Global Energy Metals Reports Significant Near-Surface Graphite at Millennium Project

GLOBAL ENERGY METALS REPORTS SIGNIFICANT NEAR-SURFACE GRAPHITE AT

MILLENNIUM PROJECT

Vancouver, BC / TheNewswire / February 24, 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 report signi ficant new Total Graphi’c

Carbon (“TGC”) assay results reported by joint venture opera ’ng partner Metal Bank Ltd.,

(“Metal Bank” and/or “MBK”) from four diamond drill holes completed in December 2025 at the

Millennium Copper-Cobalt-Gold project near Cloncurry, Queensland, Australia.

The Millennium Project is a cornerstone asset within Global Energy’s baTery and cri’cal mineral

porUolio, with graphite now emerging as a poten’al value-enhancing byproduct alongside the

exis’ng copper-cobalt-gold resource. Global Energy holds a 49% interest in Millennium and is

fully carried on explora’on spend as part of Metal Bank’s earn-in for 80% of Millennium.

Highlights:

•High-grade near-surface graphite intersected in recent drilling

•Diamond drill core results include:

•MI25DD03:

•13.1m @ 12.23% TGC from 1m

•3.7m @ 18.49% TGC from 38.64m

•49.11m @ 8.44% TGC (including 10.4m @ 13.83% TGC and 7.38m @ 10.59% TGC)

•MI25DD04:

•14.3m @ 8.68% TGC from surface (including 3.5m @ 15.52% TGC)

•3.7m @ 22.19% TGC from 45.8m

•30.85m @ 14.11% TGC from 60.4m

•Millennium holds a JORC 2012 Mineral Resource Es Pmate (“MRE”) of 8.4Mt @ 0.09% Co,

0.29% Cu and 0.12g/t Au for a 1.23% CuEq* on an Inferred basis (the “Resource”) covering 5

granted mining leases near Cloncurry, NW QLD.

•Drill results provide addiPonal strong support for thick conPnuous graphite mineralisaPon

along >2km strike located ~50m west of and parallel to Millennium Co-Cu-Au resource

•Drilling and assaying was majority funded under a Queensland Government Collabora Pve

ExploraPon IniPaPve (CEI) grant, demonstraPng strong government support.

•Preliminary metallurgical work on graphite samples is now underway.

*CuEq = Cu% +(Co% x 9.16) + (Au g/t x 0.678) using long term metal prices of Cu: US$3.50/lb

($7,716/t); Co:US$32.00/lb ($70,547.84/t); Au:US$1,900/oz; Cu recovery=95.1%; Co

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recovery=95.3%; Au recovery=81.4%; Cu payability=80%; Co payability = 80%; Au payability =

80%

Drilling has confirmed thick, near-surface graphite mineralisa’on, highlighted by 13.1m @

12.23% TGC from 1m in MI25DD03 and 30.85m @ 14.11% TGC from 60.4m in MI25DD04. The

graphite zones occur adjacent to the exis’ng Millennium pit design for the exis’ng Co-Cu-Au

Inferred Resource and, when combined with drilling completed in 2024, support the

interpreta’on of laterally con’nuous mineralisa’on extending over more than 2km of strike.

The mineralisa’on remains open in all direc ’ons and, given its shallow posi ’on, presents

poten’al low-strip ra’o development opportuni’es, subject to further drilling and metallurgical

assessment.

Figure 1: Millennium graphite plan overview showing 2023 Co-Cu-Au MRE outline, graphite

extent, drilling to date and notable graphite results.

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Figure 2: MI25DD03 7722950N secPon showing simplified lithology, drill traces and results,

Millennium mineralised structure, 2023 Co-Cu-Au MRE block model and scoping study pit shell.

Graphite Drilling Program Summary

Four HQ diamond drill holes (MI25DD01–04) for a total of 462.8m were completed in December

2025 (Figure 1), following the 2024 iden ’fica’on of substan’al hanging wall graphite

mineralisa’on extending over approximately 2km of strike adjacent to the Millennium Co-Cu-Au

JORC 2012 Mineral Resource Es’mate (MRE) of 8.4Mt @ 1.23% CuEq on an Inferred basis.

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Drilling targeted a 750m strike of limited prior work within the graphite mineralised zone

directly adjacent to the 2023 op’mised pit shell models of the Co-Cu-Au MRE. All holes were

oriented west–east and drilled perpendicular to the dominant stra’graphy, to maximise true

width intersec’ons.

The program was majority funded under a Queensland Government CEI grant (up to $275,000

including GST), with the key objec ’ves to beTer define the distribu’on, con’nuity and

characteris’cs of graphite mineralisa’on, together with resampling of historical core related to

the Co-Cu-Au deposit for graphite and preliminary metallurgical assessment.

