May 6, 2026
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Total Metals Corp.
May 6, 2026, Toronto, ON - Total Metals Corp. (“Total Metals” or the “Company”) (TSX-V: TT) (OTCQB: TTTMF) (FSE: O4N) is pleased to announce that it has completed the 25 hole, 8,408 metre drill program on the Company’s 100% owned Electrolode Critical Minerals Property (the “Project”).
Program Details
This drill program is the culmination of a target identification, field validation and ranking program carried out over the course of a year. This began with an aerial drone magnetic survey as well as the application of leading-edge algorithms for interpretation of airborne VTEM data. These results were further processed by creating 3D Maxwell plates for analyzing the depth and dimensions of the identified VTEM conductors. The next phase followed with “boots-on-the-ground” geological mapping and soil geochemistry. Historical drill logs were re-interpreted and some new sampling and assaying were completed on selected historical core that had been catalogued and stored at the property. These efforts resulted in the identification of several new targets as well as a re-evaluation of the 12 historical critical-metals targets previously discovered. All these results were collated into a coherent litho-structural model whereby 3D targets were created. These were then evaluated and ranked, such that the upper 10% were selected for drill testing.
This systematic approach is a proven method for the exploration of VMS deposits under cover in the Archean greenstone belts of Northwestern Ontario.
“You can have the best geophysical models in the world, but eventually, you have to turn the drills to prove what's in the ground," said Michael Dehn, Executive Chairman of Total Metals Corp. "Just west of us, Great Bear demonstrated the sheer volume of drilling—over 400 holes and 200,000 meters—required to fully delineate a generational deposit. Our 8,000-meter, 25-hole program at Electrolode is a highly targeted, aggressive first pass that is already giving us the structural roadmap we need. We are thrilled with the execution of this program. This is just the beginning of the Electrolode story, and it points to a much larger, very exciting mineralized system that we are eager to chase with the drill bit.”
"The drill core is currently at the lab being processed, we anticipate reporting the highly anticipated assay results in the coming weeks.” commented Tyler Thorburn, President and CEO of Total Metals Corp.
“The successful execution of our drill program at Electrolode is a direct reflection of the exceptional caliber of our consultants, the resilience of our drillers, and the precision of our drill target planning and 3D modeling team," stated Rob Penczak, Vice President of Exploration at Total Metals Corp. "When we launched this campaign in late January with our initial 5,500-metre winter program, and then aggressively scaled up by mobilizing a second drill rig in February to accelerate the testing of our high-priority EM conductors, we knew we were putting a heavy logistical demand on our field operations. We would like to extend our deepest gratitude to everyone on the ground. They executed this program flawlessly while putting up with incredibly long water lines, coordinating some very long and complex drill moves across the property, and enduring long drive times to and from the drill sites every single day. Their hard work in the field, combined with the sharp predictive work from our modeling group, is what makes an ambitious exploration program like this a success.”
Table 1. List of drill-holes completed in recent program grouped by target theme
Hole Number | UTM Easting | UTM Northing | Elevation (m asl) | Final Depth (m) | Azimuth (degrees) | Dip (degrees) | Target |
EL-26-002 | 512588 | 5649252 | 402.5 | 405.00 | 135.00 | -70 | Arrow/Garnet |
EL-26-003 | 512588 | 5649253 | 402.6 | 12.00 | 134.00 | -64 | Arrow/Garnet |
EL-26-003A | 512589 | 5649252 | 402.6 | 387.00 | 134.00 | -64 | Arrow/Garnet |
EL-26-004 | 512531 | 5649226 | 402.1 | 411.00 | 133.00 | -66 | Arrow/Garnet |
EL-26-005 | 512828 | 5649207 | 401.0 | 120.00 | 139.00 | -50 | Arrow/Garnet |
EL-26-006 | 512426 | 5649233 | 401.8 | 456.00 | 138.00 | -65 | Arrow/Garnet |
EL-26-007 | 512827 | 5649206 | 401.0 | 267.00 | 185.00 | -64 | Arrow/Garnet |
EL-26-008A | 512896 | 5649292 | 401.0 | 165.00 | 131.00 | -53 | Arrow/Garnet |
EL-26-009 | 512896 | 5649293 | 401.1 | 138.00 | 131.00 | -62 | Arrow/Garnet |
EL-26-010 | 513087 | 5649415 | 400.8 | 132.00 | 140.00 | -45 | Arrow/Garnet |
