Red Metal Defines 3-Kilometre Chargeability Trend Along Copper Gold Bearing Vein Structures at Carrizal

(CSE:RMES, OTC:RMESF, FSE:I660) Red Metal Resources Ltd. reported final results from the two-dimensional (2D) and three-dimensional (3D) induced polarization (IP) and resistivity survey completed by Geophysical Studies Chile over its Carrizal Copper-Gold-Cobalt Property near Vallenar in Chile's Atacama Region. The survey covered two separate blocks targeting numerous veins identified in surface mapping, sampling programs, and previous drilling campaigns, and these blocks have been integrated into a single property-scale 3D model. The highest-priority target is a one-kilometre-long chargeability anomaly following the Gorda vein to about 550 metres depth, which has only been tested by one drill hole (FAR-22-020: 5.7 metres of 1.10% Cu, 0.12% Co, and 0.25 g/t Au). All six mapped veins in the South Block coincide with chargeability anomalies extending to 400-500 metres depth, and the North Block anomaly follows the Theresa and Vein 1-Vein 2 structures for approximately 3 kilometres from near surface to depths of 350 to 500 metres. In the South Block, the largest anomaly follows the Theresa, South Theresa, Vein 1, and Vein 2 structures for approximately 1.1 kilometres, while a second anomaly about one kilometre long follows the Gorda vein from near surface to approximately 550 metres depth, and a third follows the Farellón vein for approximately 850 metres between 60 and 450 metres depth. Historical drilling on the property reached a maximum vertical depth of approximately 280 metres, while the IP survey identified anomalies extending to approximately 550 metres depth. Drill hole FAR-22-020, drilled in 2022, returned 7.8 metres grading 0.83% Cu, 0.09% Co, and 0.19 g/t Au from 139.9 metres, including 5.7 metres grading 1.10% Cu, 0.12% Co, and 0.25 g/t Au from 142.0 metres. Four surface rock samples collected within 60 metres of the Gorda vein on Line L800 returned 4.9% to 5.8% Cu. In the North Block, the largest anomaly extends approximately 1.8 kilometres along the Vein 1, Vein 2, and Theresa trend from near surface to approximately 350 metres depth, with the two block anomalies defining a trend about 3 kilometres long. Surface samples above the Armonía-Theresa structures returned 2.9% and 3.7% Cu, and up to 3.9% Cu above the Armonía and Theresa veins. The survey was completed by Geophysical Studies Chile, with South Block data acquired in May and June 2026 and North Block data from July to September 6, 2026; the final report was delivered on September 23, 2026. The South Block comprises six lines, each 2.0 kilometres long, and the North Block comprises ten lines, each 2.5 kilometres long, for a total of 37 line-kilometres, with lines spaced 200 metres apart. Data were acquired using a time-domain pole-dipole array and processed with both 2D and 3D inversion algorithms. The company also announced the engagement of Oak Hill Financial Inc. to provide business and capital markets advisory and investor relations services. The engagement began on October 22, 2026, for an initial term of two months, expected to end on December 22, 2026, with the possibility of extension on a month-to-month basis. Oak Hill will receive a cash fee of $12,000 per month, totaling $24,000 over the initial term, and will not be compensated with options or any other securities. Oak Hill is at arm's length to the company and may engage its affiliate, Oak Hill Asset Management, at no additional cost. Caitlin Jeffs, P.Geo., President and CEO of Red Metal Resources, reviewed and approved the technical and scientific information in the release.

