GEMC.V · 2022-11-23 12:00:00

Powered BY Cobalt … Driven BY Demand Global Energy Metals Assays up to 36% Copper from Sampling Program at the Treasure Box Project; Confirms Mineralization Within Targets Identified Using Earthlabs’ AI and Machine Learning Technology

Drill Results Exploration Programs

TSX.V GEMC

www.globalenergymetals.com

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TwiGer @EnergyMetals

GLOBAL ENERGY METALS ASSAYS UP TO 36% COPPER FROM

SAMPLING PROGRAM AT THE TREASURE BOX PROJECT;

CONFIRMS MINERALIZATION WITHIN TARGETS IDENTIFIED USING

EARTHLABS’ AI AND MACHINE LEARNING TECHNOLOGY

Vancouver, BC / TheNewswire / November 23, 2022 / Global Energy Metals

CorporaWon TSXV:GEMC | OTCQB:GBLEF | FSE:5GE1 (“Global Energy

Metals” , the “Company” and/or “GEMC”), a company involved in investment

exposure to the baGery metals supply chain, is pleased to provide a key

update from its Nevada, USA based Treasure Box project (“Treasure Box” and/

or the “Project”).

Figure 1: Photo depic1ng historical workings situated on the unconformity

between the Jmv basalts and the overlying Tv rhyolites. Subcropping CuOx

zone presumed to be located below the red oxidized leach cap.

Highlights

•Prospec1ng and sampling program for the Project now complete

•Assay results from the program highlight the prevalence of copper

mineraliza1on, with localized high-grade silver.

•Assays included 36.4% Copper, 176g/t Silver, and 1.325g/t Gold

•Conﬁrmed mineraliza1on in areas iden1ﬁed by Earthlabs as priority targets

•Results of this ini1al ﬁeld work at the Property are encouraging and

addi1onal work is warranted.

Mitchell Smith, CEO & Director of GEMC commented:

“The results from Treasure Box are extremely encouraging with explora1on to

date building conﬁdence in the project as a compelling discovery story. The

immense poten1al demonstrated by the par1cularly strong copper assay

results validate our predic1ve explora1on model with signiﬁcant implica1ons

for the poten1al copper endowment in this region.”

The 2022 prospecYng and sampling program for the Property was conducted

over four days, from September 14 – September 17, 2022. A total of 39

samples were collected, with the focus being on target areas previously

idenYﬁed by Earthlabs Inc., formerly GoldSpot Discoveries Corp. (TSX-V:SPOT ,

OTCQX:SPOFF) (“Earthlabs“ and/or “Goldspot”) using various geophysical,

geological, and remote sensing data.

The primary objecYves of the program were to conﬁrm locaYons of historical

mining and exploraYon, perform an iniYal assessment of the proposed

lithologies and structures on the Property, and to determine target areas that

warrant further exploraYon eﬀorts. Field veriﬁcaYon and follow up based on

Goldspot’s target areas was the primary focus of the program. Highlighted

analyYcal results from 9 diﬀerent locaYons are presented below in Table 1.

Table 1. Treasure Box 2022 Sampling Highlights

Assay results from the program highlight the prevalence of copper

mineralizaYon, with localized high-grade silver . All samples of signi ﬁcance

occurred near the unconformity boundary between the Jurassic ma ﬁc

volcanics unit and the younger, overlying rhyolite ﬂows. Several samples

collected from old prospect pits and tailings conﬁrm values of copper and

silver can be signiﬁcant and occur together . Notably, samples with higher

hemaYte and copper oxides produced the highest assay results.

Samples collected from the Goldspots target area ‘2’ (Figure 2) contained the

highest assay values and were collected directly from the unconformity

contact between the Jurassic basalts and the overlying Ter Yary rhyolites.

Prospect trenches and pits located between target areas ‘4’ , ‘11’ , and ‘10’

produced samples with moderate copper mineraliza Yon with weak gold

values. The mineralizaYon in these samples which are located roughly 500

feet from the unconformity contact, is presumed to be related to local fault

structures.

Figure 2. Project Geology with Goldspot Target Areas and 2022 Sampling

Loca1ons Highlighted.

The results of this iniYal ﬁeld work at the Property are encouraging and

addiYonal work is warranted. The next phase of explora Yon work should

include detailed geologic and structural mapping over the Property’s extent,

and systemaYc rock and soil sampling program across more focused target

areas delineated during this program and results derived during geologic and

structural mapping.

Structures in the area appear to have general northwest-southeast to north-

south trends, which have locally in ﬂuenced several historical Cu-Ag-Au

mineralized showings.

Figure 3. Copper - 2022 Rock Assays

The primary target areas iden Yﬁed by GoldSpot focused on proposed

structural boundaries and contacts. In general, ﬁeld work conﬁrmed the

existence of many of these faults and lithologic contacts. Measured Dip and

Dip DirecYon of both lithologic contacts and mineralized structural trends

conﬁrm a general northwest-southeast trend for structures.

