Global Energy Metals and Zimtu Capital Corp . Agree to Terminate Option Agreement FOR the Monument PEAK Project, Idaho

GLOBAL ENERGY METALS AND ZIMTU CAPITAL CORP . AGREE TO TERMINATE

OPTION AGREEMENT FOR THE MONUMENT PEAK PROJECT, IDAHO

Vancouver, BC / TheNewswire / April 21, 2026 / Global Energy Metals Corpora Ron

TSXV:GEMC | OTC:GBLEF | FSE:5GE2 (“Global Energy Metals” , the “Company” and/or

“GEMC”), a mul’-jurisdic’onal, mul’-commodity cri’cal mineral explora’on, development and

project genera’ng company focused on growth-oriented projects suppor ’ng the global

transi’on to the new energy economy, announces that it has mutually agreed with Zimtu

Capital Corp. (“Zimtu”) to terminate the mineral property op’on agreement dated January 12,

2026 (the “Op’on Agreement”), as announced on January 14, 2026.

The Op’on Agreement has been terminated pursuant to a mutual termina ’on and release

agreement entered into between the par’es. The decision to terminate the Op’on Agreement

was made as part of each party’s ongoing review of strategic priori’es and opportuni’es, and as

a result, the transac’ons contemplated under the Op’on Agreement will not proceed.

The Company confirms that no shares were issued, no cash or other considera’on was paid,

and the op’on was not exercised pursuant to the Op’on Agreement. Accordingly, no interest in

the Monument Peak project was transferred.

For Further InformaRon:

Global Energy Metals Corpora’on

Email: [email protected]

t. + 1 (604) 688-4219

www.globalenergymetals.com

TwiXer: @EnergyMetals | @USBaXeryMetals | @ElementMinerals

Global Energy Metals CorporaRon

(TSXV:GEMC | OTC:GBLEF | FSE:5GE2)

Global Energy Metals Corp. provides investors with direct exposure to the rapidly expanding new

energy market through the development of a diversified, global por@olio of exploraAon and

growth-stage criAcal mineral assets.

The Company recognizes that the accelera Ang electrificaAon of the global economy is

fundamentally dependent on the secure supply of criAcal baEery metals, including cobalt, nickel,

copper, lithium and other essenAal raw materials. To help address this challenge and parAcipate

meaningfully in the electrificaAon movement, Global Energy Metals has adopted a disciplined

consolidate, partner and invest strategy, assembling and advancing a por@olio of strategically

significant baEery metal investments.

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Through its copper, nickel, cobalt, silver, lithium and uranium projects in Canada, Australia,

Norway and the United States, Global Energy Metals is invesAng in, exploring and developing

prospecAve, scalable assets located in established mining and processing jurisdicAons, oKen in

close proximity to end-use markets. The Company prioriAzes projects with low logisAcal and

processing risk, posiAoning them for accelerated development and poten Aal entry into the

baEery supply chain within the current cycle.

Global Energy Metals also collaborates with industry peers to enhance its exposure to cri Acal

minerals and the technologies required to support a cleaner, more sustainable future.

Securing exposure to the minerals that power the eMobility revoluAon represents a generaAonal

investment opportunity. Global Energy Metals believes now is the Ame to be part of the

electrificaAon movement.

CauRonary Statement on Forward-Looking InformaRon:

Certain informaAon in this release may consAtute forward-looking statements under applicable

securiAes laws and necessarily involve risks associated with regulatory approvals and Amelines.

Although Global Energy Metals believes the expectaAons expressed in such forward-looking

statements are based on reasonable assumpAons, such statements are not guarantees of future

performance and actual results or developments may di ffer materially from those in the

forward-looking statements. Except as required by law, Global Energy metals undertakes no

obligaAon to update these forward-looking statements in the event that management’s beliefs,

esAmates or opinions, or other factors, should change.

For more informaAon on Global Energy and the risks and challenges of their businesses,

investors should review the filings that are available at www.sedar.com.

Neither TSX Venture Exchange nor its RegulaAon 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.

We seek safe harbour.