Where possible, samples were taken as chips across the interval rather than grab samples in order to be more representative. Results from the sampling are presented in Table 1.

From 1992 to 1994, a 1,000-ton bulk sample was taken from shallow pits by a previous operator, producing 346.1 ounces of gold and 14.6 ounces of silver. The conclusion of the study was that the gold was free milling amenable to gravity separation. Visible gold was noted in sample E5551178 from vein A, which assayed 23.4 g/t gold. Disseminated pyrite was associated with the other significant sample from vein B, which returned a value of 13.6 g/t gold.

Continuing work and next steps

To further advance targeting and continue testing the gold potential on the property, the anticipated next steps for the project are:

• Revise property geological interpretation and targeting framework using recently completed high-resolution drone magnetic survey; the survey was completed in late October, with derived products anticipated to be received in coming weeks;
• Submit a comprehensive advanced exploration permit for exploration drilling and expanded surface trenching to be completed in 2027.

Cautionary notes on grab samples and historical information

Grab samples, as discussed in this press release, are derived from a selective rock sampling field method used to assess mineralization at a showing or other geologic features of interest in outcrop and are not necessarily representative of the mineralization hosted on the property as a whole. The assay grades of these samples should be considered as indicative of the presence of mineralization, not as an average grade.

With respect to historical grab samples channel sampling and bulk sampling work, the company's review of the historical records and information reasonably substantiates the validity of the historical information presented in this news release; however, the company cannot directly verify the accuracy of the historical data, including the procedures used for sample collection and analysis. Therefore, the company encourages investors to exercise appropriate caution when evaluating the historical results.

Quality assurance/quality control procedures

Rock samples were inserted and sealed in plastic bags together with sample tags. All samples were securely delivered by company personnel to Agat Laboratories Ltd. All sample preparation and gold analysis, including initial 30-gram fire assay AAS finish (202-051) and subsequent overlimit as applicable, were completed in Thunder Bay. All four-acid digestion and 48 multielement analysis (ICP-OES/ICP-MS finish, 201-071) were done at Agat's Calgary location. As required, any sample greater than 10 g/t Au was reassayed with gravimetric (202-064) and metallic screen (202-121) methods. Internal laboratory standards and blanks were also analyzed by Agat and reported with the certified assay results.

Menary gold project

The 275.6-hectare Menary property, located 18 kilometres northeast of Coeur Mining's Rainy River gold mine, is a property optioned from Destroismaisons CLM Holdings Corp., where the company may earn 100-per-cent interest in the property (see March 24, 2026, news release for full details).

Qualified person

Robert Penczak, MSc, PGeo (Ontario), vice-president of exploration for the company and a qualified person as defined by National Instrument 43-101, has reviewed and approved the scientific and technical information used in this news release.

About Total Metals Corp.

Total Metals also owns 100 per cent of the High Lake and West Hawk Lake project covering 958 hectares in two gold properties located along the Trans-Canada Highway straddling the Manitoba/Ontario border. The Purdex zone on the High Lake property has significant exploration potential and will be the primary target for initial exploration and potential future mining activities. The West Hawk Lake property comprises a single mineral lease, located within southeastern Manitoba. The company has an option on the Menary gold property, strategically located in the Kenora mining division of Ontario, sharing a common southern boundary with the Rainy River claims being acquired by Coeur Mining following its approximately $7-billion (U.S.) acquisition of New Gold. The most recent addition to the company is the Pick Lake property, consisting of 75 claims and a mining lease covering over 5,260 hectares, accessible through a road connected to the Trans-Canada Highway to the south. The Pick Lake critical minerals deposit has an average strike length of approximately 250 metres and a depth extension tested between 300 to 1,200 metres.

Total Metals is focused on developing and advancing its high-grade gold and critical mineral assets located in Eastern Canada. The Electrolode project is targeting high-potential critical mineral plus gold resources and targets in three favourable geologic trends, located near major mines in the Red Lake gold camp and is strategically located between Kinross Gold's Great Bear project and First Mining Gold's Springpole project. The Electrolode project is fully permitted for exploration drilling and hosts 10 historic mineralized zones with significant expansion potential plus new, untested targets ready for further exploration.

We seek Safe Harbor.