Global Energy Metals’ Joint Venture Partner Kingsrose Mining Continues to Intercept New Zones of Nickel-Copper Mineralisation at the Råna Project, Norway

GLOBAL ENERGY METALS’ JOINT VENTURE PARTNER KINGSROSE MINING

CONTINUES TO INTERCEPT NEW ZONES OF NICKEL-COPPER MINERALISATION AT

THE RÅNA PROJECT, NORWAY

Vancouver, BC / TheNewswire / December 18, 2024 / Global Energy Metals Corpora Won

TSXV:GEMC | OTCQB:GBLEF | FSE:5GE1 (“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 clean energy, is pleased to report that all analy’cal results have been received from

the 2024 core drilling programme at the joint venture partnered Råna Nickel-Copper-Cobalt

project (“Råna), where a total of 706 metres was drilled across three holes at the Rånbogen

prospect. (Figures 1 to 4, Tables 1 and 2).

GEMC has a 10% ownership of Narvik Nikel, a Norwegian holding company which holds an 100%

interest in Råna. GEMC also has an 1% NSR royalty on Råna. Kingsrose Mining Limited (ASX:

KRM) (“Kingsrose”) is earning up to an 80% interest in Råna by spending $15 million in project

expenditures on the project.

Highlights

• Drilling tested a previously undrilled zone of outcropping massive sulphide located 600 metres

northwest of the massive sulphide zone intercepted at Rånbogen in 2023 which returned 26.2

metres at 0.7% Ni, 0.2% Cu and 0.06% Co from 169.0 metres (see news release dated 23

October 2023).

• Two holes intercepted broad intervals of disseminated to net-textured sulphide mineralisa’on

demonstra’ng the presence of high nickel tenors, returning a maximum grade of 1.6% Ni, 0.2%

Cu, 0.15% Co (interval length 0.64m, hole 24RAN010, Figure 1):

o Hole 24RAN009 intercepted 13.8 metres at 0.4% Ni, 0.1% Cu, 0.04% Co from 143

metres (Figure 3).

o Hole 24RAN010 intercepted two zones of mineralisa’on:

•15.7 metres at 0.3% Ni, 0.1% Cu, 0.02% Co from 143 metres; and

•15.8 metres at 0.5% Ni, 0.1% Cu, 0.06% Co from 165.2 metres (Figure 4).

• Explora’on has demonstrated nickel-copper-cobalt sulphide mineralising processes have

occurred in mul’ple ‘stacked’ zones throughout the 10-kilometre diameter Råna intrusion,

indica’ng a large search-space for future discovery (Figure 5).

•Due to current nickel market condi’ons, limited explora’on work is currently planned for

2025 to reduce expenditure and allow for Kingsrose to consider how best to advance the Råna

project.

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Andrew Tunningley, Kingsrose’s Head of ExploraWon, commented:

“The 2024 drilling program has again discovered a new zone of broad near surface

mineralisa:on associated with a large scale conduc:ve geophysical anomaly. Coupled with the

reconnaissance program results announced 16 September 2024, it remains clear that Råna is

prospec:ve for polymetallic base metal sulphide mineraliza:on within a large scale intrusive

system, and we consider this project to remain underexplored.”

Figure 1: Massive pyrrho:te-pentlandite-chalcopyrite with rounded clasts of entrained norite,

from a 0.64 m sample that returned 1.6% Ni, 0.2% Cu, 0.15% Co, 179.50 m, 24RAN010. NQ

diameter drill core.

Table 1: Drill collar details for reported drill holes, Råna Project, Norway

Table 2: Significant Intercepts for reported holes, Råna Project, Norway

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Figure 2: Map showing reported drill holes, geology, MT conduc:ve anomalies, modelled EM

plates and rock chips at the Rånbogen Prospect, Råna Project. Holes released in this

announcement are labelled in bold.

