Total Metals Corp. Acquires Pick Lake Critical Minerals Property

Toronto, ON — April 16, 2026 — Leads & Copy — Total Metals Corp. has acquired a 100% interest in the mineral rights underlying the Pick Lake Critical Minerals Property from Frontier Energy Limited and its subsidiary, Pick Lake Mining Limited.

The acquisition was completed under a purchase and sale agreement dated April 15, 2026. The Pick Lake property consists of 75 claims and a mining lease covering over 5,260 hectares, accessible via a road connected to the Trans-Canada Highway. The company paid Pick Lake Mining Limited CAD$2,200,000 in cash for the Project. No securities were issued in connection with the Acquisition.

Tyler Thorburn, President and CEO, stated that the Pick Lake Project is one of the best, high-grade Critical Mineral assets in the world. He added that Pick Lake resides in the prolific mining jurisdiction of NW Ontario and aligns with the company's goal of acquiring and advancing spectacular Canadian high-grade assets in Tier 1 mining jurisdictions.

Michael Dehn, Executive Chairman, commented that the exploration upside at Pick Lake is phenomenal. He noted the scale of the land package and the concentration of historical mineral occurrences, stating the potential for new discoveries is incredibly exciting. He added that the company has a robust pipeline of historical targets with geological signatures ready for follow-up.

The Pick Lake property is located within the Winston Lake greenstone belt, part of the Archean Wawa-Abitibi Terrane of the Superior Province of the Canadian Shield. The Winston Lake Sequence comprises felsic to intermediate volcanics, volcaniclastics, and sediments with minor mafic flows. The sequence reaches a maximum thickness of 2km and a strike of approximately 6km. A gabbroic intrusive marks the contact with the adjacent Bick Duck Lake assemblage.

The Pick Lake Deposit has an average strike length of approximately 250m and a depth extension tested between 300 to 1200m. Mineralization at Pick consists of massive fine to medium grained sphalerite, pyrrhotite, with minor chalcopyrite and pyrite.

Selected drilling results from Pick Lake Deposit lower Zone:

UP-0154
13.4m @ 30.47% Zn
1.44% Cu
57.7 g/t Ag
0.22 g/t Au

UP-0178
3.9m @ 36.35% Zn
1.25% Cu
64.4 g/t Ag
0.33 g/t Au

UP-0015
1.4m @ 40.60% Zn
0.35% Cu
16.2 g/t Ag
0.16 g/t Au

The calculated Resource is: Indicated 1.78 Mt @ 19.2% Zn, 0.9% Cu, 0.3 g/t Au and 36.1 g/t Ag; Inferred 270 kt @ 16.4% Zn, 1.0% Cu, 0.3 g/t Au and 38.0 g/t Ag NI43-101 2.2a**

There is an existing royalty consisting of a 2% NSR payable to a previous owner of the property, 50% of which may be bought back for CAD$1.0 million.

The Acquisition is not considered a “Fundamental Acquisition” as the company remains focused on the exploration and development of its Electrolode Project, with approx. C$2,400,000 having been spent on the property to date.

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.

Total Metals Corp. is focused on its 100% owned Electrolode Project covering over 3,300 contiguous hectares in northwestern Ontario, targeting high-potential critical mineral plus gold resources. It 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.

Source: Total Metals Corp.