Abacus Announces Private Placement

Toronto, Ontario--(Newsfile Corp. - December 8, 2025) - Carolina Rush Corporation  (OTCQB: PUCCF) ("Carolina Rush" or the "Company") is pleased to announce that, all required approvals having been received in connection with the Earn-In Option Agreement (the "Agreement") between Carolina Rush and OceanaGold Corporation ("OceanaGold"), all conditions were satisfied and the Agreement became active on November 26, 2025 (see news releases of September 16, 2025 and November 27, 2025 for more information).

The newly formed joint Technical Committee, comprised of two members of each of the companies, has held its first meeting and approved the Stage 1 exploration program and budget, which includes approximately 3,000 meters of drilling beginning January 5, 2026. This Stage 1 exploration program and budget formally commences Phase 1 of the Agreement, during which OceanaGold must spend a minimum of US$1.5 million. To earn a 50% interest in the Brewer Project, OceanaGold must spend a total US$8 million by the end of 2027.

President and CEO of Carolina Rush, Layton Croft, stated: "Our partnership with OceanaGold is off to a great start. Combined technical expertise and knowledge of the large, complex Brewer system helps us de-risk and plan our inaugural deep drill program in alignment together. Our aim is to test Brewer's porphyry copper-gold potential."

Stage 1 Program Overview

The initial deep-drilling campaign will test high-priority porphyry copper-gold targets defined through geologic mapping, geochemistry, and the MT-IP geophysical survey:

• DDH A-1 - approximately 1,500 meters planned: oriented to test the strongest portion of the low-resistivity body interpreted as a potential porphyritic intrusion beneath and west of the former Brewer Mine.
• DDH A-2 - approximately 1,500 meters planned: contingent on A-1 results, this hole will test the southern margin and core of the deep resistivity anomaly, collared in quartz-sericite-pyrite altered volcanic rocks exposed on surface.
• DDH B-1: approximately 1,000 meters planned: designed to evaluate a separate deep MT-IP anomaly to the north-northwest, in an area with anomalous molybdenum, topaz, and trace chalcopyrite-bornite mineralization never previously drill-tested at depth.

These holes collectively aim to determine whether a Cu-Au porphyry system underlies the high-sulfidation epithermal mineralization historically mined at Brewer.

Figure 1: Locations of Proposed Deep Drill Holes for the upcoming drill program at Brewer Gold-Copper Project

To view an enhanced version of this graphic, please visit:

https://images.newsfilecorp.com/files/5156/277206_eae8168844a06b48_003full.jpg

Qualified Person

The technical information in this news release has been prepared in accordance with Canadian regulatory requirements as set out in NI 43-101 and reviewed and approved by Patrick Quigley, MSc, CPG-12116, the Company's Senior Geologist and Exploration Manager and a Qualified Person as defined by NI 43-101.

About Carolina Rush

Carolina Rush Corporation (OTCQB: PUCCF) is a Southeastern U.S.-focused exploration company advancing the Brewer Gold-Copper Project in South Carolina, which is now under an Earn-In Option Agreement with OceanaGold Corporation. Brewer is a large, underexplored system with demonstrated near-surface Au-Cu epithermal mineralization and potential for deeper porphyry-style mineralization. Brewer is located 13 km from OceanaGold's producing Haile Gold Mine, which has 2025 production guidance of 170,000-200,000 ounces of gold (source: www.oceanagold.com).

The information disclosed from nearby properties is not necessarily indicative to the mineralization at Brewer.

For further information, please contact:

Layton Croft, President and CEO

or

Jeanny So, Corporate Communications Manager

E: info@thecarolinarush.com

T: +1.647.202.0994

For additional information please visit our website at http://www.TheCarolinaRush.com/ and our X feed: https://twitter.com/TheCarolinaRush.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

This news release contains forward-looking information which is not comprised of historical facts. Forward-looking information is characterized by words such as "plan", "expect", "project", "intend", "believe", "anticipate", "estimate" and other similar words, or statements that certain events or conditions "may" or "will" occur. Forward-looking information involves risks, uncertainties and other factors that could cause actual events, results, and opportunities to differ materially from those expressed or implied by such forward-looking information. Factors that could cause actual results to differ materially from such forward-looking information include, but are not limited to, changes in the state of equity and debt markets, fluctuations in commodity prices, delays in obtaining required regulatory or governmental approvals, and other risks involved in the mineral exploration and development industry, including those risks set out in the Company's management's discussion and analysis as filed under the Company's profile at www.sedarplus.ca. Forward-looking information in this news release is based on the opinions and assumptions of management considered reasonable as of the date hereof, including that all necessary governmental and regulatory approvals will be received as and when expected. Although the Company believes that the assumptions and factors used in preparing the forward-looking information in this news release are reasonable, undue reliance should not be placed on such information. The Company disclaims any intention or obligation to update or revise any forward-looking information, other than as required by applicable securities laws.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/277206