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Figure 3: Cross sec:on of holes 24RAN008 and -009, Rånbogen Prospect

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Figure 4: Cross sec:on of holes 24RAN010, Rånbogen Prospect

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Figure 5. Upper: Long sec:on of the Råna intrusion with prospect loca:on. Lower: Schema:c

diagram showing idealised intrusion hosted Ni-Cu-Co sulphide system and features observed at

Råna. Figure a]er Barnes et. al., 2016. The mineral system approach applied to magma:c Ni–

Cu–PGE sulphide deposits. Ore Geology Reviews, 76, 296-316.

Qualified Person

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

Instrument 43-101 - Standards of Disclosure for Mineral Projects. He is a shareholder and

Director of the Company.

About Kingsrose Mining

Kingsrose Mining Limited is a leading sustainability-conscious and technically proficient mineral

explora’on company listed on the ASX. The Company has a discovery-focused strategy, targe’ng

the acquisi’on and explora’on of cri’cal mineral deposits, that has resulted in the acquisi’on

of, or joint venture into, the Råna nickel-copper-cobalt and Penikat PGE projects in Finland and

Norway. Addi’onally, Kingsrose was selected for the first cohort of the BHP Xplor explora’on

accelerator program which commenced in January 2023 and was extended into two explora’on

Alliances.

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For Further InformaWon:

Global Energy Metals Corpora’on

#1501-128 West Pender Street

Vancouver, BC, V6B 1R8

Email: [email protected]

t. + 1 (604) 688-4219

www.globalenergymetals.com

Twiper: @EnergyMetals | @USBaperyMetals | @ElementMinerals

Global Energy Metals CorporaWon

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

Global Energy Metals Corp. offers investment exposure to the growing rechargeable bacery and

electric vehicle market by building a diversified global pordolio of explora:on and growth-stage

bacery mineral assets.

Global Energy Metals recognizes that the prolifera:on and growth of the electrified economy in

the coming decades is underpinned by the availability of bacery metals, including cobalt, nickel,

copper, lithium and other raw materials. To be part of the solu :on and respond to this

electrifica:on movement, Global Energy Metals has taken a ‘consolidate, partner and invest’

approach and in doing so have assembled and are advancing a por dolio of strategically

significant investments in bacery metal resources.

As demonstrated with the Company’s current copper, nickel and cobalt projects in Canada,

Australia, Norway and the United States, GEMC is inves :ng-in, exploring and developing

prospec:ve, scaleable assets in established mining and processing jurisdic:ons in close proximity

to end-use markets. Global Energy Metals is targe:ng projects with low logis:cs and processing

risks, so that they can be fast tracked to enter the supply chain in this cycle. The Company is also

collabora:ng with industry peers to strengthen its exposure to these cri:cal commodi:es and

the associated technologies required for a cleaner future.

Securing exposure to these cri :cal minerals powering the eMobility revolu :on is a

genera:onal investment opportunity. Global Energy Metals believes Now is the Time to be part

of this electrifica:on movement.

CauWonary Statement on Forward-Looking InformaWon:

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, Metal Bank undertakes no obliga:on to

update these forward-looking statements in the event that management’s beliefs, es:mates or

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opinions, or other factors, should change.

GEMC’s opera:ons could be significantly adversely affected by the effects of a widespread

global outbreak of a contagious disease, including the recent outbreak of illness caused by

COVID-19. It is not possible to accurately predict the impact COVID-19 will have on opera:ons

and the ability of others to meet their obliga :ons, including uncertain:es rela:ng to the

ul:mate geographic spread of the virus, the severity of the disease, the dura :on of the

outbreak, and the length of travel and quaran :ne restric:ons imposed by governments of

affected countries. In addi:on, a significant outbreak of contagious diseases in the human

popula:on could result in a widespread health crisis that could adversely affect the economies

and financial markets of many countries, resul:ng in an economic downturn that could further

affect opera:ons and the ability to finance its opera:ons.

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

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

release.

We seek safe harbour.