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Total Metals Corp
Symbol TT
Shares Issued 59,315,766
Close 2026-09-23 C$ 0.245
Market Cap C$ 14,532,363
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Total Metals conducts sampling at High Lake, Menary

2026-09-23 19:17 ET - News Release

Mr. Tyler Thorburn reports

TOTAL METALS PROVIDES UPDATE ON EXPLORATION ACTIVITIES

Total Metals Corp. has provided an update on recent exploration activities on its exploration properties in Northwestern Ontario.

President and chief executive officer Andrew Ramcharan stated: "Total Metals is advancing its flagship High Lake asset, one of the most compelling growth opportunities in its portfolio. Planned work includes expansion and infill drilling designed to scale the existing mineral resource, supported by regional programs aimed at refining future drill targets. The company is fully permitted and funded to execute its 2026 drilling program."

High Lake and Menary field activities

The company's technical team of geologists completed a program of reconnaissance field investigation and sampling at two of the company's exploration properties, High Lake and Menary, located near Kenora in Northwestern Ontario.

Where surface rock exposure was adequate, an attempt was made to obtain a representative chip sample across the vein or mineralized feature. Grab samples were only taken if the structure was not fully exposed or because of the limits of the rock exposure. All samples were submitted for analysis and will be reported shortly after results have been received.

At High Lake, the team visited the Purdex zone, which contains an existing current mineral resource, as well as other occurrences at the western part of the property that have seen varying levels of historical work. All-season drill access to both areas has been confirmed. A total of nine mineralized samples were taken at various property occurrences. At the Purdex area, observations and structural measurements support a working model that the ore body is orientated at a steep plunge to the northwest at the confluence of intersecting structures. This working model will be tested in an upcoming drill program.

At the Menary property, all-season drill access was confirmed by the team, and historical high-grade gold trenches and pits were located. Historical trenched and pitted zones were investigated to fully understand the orientation of quartz vein structures in order to inform drill planning. A total of 11 variably mineralized quartz vein samples were collected including one containing visible gold.

Next steps

Over the coming weeks, the company expects to achieve key milestones across its exploration portfolio, significantly accelerating project development:

  • Initiate drilling on the Purdex zone at High Lake;
  • Submit a series new early exploration permits at High Lake for drilling that will support the next stage of target evaluation and growth;
  • Upon completion of a high-resolution airborne magnetics survey, prepare and submit an early exploration permit for Menary;
  • At Pick Lake, planning is under way to initiate a gravity survey to identify new additional targets in addition to near-surface targets identified within the forint of the historical resource;
  • Near-term planned activity for West Hawk Lake includes core relogging and infill sampling, as well as further evaluation of property geologic ahead of eventual preparation of an exploration permit.

Qualified person

Robert Penczak, MSc, PGeo (Ontariov, 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 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 historical mineralized zones with significant expansion potential plus new, untested targets ready for further exploration. Total Metals also owns 100 per cent of the High Lake and West Hawk Lake projects, 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 Inc. following its approximately $7-billion (U.S.) acquisition of New Gold Inc. 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 via 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 and 1,200 metres.

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