(TheNewswire)

December 8, 2025 – TheNewswire - Toronto, ON - TotalMetals Corp. (“TotalMetals” orthe “Company”) (TSX-V:TT) (OTCQB: TTTMF) (FSE: O4N) is pleased toannounce that, further to its news release dated November 25, 2025, ithas closed the first tranche of its non-brokered private placementfinancing (the “Offering”) consistingof Critical Minerals Flow-Through Units (each, a “CMFT Unit”) andNational Flow-Through Units (each, a “FT Unit” and,collectively with the CMFT Units, the “Units”), foraggregate gross proceeds of C$5,216,454.

The Company issued 3,056,481 CMFT Units at a price of$1.15 per CMFT Unit. Each CMFT Unit is comprised of one common shareof the Company (each, a “Common Share”) issued as a flow-throughshare designated as a “critical mineral flow-through share” withinthe meaning of the Income Tax Act (Canada), andone-half of one common share purchase warrant (each, a “CMFT Warrant”).Each whole CMFT Warrant entitles the holder to acquire one CommonShare at a price of $1.15 for a period of 36 months from the date ofissuance.

Additionally, the Company issued 1,620,477 Flow-ThroughUnits at a price of $1.05 per FT Unit.  Each FT Unit is comprised ofone flow-through Common Share issued as a flow-through sharedesignated as a “flow-through share” within the meaning ofthe Income Tax Act (Canada), and one-half of one warrant (each, a“FT Warrant”).  Each whole FT Warrant entitles the holder to acquireone Common Share at $1.15 for 36 months from the date ofissuance.

The gross proceeds from the issuance of the Units willbe used to incur eligible “flow-through critical mineral miningexpenditures,” and “flow-through mining expenditures,”respectively, which will be renounced to subscribers with an effectivedate no later than December 31, 2026, all in accordance with theIncome Tax Act (Canada) and applicable provinciallegislation.

In connection with the Offering, the Company paid acash finder’s fees totaling C$312,987.24 and issued 280,618non-transferable finder warrants (each, a “Finder Warrant”) tocertain eligible arm’s-length finders who introduced subscribers tothe Offering. Each Finder Warrant entitles the holder to purchase oneCommon Share (a “FinderShare”) at a price of C$1.10 per Finder Sharefor a period of 36 months from the date of issuance.

The Company plans to use the net proceeds from theOffering for the advancement of the Company’s wholly ownedElectrolode Project, High Lake and West Hawk Lake Projects. TheOffering is subject to final approval of the TSX Venture Exchange. All securities issued are subject to a statutory hold period of fourmonths and one day, expiring April 6, 2026.

About Total Metals Corp.

Total Metals Corp. is focused on its 100% ownedElectrolode project covering 3,000 contiguous hectares. The Electrolode projectis targeting high-potential mineral resources in three favorablegeologic trends, located near major mines in the Red Lake Gold campand is strategically located between Kinross Gold’s Great BearProject and First Mining Gold’s Springpole Project. The Electrolode projectis fully permitted for exploration drilling and hosts 10 historicmineralized zones with significant expansion potential plus new,untested targets ready for further exploration. Total Metals alsoowns 100% of the HighLake and West Hawk Lake projects located along theTrans-Canada Highway straddling the Manitoba / Ontario border. ThePurex Zone on the HighLake project has significant explorationpotential and will be the primary target for initial exploration andpotential future mining activities. The West Hawk Lake project is comprised of 23 mining claims totalling 336hectares, located within Southeastern Manitoba.

www.totalmetalscorp.com

Cautionary Statements

Neither the TSX Venture Exchange nor its RegulationServices Provider (as that term is defined in its policies of the TSXVenture Exchange) accepts responsibility for the adequacy of thisrelease.

Tyler Thorburn

President and Chief Executive Officer

info@totalmetalscorp.com

(416) 873-7662

Forward-Looking Information

This press release includes “forward-lookinginformation” that is subject to assumptions, risks anduncertainties, many of which are beyond the control of the Company.Statements in this news release which are not purely historical areforward looking.  Although the Company believes that anyforward-looking statements in this news release are reasonable, therecan be no assurance that any such forward-looking statements willprove to be accurate. The Company cautions readers that allforward-looking statements, are based on assumptions none of which canbe assured and are subject to certain risks and uncertainties thatcould cause actual events or results to differ materially from thoseindicated in the forward-looking statements. Such forward-lookingstatements represent management’s best judgment based on informationcurrently available. Readers are advised to rely on their ownevaluation of such risks and uncertainties and should not place unduereliance on forward-looking statements.

