Total Metals Restates Information on Acquisition of the Menary Gold Project

💬 Mining Investors: Follow $TT $TTTMF’s Menary project update! Key details on the completed acquisition are here — thoughts?

Toronto, Ontario, March 24, 2026 – $TOTAL METALS CORP.(BGADD)$is restating its news release issued on Monday, March 23, 2026.

Total Metals is pleased to announce that it has completed the acquisition of the Menary Gold Project (the “Project”), first announced by the Company on December 22, 2025 (the “Transaction”).

The Menary Gold Project

As disclosed in the Company’s news release dated December 22, 2025, the Menary Project consists of 27 mineral claims and one mining lease covering a total area of 276.5 hectares, strategically located in the Kenora Mining Division, Ontario. The Project shares a southern boundary with claims held by Coeur Mining, Inc. (hereinafter “Coeur”) and is immediately adjacent to Coeur’s Rainy River Mine. Coeur completed its acquisition of New Gold Inc. for approximately $7 billion on March 20, 2026.

Project Highlights

• Galbraith “A” Zone Grab Samples: High-grade grab sample results include 8,120 g/t Au, 1,885 g/t Au, and 1,400 g/t Au, confirming the presence of extremely high-grade mineralization.

• Galbraith “A” Zone Channel Samples: Continuous channel sampling across the shear structure returned 1.0 m of 243.00 g/t Au and 1.0 m of 45.38 g/t Au, demonstrating the width continuity of high-grade mineralized zones.

• Wagg Zone Drilling: Diamond drill hole MIN-11-18 intersected 16.99 g/t Au over 6.3 m (core length), identifying a new, previously unknown deep mineralized zone.

• Strategic Location: The Menary Project is located approximately 65 km northwest of Fort Frances, contiguous with the Rainy River Mine property. Coeur Mining’s recent acquisition of New Gold validates the district’s standing as a top-tier North American mining jurisdiction.

Transaction Details

Pursuant to an option agreement, Destroismaisons granted the Company the exclusive right to acquire a 100% interest in the Project through total cash payments of C$1,010,000 and issuances of common shares of the Company valued at C$1,010,000 over four years, subject to existing net smelter return royalty requirements (as defined below).

The Transaction details are as follows: (1) payment of C$210,000 in cash and issuance of shares valued at C$210,000 (the “Initial Payment”) within five days of approval of the Transaction by the TSX Venture Exchange (TSXV); and (2) payment of C$200,000 in cash and issuance of shares valued at C$200,000 on each of the first, second, third, and fourth anniversaries. The share issuance price will be based on the 20-day volume-weighted average trading price of the Company’s shares on the TSXV, with a minimum price of C$0.35 per share and a maximum total issuance of 2,885,714 shares. Upon completion of all payments and share issuances, the Company will own a 100% interest in the Project, subject to a total net smelter return royalty (“NSR”) of four and one-half percent (4.5%), payable to Western Troy Capital Corp. (3%) and William McNerney (1.5%).

The Transaction is a fair market transaction. The Initial Payment — consisting of C$210,000 in cash and 507,678 common shares issued at a deemed price of C$0.41365 per share — was completed on Tuesday, March 24, 2026. The issued securities are subject to a standard four-month-and-one-day hold period under NI 45-106 – Prospectus Exemptions and have no additional escrow or resale restrictions.

Qualified Person

Robert Penczak, P.Geo., Vice President, Exploration of the Company, is a Qualified Person as defined under National Instrument 43-101 and has reviewed and approved the scientific and technical information contained in this news release.

About Total Metals Corp.

Total Metals Corp. is focused on its 100% owned Electrolode Project, which covers over 3,300 hectares of contiguous land in northwestern Ontario. The Electrolode Project targets high-potential critical minerals and gold resources along three favorable geological trends, adjacent to major mines in the Red Lake Gold Camp and strategically positioned between Kinross Gold’s Great Bear Project and First Mining Gold’s Springpole Project. The Project is fully permitted for exploration drilling and hosts 10 historical mineralized zones with significant expansion potential, plus new, untested targets ready for further exploration.

Total Metals also owns 100% of the High Lake and West Hawk Lake Projects, totaling 958 hectares, both gold assets located along the Trans-Canada Highway across the Manitoba/Ontario border. The Purex mineralized zone at the High Lake Project represents significant exploration potential and will be the primary target for initial exploration and potential future mining activities. The West Hawk Lake asset consists of a single mining lease in southeastern Manitoba.

For SG users only, Welcome to open a CBA today and enjoy access to a trading limit of up to SGD 20,000 with unlimited trading on SG, HK, and US stocks, as well as ETFs.

🎉Cash Boost Account Now Supports 35,000+ Stocks & ETFs – Greater Flexibility Now

Find out more here.

Complete your first Cash Boost Account trade with a trade amount of ≥ SGD1000* to get SGD 688 stock vouchers*! The trade can be executed using any payment type available under the Cash Boost Account: Cash, CPF, SRS, or CDP.

Click to access the activity

Other helpful links:

• 💰Join the TB Contra Telegram Group to Get $10 Trading Vouchers Now🎉

• How to open a CBA. How to link your CDP account. Other FAQs on CBA. Cash Boost Account Website.