Global Energy Metals Enters into Option Agreement to Advance the Monument PEAK Silver Copper GOLD Project, Idaho

GLOBAL ENERGY METALS ENTERS INTO OPTION AGREEMENT TO ADVANCE THE

MONUMENT PEAK SILVER COPPER GOLD PROJECT, IDAHO

Vancouver, BC / TheNewswire / April 29, 2026 / Global Energy Metals Corpora Oon

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, is pleased to announce that it, amongst others,

(collec’vely with GEMC, the “Op’onors”) has entered into an arm’s length op’on agreement

dated April 24, 2026 (the “Op’on Agreement”) with Grounded People Apparel Inc. traded on

the CSE under symbol SHOE (the “Op’onee” and/or “Grounded”), to advance explora’on and

development at the Company’s 50% owned Monument Peak silver–copper–gold project (the

“Monument Peak Project” or the “Project”) located in Lemhi County, Idaho, USA.

Pursuant to the Op’on Agreement, the Op’onee has been granted a mul’-stage op’on over a

four-year term to acquire the Op’onor’s 100% interest in the Monument Peak Project, subject

to a 1.0% net smelter returns royalty (the “NSR Royalty”) retained by the Company. As

considera’on for vending its interest in the Monument Peak Project, Global Energy Metals will

be en’tled to receive $650,000 in cash and $750,000 in common shares of Grounded People

Apparel Inc. in staged payments and issuances, in addi ’on to a minimum of $250,000 in

explora’on expenditures to be incurred by the Op ’onee within the first year . The Op’on

Agreement also provides the Op’onee the right to purchase one-half of the original NSR

Royalty held by GEMC (the “Buy Back Right”) for cash considera’on of $1,000,000 payable to

GEMC, if exercised prior to the fi_h anniversary of the effec’ve date of the Op’on Agreement

(the “Effec’ve Date”) and for $2,000,000 payable to GEMC, if exercised on or a _er the fi_h

anniversary of the Effec’ve Date. No finder’s fees were paid in associa’on with this transac’on.

The proposed transac’on is expected to provide Global Energy Metals with non-dilu ’ve

exposure to explora’on success at Monument Peak through a combina’on of cash payments,

equity considera’on, explora’on expenditures, and a retained royalty interest.

Proposed TransacOon Highlights

• Four-Year Earn-In Structure: The Op:onee may earn a 100% interest in the Monument

Peak Project held by the Op:onors through staged cash payments, equity issuances, and

explora:on commitments over a four-year period.

• Retained Royalty: GEMC will retain a 1.0% NSR Royalty on the Project upon exercise of

the op:on subject to a buy back right.

- -2

• Non-Dilu8ve Considera8on: The structure provides exposure to Project upside through

cash, equity par:cipa:on, and explora:on funding without shareholder dilu:on at the

Company level.

• Investor Rights Agreement: Following the Closing Date, the Company will enter into an

investor rights agreement to formalize its strategic investment by securing the right to

appoint a nominee to the Op :onee’s board of directors, thereby ensuring ongoing

oversight, alignment on key decisions, and the ability to ac :vely contribute to the

Op:onee’s growth and governance.

Mitchell Smith, President and CEO, Director commented:

“This agreement represents a strategic step forward for Global Energy Metals as we con:nue to

unlock value from our project por Tolio while maintaining disciplined capital alloca :on. By

partnering with Grounded People Apparel, we gain meaningful, non-dilu :ve exposure to the

explora:on and development upside at Monument Peak through a combina:on of cash, equity

par:cipa:on and a retained royalty. Importantly, this structure allows us to bene fit from

poten:al discovery success while preserving our balance sheet and focusing on advancing our

broader baXery metals strategy. We are also encouraged by the poten :al to consolidate

ownership at the project level, which we believe could further enhance Monument Peak’s long-

term development pathway.”

Monument Peak Project

The Monument Peak Project is a district-scale silver–copper–gold explora’on asset located in a

mining-friendly jurisdic’on in Idaho, USA. The Project comprises a large land package of

unpatented mining claims prospec’ve for polymetallic mineraliza’on. For more informa’on on

Monument Peak please refer to the linked corporate website and associated NI 43-101 Technical

Report published for the project.

Qualified Person

Mr . Paul Sarjeant, P . Geo., the quali fied person for this release as de fined by Na’onal

Instrument 43-101 - Standards of Disclosure for Mineral Projects, has reviewed and approved

this news release. He is a shareholder and Director of the Company.

About Global Energy Metals CorporaOon

(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 porTolio of explora:on and

growth-stage cri:cal mineral assets.

The Company recognizes that the accelera :ng electrifica:on of the global economy is

fundamentally dependent on the secure supply of cri:cal baXery metals, including cobalt, nickel,

copper, lithium and other essen:al raw materials. To help address this challenge and par:cipate

meaningfully in the electrifica:on movement, Global Energy Metals has adopted a disciplined

- -3

consolidate, partner and invest strategy, assembling and advancing a porTolio of strategically

significant baXery metal investments.

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

Norway and the United States, Global Energy Metals is inves:ng in, exploring and developing

prospec:ve, scalable assets located in established mining and processing jurisdic:ons, o^en in

close proximity to end-use markets. The Company priori:zes projects with low logis:cal and

processing risk, posi:oning them for accelerated development and poten :al entry into the

baXery supply chain within the current cycle.

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

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

Securing exposure to the minerals that power the eMobility revolu:on represents a genera:onal

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

electrifica:on movement.

On Behalf of the Board of Directors

“Mitchell Smith”

Chief Execu’ve Officer & Director

For Further InformaOon:

Global Energy Metals Corpora’on

Email: [email protected]

t. + 1 (604) 688-4219

www.globalenergymetals.com

Twimer: @EnergyMetals | @USBameryMetals | @ElementMinerals

CauOonary Statement on Forward-Looking InformaOon:

Certain informa:on in this release may cons:tute forward-looking statements under applicable

securi:es laws and necessarily involve risks associated with regulatory approvals and :melines.

Although Global Energy Metals believes the expecta:ons expressed in such forward-looking

statements are based on reasonable assump:ons, 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

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

es:mates or opinions, or other factors, should change.

For more informa:on 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 Regula:on Services Provider (as that term is defined in the

- -4

policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this

release.

We seek safe harbour.