Announcement • Jul 08
Red Metal Resources Provides Operational Update On Small-Scale Mining Activities At Farellon 1/8 Mineral Concession Red Metal Resources completed site visits June 18th and July 1st, 2026, confirming that mine development by KMT is actively underway at Farellon 1/8. De-watering of the historic Level 7 workings at the North Mine is approximately 90% complete, restoring access to known high-grade underground copper mineralization. The South Mine portal has been advanced 10 metres in the direction of a mineralized vein intersected by previous drilling. KMT is currently working on road construction, building camp infrastructure, and advancing underground development in both the North and South Mine areas. In the north workings, de-watering of the historic Level 7 workings is approximately 90% complete, with water being pumped to surface and discharged. Restoring access to Level 7 is a key step in re-establishing production, as a total of 5,080 tonnes of ore were previously extracted from Level 7 between 2016 and 2017, grading 1.97% copper, 9.62 g/t silver and 0.14 g/t gold. Copper and gold grades within the sulphide mineralization have been shown to increase and become more consistent with depth in the historic workings. In the south sector, a crew of two drillers and a scoop tram operator continue to advance the decline toward a previously drilled vein with intercepts in the area. Intercepts listed below are historic drill intercepts in the area being targeted by the Southern decline. Drill intercepts are not true widths; true widths are estimated at between 70-90% of drilled widths. KMT will continue to de-water Level 7 in the northern mine sector in preparation for the commencement of production by end of summer. The southern mine sector will be further extended until the target mineralized vein is reached. IP results expected in July to aide in drill targeting. Mining at the Farellon 1/8 concession is being carried out by the lessee, Minera KMT SpA, under a lease and royalty arrangement. Red Metal is the lessor and royalty holder and is not the operator of the mining activities. The mining is not based on a feasibility study, preliminary feasibility study or other technical study demonstrating economic or technical viability, and no current mineral resource or mineral reserve estimate has been prepared for the Property under National Instrument 43-101. Announcement • Apr 03
Red Metal Resources Ltd Initiates Ip Survey on Carrizal Copper-Gold-Cobalt Project Red Metal Resources Ltd. engaged Geophysical Studies Chile out of La Serena, Chile to complete an Induced Polarization (IP) survey over the Company's 100%-owned Carrizal Copper-Gold-Cobalt Project, located in Chile's Atacama Region. Carrizal hosts a structurally controlled, vein-style, Iron Oxide Copper-Gold system. Veins have been identified and sampled over more than 12 km in strike length on surface. Drilling has tested 1.5 km of that veining to a depth of approximately 200 m. IP will target chargeability associated with sulphides at depths up to 500 m deep. Two IP grids are planned to target two separate areas of veining. A northern target will consist of 10 lines, each 2.5 km in length for a total of 25 kms. A southwestern target will consist of 6 lines, each 2 km in length for a total of 12 km. The full survey will total 37 line kms. Individual mineralized vein systems and mine workings have been mapped with strike lengths of up to 4.5 kilometres and over 12 kilometres of veining mapped and sampled. Historic surface sampling between 1996 and 2025 totaled 317 surface reconnaissance samples. Of the 317 samples collected, 178 returned copper grades over 1% copper, and 128 exceeded 2% copper and high grade copper values included 17.25%, 8.0% and 7.23%. For gold, 81 of the 317 samples returned grades above 0.5 g/t with 19 samples exceeding 2.0 g/t Au The highest grade samples were 8.4 g/t, 7.0 g/t and 5.4 g/t Au. Magnetics to map magnetite-bearing zones such as iron oxide copper-gold (IOCG) veins, breccia zones and related skarns; Induced Polarization geophysics to map sulphide concentrations and identify high-priority targets at depth. Integration of 3D IP inversions of chargeability and resistivity data and LiDAR-assisted structural interpretation to refine drill targeting. The combined information from structural interpretation, surface sampling, and IP showing possible sulphide mineralization at depth will be used to enhance confidence in drill targets. This will include expanding previously drilled targets and developing new ones. The technical content of this news release has been reviewed and approved by Caitlin Jeffs, P. Geo, who is a Qualified Person (QP) as defined in National Instrument 43-101, Standards of Disclosure for Mineral Projects. Announcement • Feb 12
Red Metal Resources Ltd. announced that it has received CAD 0.997298 million in funding On February 11, 2026, Red Metal Resources Ltd closed the transaction. The company announced that it has issued 7,496,633 units at a price of CAD 0.06 per Unit for gross proceeds of CAD 449,798. Each Unit is comprised of one common share of the Company (a "Share") and one Share purchase warrant (a "Warrant"), with each Warrant exercisable to acquire one additional Share at a price of CAD 0.09 for the first 12 months from the date of issuance, CAD 0.12 for the 12-24 month period from issuance, and CAD 0.15 for the 24-36 month period from issuance. The securities issued under the Second Tranche are subject to a statutory four month hold from the date of issuance. In connection with the Second Tranche, the Company paid CAD 18,480 in cash finder's fees and issued 308,000 finder's warrants. Each finder's warrant entitles the holder to purchase one Share of the Company at a price of CAD 0.06 per Share for a period of two years from the date of issuance. Two insiders participated in the Second Tranche for aggregate proceeds of CAD 58,600 
