Total Metals Accelerates Exploration at the Electrolode Critical Minerals Project and Provides Update on Loan to Kattegat Mining Inc.

Core Viewpoint - Total Metals Corp. is expanding its exploration efforts at the Electrolode Critical Minerals Project by mobilizing an additional diamond drill rig to accelerate testing of high-priority targets in the Red Lake mining district of Ontario [1] Exploration and Development - The additional drill rig will enhance the ongoing 5,500-metre winter drill program initiated in late January 2026, focusing on high-priority electromagnetic conductors and historical high-grade zones across a 6-kilometre mineralized trend [1] - The expansion allows simultaneous exploration at the Arrow Zone, targeting continuity with the adjacent Garnet Zone, while also testing complex litho-structural targets and potential gold-bearing cross structures identified through recent 3D inversion modeling [2] Financial and Strategic Updates - On February 6, 2026, the company terminated a loan agreement with Kattegat Mining Inc. and will not proceed with funding, while evaluating other opportunities aligned with its business objectives [3] - Total Metals has entered into a 30-day media services agreement with i2i Marketing Group LLC, commencing on February 15, 2026, for a total consideration of US$250,000, covering various marketing services [3][4] Company Overview - Total Metals Corp. focuses on its 100% owned Electrolode Project, covering over 3,300 contiguous hectares in northwestern Ontario, targeting high-potential critical mineral and gold resources [7] - The Electrolode Project is strategically located near major mines in the Red Lake Gold camp and is fully permitted for exploration drilling, hosting 10 historic mineralized zones with significant expansion potential [7]