October 20, 2025, Vancouver, BC - Total Metals Corp. (“Total Metals” or the “Company”) (TSX-V:  TT) (FSE: O4N) is pleased to announce that it has entered into a definitive Asset Purchase Agreement (the “Agreement”) with McFarlane Lake Mining Limited (“McFarlane”) pursuant to which the  Company will acquire 100% of McFarlane’s right, title, and interest in the High Lake and West Hawk  Lake gold projects located near Kenora, Ontario (the “Transaction”). 

Under the terms of the Agreement, Total Metals will acquire all mineral rights, data, and related  assets associated with the properties in consideration for a cash payment of $7,250,000 and the  issuance of 3,333,333 common shares of Total Metals (the “Consideration Shares”) at a deemed  price equal to $0.60 (the “Concurrent Financing”). The Consideration Shares will be subject to a  standard four month and one day hold period as prescribed un National Instrument 45-106 – Prospectus Exemptions. 

Closing of the Transaction remains subject to satisfaction of customary closing conditions,  including receipt of all required regulatory approvals, TSX Venture Exchange approval, completion  of the Concurrent Financing for gross proceeds of up to $10,000,000, among other standard closing  conditions.  

The Company intends to allocate the proceeds of the Concurrent Financing as follows: (i) $7,250,000  toward completion of the acquisition; (ii) approximately $1,542,500 toward exploration activities on  the Electrolode Project; (iii) $20,000 toward Indigenous consultation and permitting; (iv)  approximately $800,000 in finders’ fees; and (v) $387,500 toward general working capital. 

Following completion of the Transaction, Total Metals will hold a portfolio of high-grade gold assets  anchored by the High Lake and West Hawk Lake projects, both of which benefit from established  infrastructure and strong exploration potential within a proven mining district. 

The Agreement replaces the previously announced letter of intent between the parties dated  September 23, 2025. Closing is anticipated to occur on or before October 31, 2025, or such later  date as the parties may agree. 

About Total Metals Corp. 

Total Metals Corp. is focused on the acquisition, exploration and development of mineral properties  in the prolific Red Lake mining district of Northern Ontario, Canada. The company owns 100% of the  Electrolode Project covering 3,000 contiguous hectares, which has had substantial historical drilling  and recent modern airborne geophysics. The Electrolode Project targets high-potential mineral  resources 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. 

www.totalmetalscorp.com 

Qualified Person 

David Burga, P. Geo., Independent Director of the Company, is a Qualified Person for Total Metals  as defined under National Instrument 43-101 – Standards of Disclosure for Mineral Projects. Mr.  Burga has reviewed and approved the scientific and technical information in this press release. 

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 Exchange. The forward-looking statements or information  contained in this news release are expressly qualified by this cautionary statement.