MI25DD01 intersected predominantly mafic to ultramafic units, with only a narrow graphi’c

interval returning 1.1m @ 6.22% TGC from 99.4m. MI25DD02 intersected mul ’ple

carbonaceous to graphi’c metasedimentary units interbedded with ma fic and calc-silicate

lithologies, returning 12.1m @ 8.19% TGC from 83.9m within broader lower-grade graphi ’c

intervals.

MI25DD03 (Figures 1-3) intersected several thick graphi’c units near surface, returning:

•13.1m @ 12.23% TGC from 1m

•3.7m @ 18.49% TGC from 38.6m, and

•49.11m @ 8.44% TGC from 51.27m, including 10.4m @ 13.83% TGC from 55.6m and 7.38m @

10.59% TGC from 93m

Figure 3: Example graphite development in coherent carbonaceous metasiltstone/shale

(MI25DD03, 71.7m).

MI25DD04 (Figures 1, 4-5) intersected strongly graphi ’c units from surface progressing to

intercalated graphi’c metasediments, quartz veining and minor mafic volcanics before a highly

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graphi’c zone from 45.8 to 49.5m corresponding to a strongly graphi’c metasedimentary unit

between mafic/ultramafic intrusives. Thick graphi’c metasediments were also intersected from

60.4m to 91.25m before calcsilicates, mafic and minor carbonaceous/graphi’c units to end of

hole.

Results from MI25DD04 included:

•14.3m @ 8.68% TGC from surface, including 3.5m @ 15.52% TGC from surface

•3.7m @ 22.19% TGC from 45.8m, and

•30.85m @ 14.11% TGC from 60.4m

A full summary of results is provided in Table 1.

Table 1: Millennium 2025 graphite drilling results, MI25DD01-04.

Preliminary observa’ons indicate that graphite mineralisa’on at Millennium is fine-grained and

interpreted to have formed through metamorphic upgrading of carbonaceous siltstones. The

distribu’on and local enrichment of graphite appear to be in fluenced by proximity to mafic

units, poten’ally reflec’ng thermal effects, competency contrasts and structural remobilisa’on.

Subject to metallurgical confirma’on, these observa’ons will assist in refining future graphite

targe’ng.

Approximately 2km in strike of prospec ’ve lithologies remain open to the west of the

Millennium Co-Cu-Au resource, graphite is known within the footwall and core of the

Millennium Structure, and graphite mineralisa’on is considered amenable to IP and resis’vity

geophysical methods in areas of limited surface exposure providing an effec’ve drill targe’ng

tool.

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Figure 4: MI25DD04 7722750N secPon showing simplified lithology, drill traces and results,

Millennium mineralised structure, 2023 Co-Cu-Au MRE block model and scoping study pit shell

Next Steps

Planned work programs include:

•Ongoing preliminary metallurgical tes’ng of graphite mineralisa’on

•Resampling of historical core for graphite analysis

•Addi’onal drilling to define con’nuity and scale

•Advancement of mining lease applica’ons

•Con’nued development planning for integrated mul’-commodity produc’on

Further updates will be provided as results become available.

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Figure 5: High grade graphiPc metasediment zone returning 3.7m @ 22.19% TGC (MI25DD04,

45.8-49.5m).

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.

For Further InformaOon:

Global Energy Metals Corpora’on

Email: [email protected]

t. + 1 (604) 688-4219

www.globalenergymetals.com

TwiTer: @EnergyMetals | @USBaTeryMetals | @ElementMinerals

Global Energy Metals CorporaOon

(TSXV:GEMC | OTCQB:GBLEF | FSE:5GE1)

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

energy market through the development of a diversified, global poroolio of exploraPon and

growth-stage criPcal mineral assets.

The Company recognizes that the accelera Png electrificaPon of the global economy is

fundamentally dependent on the secure supply of criPcal bapery metals, including cobalt, nickel,

copper, lithium and other essenPal raw materials. To help address this challenge and parPcipate

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

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

significant bapery metal investments.

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

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

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prospecPve, scalable assets located in established mining and processing jurisdicPons, oqen in

close proximity to end-use markets. The Company prioriPzes projects with low logisPcal and

processing risk, posiPoning them for accelerated development and poten Pal entry into the

bapery supply chain within the current cycle.

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

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

Securing exposure to the minerals that power the eMobility revoluPon represents a generaPonal

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

electrificaPon movement.

CauOonary Statement on Forward-Looking InformaOon:

Certain informaPon in this release may consPtute forward-looking statements under applicable

securiPes laws and necessarily involve risks associated with regulatory approvals and Pmelines.

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

statements are based on reasonable assumpPons, 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

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

esPmates or opinions, or other factors, should change.

For more informaPon 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 RegulaPon 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.