The forward-looking statements and informationcontained in this news release are made as of the date hereof and noundertaking is given to update publicly or revise any forward-lookingstatements or information, whether as a result of new information,future events or otherwise, unless so required by applicablesecurities laws or the TSX-V. The forward-looking statements orinformation contained in this news release are expressly qualified bythis cautionary statement.

Copyright (c) 2025 TheNewswire - All rights reserved.

WASHINGTON (dpa-AFX) - Gold prices inched higher on Monday as the dollar softened on rate cut expectations.

Bullion is also benefiting from data released on Sunday that showed China's central bank added to its reserves for a 13th straight month in November.

Spot gold edged up by 0.3 percent to $4,210.59 per ounce while U.S. gold futures were down 0.2 percent at $4,236.25.

The dollar index hovered near a one-month low after two straight weeks of declines.

This week's U.S. economic calendar remains light, with the delayed JOLTS report, weekly jobless claims figures and the employment cost index likely to be in the spotlight.

The Federal Reserve is widely expected to cut rates by a quarter point on Wednesday and remarks from Fed Chair Jerome Powell at the post-meeting press conference could shed light on the U.S. central bank's plans for 2026.

Besides the Fed rate decision, the Bank of Canada, Swiss National Bank and Reserve Bank of Australia will announce their monetary policy decisions this week.

The auction of $58 billion in three-year notes, $39 billion in 10-year notes and $22 billion in 30-year bonds are slated to begin today, a day earlier than usual to avoid coinciding with the Fed announcement.

Copyright(c) 2025 RTTNews.com. All Rights Reserved

Copyright RTT News/dpa-AFX

Palm oil closed lower, likely dragged by lingering concerns over rising Malaysian inventories amid a seasonal demand slowdown, Kenanga Futures said in a note. Potential profit-taking after a recent rally may have also weighed on CPO prices, it added. Kenanga Futures pegs support and resistance for the February futures contract at 4,080 ringgit a ton and 4,195 ringgit a ton, respectively. The Bursa Malaysia Derivatives contract for February delivery closed 58 ringgit lower at 4,094 ringgit a ton. (amanda.lee@wsj.com)

WASHINGTON (dpa-AFX) - Oil prices dipped on Monday but held near two-week highs after U.S.-Russia talks failed to find a breakthrough.

Investors also expect a Federal Reserve rate cut on Wednesday could help boost economic growth and energy demand.

Benchmark Brent crude futures slipped 0.3 percent to $63.54 a barrel while WTI crude futures were down 0.3 percent at $59.91.

Both benchmarks settled on Friday at their strongest levels since November 18 as geopolitical risks threatened crude supplies from Russia and Venezuela.

As U.S.-Ukraine peace talks stall, U.S. President Donald Trump signaled frustration with Kyiv's response to recent diplomatic outreach.

On Sunday, Trump said, 'I have to say that I'm a little bit disappointed that President Zelensky hasn't yet read the peace proposal' to end the Ukraine-Russia war.

Trump's eldest son suggested that the president would abandon Ukraine if they don't make peace with Russia.

Speaking at the Doha Forum, Donald Trump Jr. claimed Ukraine was 'a far more corrupt country than Russia' and described Ukrainian President Volodymyr Zelensky as 'one of the great marketers of all time.'

Meanwhile, Reuters reported that the Group of Seven countries and the European Union are considering replacing the oil price cap on Russian oil exports with a full ban on maritime services, which would likely further curb supply from the world's second-largest oil producer.

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Gold's outlook for 2026 is likely defined by ongoing geoeconomic uncertainty, the World Gold Council says in a research note. Unexpected events, such as Trump's Liberation Day tariffs this year, are impossible to anticipate, they note, adding that the frequency of tail risk events is on the rise. The trade association thinks the forces of softer economic growth, accommodative policy and persistent geopolitical risks could support gold rather than undermine it. Investors will likely maintain some exposure to gold given the unpredictability of current geoeconomic dynamics. "In a world where shocks and surprises are increasingly the norm, gold's capacity to provide diversification and downside protection remains as relevant as ever," it adds. (sherry.qin@wsj.com)