The NE-SW striking structure zone, seen as yellow dashed lines in Figure 4,

intersects historical prospect pits and adits, and likely in ﬂuenced

mineralizaYon seen in samples TB22-014, -017, -026, and in samples

TB22-027 through TB22-031. The la Ger samples (TB22-027 – 031) are

centered around the historical Treasure Box/ Boyer Mine site.

It is recommended that future ﬁeld work include detailed geologic mapping

and accurate structural measurements of this proposed structure, with

further sampling focused along the strike length of the faulYng in that area.

Figure 4. Proposed Changes to Lithologic Boundaries and Mineralized Faults +

Targets for Future Prospec1ng

It is recommended that future work con Ynue to delineate the extent of

mineralizaYon along the unconformity between the Jurassic ma ﬁcs and

TerYary rhyolite units. Zones with notable oxida Yon and strong alteraYon

should be carefully mapped, and the ore-ﬂuid containing structures idenYﬁed.

Sampling along the strike length of these structures throughout the Property

would be the ﬁnal phase of ﬁeld exploraYon.

The southern extent of the Property will need to be sampled and mapped, in

order to correlate the relaYonship between mineralizaYon and the intruding

HMC gabbros and diorites.

There is evidence for other mineralized zones outside the claim property

boundary, parYcularly concentrated along the paleosurface between the Jmv

and Tv. Most of the work conducted in the 2022 ﬁeld program was focused on

the historic workings and on the delineated structure-contact targets

idenYﬁed by Goldspot. It is recommended that addi Yonal mapping and

prospecYng is conducted within and beyond the limits of the current claim

boundary along strike of the main structure, to beGer understand the controls

on mineralizaYon. Once surface extents and detailed mapping are completed

and assessed, the next phase would be to develop a drill program to test the

depth of mineraliza Yon at the unconformity contact, explore for

mineralizaYon not exposed at surface, and develop a structural framework of

the mineralized fault systems.

Photo 1. Historical Prospect Pit - Collec1on site of TB22-004 with visible Cu

oxide development along fractures and veins, including malachite and azurite

within altered maﬁc basalt unit. Lesser FeOx stains fracture surfaces.

Photo 2. Historical adit with malachite and azurite showings; host rock is an

altered maﬁc basalt (TB22-012).

Qualiﬁed Person

Mr . Paul Sarjeant, P . Geo., is the qualiﬁed person for this release as deﬁned by

Na@onal Instrument 43-101 - Standards of Disclosure for Mineral Projects.

Global Energy Metals CorporaWon

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

Global Energy Metals Corp. o ﬀers investment exposure to the growing

rechargeable babery and electric vehicle market by building a diversi ﬁed

global porcolio of explora1on and growth-stage babery mineral assets.

Global Energy Metals recognizes that the prolifera 1on and growth of the

electriﬁed economy in the coming decades is underpinned by the availability

of babery metals, including cobalt, nickel, copper, lithium and other raw

materials. To be part of the solu 1on and respond to this electri ﬁca1on

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

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

strategically signiﬁcant investments in babery metal resources.

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

projects in Canada, Australia, Norway and the United States, GEMC is

inves1ng-in, exploring and developing prospec 1ve, scaleable assets in

established mining and processing jurisdic1ons in close proximity to end-use

markets. Global Energy Metals is targe1ng projects with low logis1cs and

processing risks, so that they can be fast tracked to enter the supply chain in

this cycle. The Company is also collabora 1ng with industry peers to

strengthen its exposure to these cri 1cal commodi1es and the associated

technologies required for a cleaner future.

Securing exposure to these cri1cal minerals powering the eMobility revolu1on

is a genera1onal investment opportunity. Global Energy Metals believes Now

is the Time to be part of this electriﬁca1on movement.

For Further InformaWon:

Global Energy Metals CorporaYon

#1501-128 West Pender Street

Vancouver, BC, V6B 1R8

Email: [email protected]

t. + 1 (604) 688-4219

www.globalenergymetals.com

TwiGer: @EnergyMetals | @USBaMeryMetals | @ElementMinerals

CauWonary Statement on Forward-Looking InformaWon:

Certain informa1on in this release may cons1tute forward-looking statements

under applicable securi1es laws and necessarily involve risks associated with

regulatory approvals and 1melines. Although Global Energy Metals believes

the expecta1ons expressed in such forward-looking statements are based on

reasonable assump1ons, such statements are not guarantees of future

performance and actual results or developments may diﬀer materially from

those in the forward-looking statements. Except as required by law, the

Company undertakes no obliga 1on to update these forward-looking

statements in the event that management’s beliefs, es1mates or opinions, or

other factors, should change.

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resul1ng in an economic downturn that could further aﬀect opera1ons and

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For more informa1on on Global Energy and the risks and challenges of their

businesses, investors should review the ﬁlings that are available at

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