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November 3, 2025

McFarlane Lake Mining Closes Sale of High Lake and West Hawk Lake Properties for $9.25 Million

McFarlane Lake Mining Limited (CSE: MLM, OTC: MLMLF) (“McFarlane”) has announced that it closed the sale of its High Lake and West Hawk Lake properties to Total Metals Corp. for total consideration of $9.25 million, comprised of $7.25 million in cash and 3,333,333 common shares of Total Metals Corp., issued at a deemed price of $0.60 per share.

Wildeboer Dellelce LLP acted as legal counsel to McFarlane in connection with the transaction, with a team led by Perry Dellelce, Niall Sweeney, Brett Varrin, and Jordan Stewart-Kuppek (M&A and Corporate/Securities), and including Marija Tasevska (Tax) and Paul De Francesca and Faye Arellano (Real Estate).