Total Metals Corp. (“Total Metals” or the “Company”) (TSX-V: TT) (FSE: O4N) is pleased to announce that it has closed the first tranche (“Tranche 1”) of its previously announced non-brokered private placement financing (the “Offering”), for aggregate gross proceeds of C$9,119,309.40.

Under Tranche 1 of the Offering, the Company issued an aggregate of 15,198,849 units (each, a “Unit”) at a price of C$0.60 per Unit. Each Unit consists of one (1) common share in the capital of the Company (a “Common Share”); and one (1) common share purchase warrant (a “Warrant”), each entitling the holder to acquire one additional Common Share (a “Warrant Share”) at an exercise price of C$0.90 per Warrant Share for a period of 36 months following the date of issuance.

The Units, Common Shares, Warrants and Warrant Shares are subject to a statutory hold period of four months and one day from the date of issuance, in accordance with applicable Canadian securities laws and TSX Venture Exchange (the “Exchange”) policies.

The net proceeds of Tranche 1 are expected to be used to advance exploration and development activities on the Electrolode Project, acquisition costs of the High Lake and West Hawk Lake gold projects; and for general working capital and corporate purposes.

In connection with Tranche 1, the Company paid a cash finder’s fees totaling C$573,226.75 and issued 945,378 non-transferable finder warrants (each, a “Finder Warrant”) to certain eligible arm’s-length finders who introduced subscribers to the Offering. Each Finder Warrant entitles the holder to purchase one Common Share (a “Finder Share”) at a price of C$0.60 per Finder Share for a period of 36 months from the date of issuance.

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

Past performance is not an indicator of future returns. NIA is not an investment advisor and does not provide investment advice. Always do your own research and make your own investment decisions. NIA has received compensation from TT of US$100,000 cash for a twelve-month marketing contract. This message is meant for informational and educational purposes only and does not provide investment advice.