Red Metal Provides Farellon Mining Update

(CSE:RMES) (OTC:RMESF) (FSE:I660) Red Metal Resources Ltd. provided a mining update for the Farellon Project at its Carrizal Copper-Gold-Cobalt Property near Vallenar, Chile. The lessee and operator, Minera KMT SpA, received final settlements from Empresa Nacional de Minería (ENAMI) for August and September 2026 deliveries of copper sulphide and gold ore to ENAMI's Vallenar plant. A total of 1,042 tonnes of Farellon ore were settled for these two months. In August 2026, 16 lots totaling 597 tonnes were delivered, and in September 2026, 13 lots totaling 471 tonnes were delivered. ENAMI's settlement value for the two months, before Chilean value-added tax (IVA), was approximately US$75,750, with US$19,950 for August and US$55,800 for September. Royalties attributable to Red Metal totaled approximately US$6,440, with US$1,700 for August and US$4,740 for September. The royalty is calculated as a 10% net sales royalty (NSR) on all minerals sold to ENAMI from the Farellon 1/8 concession, less a pre-existing 1.5% royalty payable to the original vendor, resulting in a net effective royalty of 8.5% to Red Metal. The August deliveries had a weighted average grade of 0.66% insoluble copper and 0.19 g/t gold, while September deliveries had 1.26% insoluble copper and 0.31 g/t gold. Contained copper was 3,818 kg in August and 5,785 kg in September, with contained gold of 111 g and 141 g, respectively. Total contained copper for both months was 9,603 kg and total contained gold was 253 g. Underground development advanced from Level 7 to Level 9 of the north portal, with approximately 115 metres of development completed in the north tunnel and an additional 10 metres in the south tunnel. Level 7 advanced 16.6 metres, Level 8 advanced 10 metres (on standby), and Level 9 advanced 73.6 metres as of October 8, 2026, approximately 110 metres below surface. On October 8, 2026, KMT hauled a third lot of approximately 300 tonnes of run-of-mine ore from Level 9 to ENAMI's Vallenar plant in 14 truckloads, with settlement results pending. Nine samples from Level 9 face and stockpiles have been or will be submitted to Laboratorio Químico San Lorenzo in Vallenar, with results to be reported when received. Since signing the lease in May 2026, KMT has focused on dewatering, rehabilitating existing workings, and driving access to Level 9, with ore shipped to date coming largely from development headings. Red Metal monitors KMT's operations through bi-weekly site visits by its in-country field technician. President and CEO Caitlin Jeffs, P.Geo., stated that with two months of ENAMI settlements and improving grades as mining advances to Level 9, Farellon is providing steady, non-dilutive royalty revenue to the company. The technical content of the news release was reviewed and approved by Caitlin Jeffs, P.Geo., President and CEO, as a Qualified Person under NI 43-101. Data verification included reconciling lot weights, moisture, grades, and contained metal reported on ENAMI settlements M 36296 and L 36425 against the lot register and field reports.

Red Metal Leases its Irene and Margarita Copper-Gold Concessions to Local Artisanal Miner

(CSE: RMES) (OTC: RMESF) Red Metal Resources Ltd. has announced that its wholly owned Chilean subsidiary, Minera Polymet SpA, has entered into a renewable five-year lease agreement with Construcción Minería y Servicios Catalina Ltda. for the mining rights to its Irene and Margarita mineral concessions, part of the Mateo property in Chile. Polymet will receive a royalty of 10% of the gross value of all minerals extracted, with a guaranteed minimum payment of US$1,000 per month commencing in the third month. Production is scheduled to ramp to a minimum of 2,500 tonnes per month after a three-month grace period. The Irene-Margarita Property consists of three mining concessions totaling approximately 106 hectares located approximately 15km east of Vallenar in Chile's Atacama Region. According to ENAMI's reports from 1994 through 1997, approximately 16,144 tonnes of rock was mined with an average grade of 3.2% copper, 43.7 grams per tonne silver and 0.72 grams per tonne gold. Between August 2009 and December 2010, approximately 3,219 dry tonnes of ore were delivered to ENAMI at a weighted-average grade of 1.67% copper, for approximately 53.8 tonnes of contained copper. Gold and silver recoveries were reported for approximately 1,827 dry tonnes, returning weighted-average grades of 0.33 g/t gold and 22.6 g/t silver.

Red Metal Provides Operational Update Following Recent Rainfall in Chile's Vallenar Region

