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GBML.V ·

Global Battery Metals Comments on Market Trading Activity

Company Commentary

1

NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES

OR DISSEMINATION IN THE UNITED STATES

Global Battery Metals Comments on Market Trading Activity

February 2, 2021, Vancouver, British Columbia – Global Battery Metals Ltd. (the “Company” or “GBML”) (TSXV:

GBML; OTCQB: REZZF; Frankfurt: REZ) At the request of IIROC, the Company wishes to report that it is not aware

of any corporate developments or other reason for the recent increase in market activity, and there has been no

material change or information to report under applicable securities laws that would account for recent trading

activity in its common shares.

About Global Battery Metals Ltd.

GBML is a mineral exploration company with a focus on metals that make up and support the rapid evolution to

battery power. GBML's common shares are listed on the TSX Venture Exchange, OTCBB and Frankfurt. GBML

currently has two projects: (1) an option to acquire up to 90 per cent of the North-West Leinster lithium property

in Ireland, and (2) a 55% stake in Peru-based Lara copper property, which has over 10,000 metres of drilling. As

previously disclosed, Minsur S.A., a Peruvian mining company, entered into an option agreement with GBML and

Lara Exploration Ltd. to acquire the Lara property for staged payments of US $5.75 million. GBML will retain a

0.75% net smelter royalty.

Michael Murphy BA, MBA, MSc., ICD

President & CEO

E: [email protected]

P: 604-649-2350

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.