Annual General and Special Meeting

PACE METALS LTD.

(TSXV: PACE | FSE: B7L | USA: BGADF)

Pace Metals recently announced it has entered into a definitive agreement dated March 26, 2025, with Compton Mining Corp., relating to the acquisition of all of the issued and outstanding securities of Compton pursuant to the terms of an amalgamation agreement (see press release dated March 27, 2025).

Pursuant to the Definitive Agreement, among other things:

• Pace will change its name to “Total Metals Corp.”;
• following completion of the foregoing, the amalgamation will be completed, and the Compton shareholders will exchange each Compton common share for one common share of the resulting issuer;
• the board of directors and management of the Resulting Issuer will be replaced with nominees of Compton;
• Compton will complete a non-brokered private placement of units for gross proceeds of $1,250,000 at a price of $0.25 per Compton share; and
• Pace will consolidate its common shares on the basis of one (1) Pace share for two (2) existing Pace shares

The Definitive Agreement is posted to the Company’s SEDAR+ profile at www.sedarplus.ca and contains additional details regarding the Proposed Transaction. As well, further details with respect to the Proposed Transaction are summarized in the Pace’s news releases dated October 25, 2025.

Completion of the Proposed Transaction is subject to a number of conditions including as disclosed herein, but not limited to, TSX Venture Exchange acceptance and if applicable, disinterested shareholder approval. Where applicable, the Proposed Transaction cannot close until the required shareholder and TSX Venture Exchange approval is obtained. There can be no assurance that the Proposed Transaction will be completed as proposed or at all.

This website includes “forward-looking information” that is subject to assumptions, risks and uncertainties, many of which are beyond the control of the Company.  Statements in this news release which are not purely historical are forward looking, including without limitation any statements concerning the expected results of the Proposed Transaction, the completion of the transactions contemplated by the Definitive Agreement, the anticipated timing thereof, completion of the Financing and the expected use of proceeds therefrom. Although the Company believes that any forward-looking statements in this news release are reasonable, there can be no assurance that any such forward-looking statements will prove to be accurate.  The Company cautions readers that all forward-looking statements, are based on assumptions none of which can be assured and are subject to certain risks and uncertainties that could cause actual events or results to differ materially from those indicated in the forward-looking statements. Such forward-looking statements represent management’s best judgment based on information currently available. Readers are advised to rely on their own evaluation of such risks and uncertainties and should not place undue reliance on forward-looking statements.

The forward‐looking statements and information contained in this website are made as of the date hereof and no undertaking is given to update publicly or revise any forward‐looking statements or information, whether as a result of new information, future events or otherwise, unless so required by applicable securities laws or the TSX Venture Exchange. The forward-looking statements or information contained in this news release are expressly qualified by this cautionary statement.