(CSE: RMES) Red Metal Resources Ltd. provided an update on the impact of recent rainfall in the Vallenar region of Chile's Atacama Region on activities at its Carrizal Copper-Gold-Cobalt Property. The Vallenar area recorded approximately 104 millimetres of rainfall over the five-day period from July 15 to 19, 2026, including a peak daily total of approximately 50 millimetres on July 19. Vallenar's average annual rainfall is only on the order of 30 to 55 millimetres, meaning the region received roughly two to three years' worth of its typical annual precipitation in less than a week. The Company's induced polarization (IP) survey crew temporarily demobilized from site for approximately one week due to hazardous road conditions, while mining operations on the Property continued without interruption. Red Metal Resources closed a non-brokered private placement financing in multiple tranches in the first quarter of 2026, completed a LiDAR survey and structural interpretation, and entered into a lease and royalty agreement with Minera KMT for the Farellon 1/8 concession. The company projects that the IP survey crew will continue the northern block survey at Carrizal as road conditions permit and that small-scale mining operations at the Farellon 1/8 concession will continue under the lease and royalty arrangement. Red Metal Resources' current portfolio includes Chilean projects in the Candelaria Iron Oxide Copper-Gold (IOCG) belt and the 100% owned Ville Marie claims in Quebec, Canada.

Red Metal Provides Operational Update Following Recent Rainfall Near Vallenar, Chile

(CSE: RMES) (OTC: RMESF) Red Metal Resources Ltd. provided an update on the impact of recent rainfall in the Vallenar area of Chile's Atacama Region on activities at its Carrizal Copper-Gold-Cobalt Property. The induced polarization ("IP") survey crew was temporarily demobilized from the site for approximately one week due to hazardous road conditions, while mining operations on the Property continued without interruption. The Vallenar area recorded approximately 104 millimetres of rainfall over the five-day period from July 15th to 19th, including a peak daily total of approximately 50 millimetres on July 19. Vallenar's average annual rainfall is only about 30 to 55 millimetres, meaning the region received roughly two to three years' worth of its typical annual precipitation in less than a week. Mining operations at the Farellon 1/8 concession, carried out by the lessee Minera KMT, were not affected by the rains due to diversion trenches constructed by the operator. In the first quarter of 2026, the company closed a non-brokered private placement financing in multiple tranches and completed a LiDAR survey and structural interpretation over the Carrizal Property. The company projects that the IP survey crew will continue the northern block survey at Carrizal as road conditions permit and that small-scale mining operations at the Farellon 1/8 concession will continue under the lease and royalty arrangement.

Red Metal's Carrizal IP Survey Defines a Chargeability Trend Across All Six Consecutive Lines, Open at Depth

(CSE: RMES) Red Metal Resources Ltd. reported preliminary results from a three-dimensional induced polarization (3D IP) survey over the southern block of its Carrizal Copper-Gold-Cobalt Property near Vallenar in Chile's Atacama Region. The survey covered six consecutive IP lines (L0, L200, L400, L600, L800, and L1000), each approximately 2,000 metres in length and spaced 200 metres apart, traced across the southern block over approximately one kilometre. The IP survey was designed to target the primary sulphide zone from 100m depth to 500m depth. A chargeability high coincides with historic drilling and is spatially coincident with a zone of reduced resistivity, considered a favourable indicator of disseminated to semi-massive sulphide mineralization. Drilling completed so far on the Property has not tested the highest IP anomalies outlined in this survey. The company plans to integrate all IP results into a 3D model with historical drilling, mapping, and geochemistry to refine and prioritize drill targets, and to plan drilling to test the highest-priority targets. The results remain preliminary and are subject to final data processing, quality control, and inversion.

Red Metal Reports $397,500 in Warrant Exercises and Engages Marketing Consulting Firm

(CSE: RMES) Red Metal Resources Ltd. announced that it has received gross proceeds of $397,500 from the exercise of 4,354,167 common share purchase warrants. The 4,354,167 warrants were exercised by three holders, one of whom is an insider of the Company, and were exercised in accordance with their existing terms. The Company intends to use the net proceeds for its ongoing exploration programs and for general working capital purposes. Red Metal Resources Ltd. has engaged Spark Newswire to provide marketing and investor awareness services for an initial term of two months commencing in late June 2026, with an aggregate payment of US$125,000 in cash over the two-month term. The Company may elect to continue services on a monthly basis or move to a reduced monthly maintenance arrangement of US$50,000 per month following the initial term. Red Metal Resources Ltd.'s current portfolio includes Chilean projects in the Candelaria Iron Oxide Copper-Gold (IOCG) belt, as well as the 100% owned Ville Marie claims in Quebec and Larder Lake Claims in Ontario, Canada. The company projects that engaging Spark Newswire is an important next step in broadening awareness of Red Metal among both retail and institutional investors as it continues to advance the Carrizal Copper-Gold Project in the Coastal Cordillera, Chile and its projects in Quebec and Ontario.

