The Company's CEO, Caitlin Jeffs, commented: "We are excited to be a part of what potentially can be a game changing discovery for Quebec and Canada. Renewable, natural hydrogen can help Canada become a green energy superpower."

The Company's CEO further commented, "We are focused on Copper, Hydrogen, and other elements that are essential for the sustainable economy driven by AI and clean energy. Our focus is exploration and advancing these projects forward."

Private placement offering

In addition, Red Metal , announces a non-brokered private placement offering for gross proceeds of up to C$840,000 for an aggregate of up to 9,750,000 units (the "Offering"). The Offering is a combination of flow-through units and non-flow-through units.

The Company intends to raise up to $300,000 issuing an aggregate of up to 3,000,000 flow-through units at a price of C$0.10 per flow-though unit (the "FT Units"). Each FT Unit shall be comprised of one common share of the Company to be issued as a "flow-through share" within the meaning of the Income Tax Act (Canada) (each, a "FT Share") and one half of one common share purchase warrant (each full warrant, a "Warrant"). Each Warrant shall be exercisable into one common share of the Company (each, a "Warrant Share") at a price of C$0.12 at any time on or before the date which is 18 months after the closing date of the Offering.

The Company intends to raise up to $540,000 issuing an aggregate of up to 6,750,000 non-flow-through units at a price of $0.08 per non-flow-through unit (the "Non FT Units"). Each Non FT Unit shall be comprised of one common share in the capital of the Company (each a "Common Share") and one half of one Common Share purchase warrant (each a "Warrant"). Each whole Warrant shall be exercisable into one Common Share at a price of C$0.12 at any time on or before the date which is 18 months after the closing date of the Offering.

The FT Units and Non FT Units shall be collectively referred to as the "Offered Securities". Management of the Company reserves the right to amend the final allocation of the Flow-Through Component and the Non-Flow Through Component under the Offering.

The Company may pay finder's fees on a portion of the Offering of up to 10% of the aggregate gross proceeds raised and finder's warrants in an amount equal to up to 10% of the number of units issued pursuant to the offering, exercisable at a price of $0.12 per common share for a period of 18 months following the closing date of the Offering. The finder's fees shall be paid in accordance with applicable securities laws and the policies of the Canadian Securities Exchange.

The Company intends to use the proceeds from the sale of the Non FT Units to finance general working capital requirements and exploration on its Chilean Carrizal Property. The proceeds from the sale of FT Units will be used for the exploration of the Company's newly acquired properties in the Quebec region and any further projects acquired in the area, which will qualify as "Canadian exploration expenses" as defined in subsection 66.1(6) of the Income Tax Act and "flow through mining expenditures" as defined in subsection 127(9) of the Income Tax Act. The Offering is subject to certain conditions, including, but not limited to, the receipt of all necessary approvals, including the approval of the Canadian Securities Exchange. The Offering is being made by way of private placement in Canada and such other jurisdictions as the Company may determine. The Company intends to renounce the Qualifying Expenditures to subscribers of FT Units for the calendar year ended December 31, 2024, and to incur the necessary Qualifying Expenditures on or before December 31, 2025, in accordance with regulatory requirements.

All securities to be issued under the Offering will be subject to a four-month-and-one-day hold period in accordance with applicable Canadian securities laws.

About Red Metal Resources Ltd.

Red Metal Resources is a mineral exploration company focused on growth through acquiring, exploring and developing clean energy and strategic minerals projects. The Company's current portfolio include the 100% owned Ville Marie claims in Quebec, Canada as well as Company's Chilean projects which are located in the prolific Candelaria iron oxide copper-gold (IOCG) belt of Chile's coastal Cordillera. Red Metal is quoted on the Canadian Securities Exchange under the symbol RMES, on OTC Link alternative trading system on the OTC Pink marketplace under the symbol RMESF and on the Frankfurt Stock Exchange under the symbol I660.

For more information, visit www.redmetalresources.com.

South Australia Begins Multi-Million Dollar Green Hydrogen Export Project to Indonesia