EL-26-013 | 508096 | 5645799 | 390.9 | 516.00 | 154.00 | -62 | Hornet Zone |
EL-26-016 | 508157 | 5645850 | 392.5 | 513.44 | 152.00 | -59 | Hornet Zone |
EL-26-019 | 508212 | 5645866 | 390.3 | 528.00 | 158.00 | -65 | Hornet Zone |
EL-26-023 | 508308 | 5645873 | 390.3 | 129.00 | 153.00 | -67 | Hornet Zone |
EL-26-024 | 508309 | 5645874 | 390.6 | 458.00 | 139.00 | -66 | Hornet Zone |
EL-26-001 | 513131 | 5649164 | 401.0 | 489.00 | 95.00 | -50 | New Target |
EL-26-011 | 507499 | 5645662 | 390.2 | 345.00 | 149.00 | -45 | New Target |
EL-26-012 | 507100 | 5645462 | 391.5 | 345.00 | 153.00 | -45 | New Target |
EL-26-014 | 507302 | 5645601 | 387.8 | 450.00 | 195.00 | -45 | New Target |
EL-26-015 | 507109 | 5645018 | 383.7 | 336.00 | 145.00 | -45 | New Target |
EL-26-017 | 508207 | 5646570 | 403.2 | 303.00 | 295.00 | -45 | New Target |
EL-26-018 | 510459 | 5647966 | 402.1 | 390.00 | 155.00 | -63 | New Target |
EL-26-020 | 510747 | 5648113 | 400.3 | 318.00 | 135.00 | -45 | New Target |
EL-26-021 | 510834 | 5647965 | 396.4 | 201.00 | 135.00 | -45 | New Target |
EL-26-022 | 510949 | 5648280 | 404.3 | 354.00 | 131.00 | -45 | New Target |
EL-26-025 | 511606 | 5648579 | 401.2 | 240.00 | 142.00 | -50 | New Target |
Figure 1. Electrolode property aerial image showing location of 2026 winter program drill-holes relative to Arrow Zone footprint and historical drilling by previous operators.
Correction to News Release dated April 16, 2026
The Company wishes to correct the Cu Grade (g/t) unit of measurement listed in its April 16, 2026 news release. The correct unit of measurement is (%). The following chart is correct:
** | Tonnes | Zn Grade | Cu Grade | Au Grade | Ag Grade |
Pick Lake | (Mt) | (%) | (%) | (g/t) | (g/t) |
Indicated | 1.78 | 19.2 | 0.9 | 0.3 | 36.1 |
Inferred | 0.27 | 16.4 | 1.0 | 0.3 | 38.0 |
**The Pick Lake Deposit Historical Mineral Resource estimates were prepared by independent resource consultant MASSA Geoservices. Mineral Resources were estimated and reported with an effective date of October 15, 2020, using 3% Zn as a lower cut-off, are summarized in the statement and table above.
Qualified Person
Robert Penczak, M.Sc., P.Geo (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 Corp. is focused on its 100% owned Electrolode Project covering over 3,300 contiguous hectares in northwestern Ontario. The Electrolode Project is targeting high-potential critical mineral plus gold resources and targets in three favorable 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. Total Metals also owns 100% 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 Purex 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 is comprised of a single mineral lease, located within southeastern Manitoba.
www.totalmetalscorp.com
Cautionary Statements
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in its policies of the TSX Venture Exchange) accepts responsibility for the adequacy of this release.
Tyler Thorburn
President and Chief Executive Officer
info@totalmetalscorp.com
(416) 873-7662
Forward-Looking Information
This press release includes “forward-looking information” that is subject to assumptions, risks and uncertainties, many of which are beyond the control of the Company. Statements in this news release which are not purely historical are forward looking. Although the Company believes that any forward-looking statements in this news release are reasonable, there can be no assurance that any such forward-looking statements will prove to be accurate. The Company cautions readers that all forward-looking statements, are based on assumptions none of which can be assured and are subject to certain risks and uncertainties that could cause actual events or results to differ materially from those indicated in the forward-looking statements. Such forward-looking statements represent management’s best judgment based on information currently available. Readers are advised to rely on their own evaluation of such risks and uncertainties and should not place undue reliance on forward-looking statements.
The forward-looking statements and information contained in this news release are made as of the date hereof and no undertaking is given to update publicly or revise any forward-looking statements or information, whether as a result of new information, future events or otherwise, unless so required by applicable securities laws or the TSX-V. The forward-looking statements or information contained in this news release are expressly qualified by this cautionary statement.