Red Metal Engages Independent Trading Group as Market Maker

(CSE: RMES) Red Metal Resources Ltd. announced that it has engaged Independent Trading Group ("ITG") to provide market-making services in accordance with Canadian Securities Exchange ("CSE") policies. ITG will trade shares of the Company on the CSE and all other trading venues with the objective of maintaining a reasonable market and improving the liquidity of the Company's common shares. The agreement is for an initial term of one month at $5,500 and will renew for additional one-month terms unless terminated. The agreement may be terminated by either party with 30 days' notice. There are no performance factors contained in the agreement, and ITG will not receive shares or options as compensation. At the time of the agreement, neither ITG nor its principals have an interest, directly or indirectly, in the securities of the Company.

Red Metal Signs Mining Agreement at Carrizal IOCG Project

Red Metal Resources Ltd. (CSE: RMES) announced that its wholly owned Chilean subsidiary, Minera Polymet SpA, has signed a 5-year, renewable mining lease agreement with Minera KMT SpA for the Farellon 1/8 mineral concession, part of the Carrizal Copper-Gold-Cobalt Property in Chile. The agreement requires a minimum monthly production of 2,500 tonnes after a 7-month development period, with Polymet receiving a monthly revenue stream equal to 10% (minus 1.5% existing royalty) on all Cu, Ag, Au ore sales, and 15% (minus 1.5% existing royalty) for cobalt-bearing ores. Historic mining from 2015-2017 produced 12,905 tonnes of ore containing 528,168 lbs of copper, 2,829 Oz silver, and 95 Oz of gold. The Carrizal Property consists of 21 mining concessions totaling 3,278 hectares, with the Farellon project covering 1,234 hectares and the Perth project covering 2,044 hectares. This agreement is expected to provide a consistent revenue stream for Red Metal's Chilean operations.

Red Metal Resources Ltd. Announces Filing of Form 15F to Terminate Sec Reporting Obligations

Red Metal Resources Ltd. (CSE: RMES) announced it is filing a Form 15F with the United States Securities and Exchange Commission to terminate the registration of its common shares under Section 12(g) of the U.S. Securities Exchange Act of 1934 and its reporting obligations under Section 13(a) and Section 15(d). The company cites an average daily trading volume in the United States of approximately 1,376.4 shares, representing about 0.99% of the worldwide average daily trading volume of approximately 138,486.1 shares for the 12-month period from April 29, 2025 to April 29, 2026. Upon filing, reporting obligations under the Exchange Act will be immediately suspended, and if the SEC does not object, termination will become effective 90 days after filing or sooner. The company's shares will continue to be listed on the Canadian Securities Exchange, Frankfurt Stock Exchange, and quoted on OTC Markets.

Red Metal Induced Polarization (IP) Survey Underway at Carrizal Property

Red Metal Resources Ltd. (CSE: RMES) announced that a geophysical crew from Geophysical Studies Chile has mobilized to the Carrizal Property in Chile and begun an induced polarization (IP) survey spanning 37 line-kilometres. The survey targets a structurally controlled, vein-style, Iron Oxide Copper-Gold system with surface veins running over 12 km in strike length and to known depths of approximately 200 m. As of April 22nd, crews have laid out 7.5 km of cable in the northern grid, and the survey aims to collect chargeability data associated with sulfide mineralization to depths of approximately 500 m. The results will inform drill planning and the development of new exploration targets. This work is part of Red Metal's strategy to expand its mineral exploration portfolio in Chile and Quebec, Canada.

Red Metal Completes LiDAR Analysis and Identifies New Exploration Targets

RED METAL RESOURCES LTD. announced that a detailed analysis and interpretation of recent LiDAR survey data has been completed at its 100%-owned Carrizal Copper-Gold-Cobalt Property, located in Chile's Atacama Region. The company also announced a geophysical c. The announcement was made from Vancouver, British Columbia, and includes references to the company's listings on CSE, OTC Pink, and FSE. This update is significant for investors as it provides information on the progress of exploration activities at the Carrizal Property.