Powered BY Cobalt … Driven BY Demand Global Energy Metals Completes ON Royalty Sale of Australian Battery Mineral Portfolio; Earns Meaningful Equity Stake IN Electric Royalties

TSX.V GEMC


www.globalenergymetals.com

Suite 1501,

Sun Tower

128 West Pender St. Vancouver,

BC

V6B 1R8

T +1.604.688.4219

TwiGer @EnergyMetals

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GLOBAL ENERGY METALS COMPLETES ON ROYALTY

SALE OF AUSTRALIAN BATTERY MINERAL

PORTFOLIO; EARNS MEANINGFUL EQUITY STAKE IN

ELECTRIC ROYALTIES

Vancouver, BC / TheNewswire / February 2nd, 2021 / Global Energy Metals

CorporaCon TSXV:GEMC | OTCQB:GBLEF | FSE:5GE1 ( “ G l o b a l E n e r g y

Metals” , the “Company” and/or "GEMC") is pleased to announce that the

Company has closed the sale of its 0.5% gross metal royalty (the “Royalty”)

announced on July 23, 2020 to Electric RoyalUes Ltd. (“Electric RoyalUes” and/

or “ELEC”) on the Millennium Cobalt Project, the Mt. Dorothy Cobalt Project

and the Cobalt Ridge Project located in Queensland, Australia.

Mitchell Smith, President and CEO, states:

"We are pleased by this first mone3za3on of our Australian-based ba9ery

mineral asset por:olio. The ini3al 1,150,000 shares in Electric Royal3es,

equa3ng to approximately a 2.5% interest in ELEC, will provide our

shareholders with a way to par3cipate in an aggressive and rapidly growing

royalty company focused on minerals core to the electric revolu3on.

Addi3onally, the cash component from the sale will allow GEMC to accelerate

its mandate of diversifying exposure to the ba9ery minerals supply chain and

allow for the Company to further capitalize on the shiO to electric mobility and

new forms of clean energy storage driven by accelerated efforts to reduce the

world’s dependence on fossil fuels.”

Through its wholly-owned subsidiary, Element Minerals Australia PTY, Global

Energy Metals has established extensive tenement holdings totaling 2,560

hectares (6,326 acres) across the Mount Isa and Cloncurry mining districts in

northwest Queensland, Australia. This commanding land package contains a

number of properUes with significant cobalt, copper, gold and base metal

exploraUon potenUal. These range from undeveloped exploraUon prospects to

JORC-compliant resources. The properUes include the Millennium Cobalt

Copper Gold deposit, and the Mount Dorothy and Cobalt Ridge exploraUon

prospects.

The Mount Isa Inlier is a significant gold and base metal producing district

hosUng many world class copper-gold and lead-zinc-silver deposits. The region

is also prospecUve for gold, phosphate, cobalt, rare-earths, molybdenum and

rhenium mineralisaUon and has a number of significant operaUng mines and

new projects in development. There is well established mining, transport and

processing infrastructure in close proximity to the regional centres of Mount

Isa and Cloncurry and the Millennium property.

Figure 1. Loca3on Map of Millennium and Mount Isa Projects in an Established

Mining Region with World-Class Infrastructure

IniCal Royalty

As consideraUon for the Royalty on Millennium and the Mount Isa Projects,

Electric RoyalUes will issue to Global Energy Metals 1.15 million shares (the

“ConsideraUon Shares”) in Electric RoyalUes and make a CAD $150,000 cash

payment. The ConsideraUon Shares will be subject to resale restricUons over a

period of eighteen months from the date of issuance.

AddiConal RoyalCes OpCon

Electric RoyalUes has also been granted a call op Uon (“First OpUon”),

exercisable at any Ume, for a period of two years from the closing date, to

acquire a 0.5% royalty on the Net Smelter Returns from the Millennium

Cobalt Project (the “Millennium NSR”), by paying C$500,000 to Global,

payable up to 25% in shares of ELEC, at ELEC’s elecUon.

Upon exercise of the First OpUon, ELEC will have a call opUon, exercisable on

the earlier of: (i) the third anniversary of the closing date and (ii) six months

from the date that a preliminary economic analysis or similar study on the

Millennium Project is provided to ELEC, to increase the Millennium NSR by a

further 1%, by paying C$1,000,000 to Global, payable up to 25% in shares of

ELEC, at the elecUon of ELEC.

For more informaUon about the Royalty transacUon please refer to the terms

of the agreement first announced on February 27, 2020 and subsequently on

July 23, 2020.

About Electric RoyalCes Ltd.

Electric RoyalUes is a royalty company established to take advantage of the

demand for a wide range of commodiUes (lithium, vanadium, manganese, Un,

graphite, cobalt, nickel & copper) that will bene fit from the drive toward

electrificaUon of a variety of consumer products: cars, rechargeable baGeries,

large scale energy storage, renewable energy genera Uon and other

applicaUons.

Electric vehicle sales, baGery producUon capacity and renewable energy

generaUon are slated to increase significantly over the next several years and

with it, the demand for these targeted commodiUes. This creates a unique

opportunity to invest in and acquire royalUes over the mines and projects that

will supply the materials needed to feed the electric revoluUon.

Electric RoyalUes has a por oolio of 11 royal Ues and plans to focus

predominantly on acquiring royalUes on advanced stage and opera Ung

projects to build a diversi fied poroolio located in jurisdicUons with low

geopoliUcal risk.

Qualified Person

Mr . Paul Sarjeant, P . Geo. and Director, is the qualified person for this release

as defined by NaUonal Instrument 43-101 - Standards of Disclosure for

Mineral Projects and has reviewed and veri fied the technical informaUon

contained herein.

Global Energy Metals CorporaCon

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

Global Energy Metals is focused on offering investment exposure to the raw

materials deemed criUcal for the growing rechargeable baGery market, by

building a diversified global poroolio of baGery mineral assets including

project stakes and sector specific equity posiUons. GEMC anUcipates growing

its business through the acquisiUon and development of baGery mineral

projects alongside key strategic partners. The Company holds 100% of the

Millennium Cobalt Project and two neighbouring discovery stage exploraUon-

stage cobalt assets in Mount Isa, Australia posiUoning it as a leading cobalt-

copper explorer and developer in the famed mining district in Queensland,

Australia. The Company holds an 85% interest in two baGery mineral projects,

the Lovelock Cobalt Mine and Treasure Box Project, located on the doorstep

of the world’s largest lithium-ion baGery producUon plant, GigaNevada that

Tesla Motors Ltd. and partner Panasonic Corp. have built in Nevada, USA.

AddiUonally, the Company holds a 70% interest in the past-producing Werner

Lake Cobalt Mine project in Ontario, Canada.

For Further InformaCon:

Global Energy Metals CorporaUon

#1501-128 West Pender Street

Vancouver, BC, V6B 1R8

Email: [email protected]

t. + 1 (604) 688-4219

www.globalenergymetals.com

TwiGer: @EnergyMetals | @USBaGeryMetals | @ElementMinerals

CauConary Statement on Forward-Looking InformaCon:

Certain informa3on in this release may cons3tute forward-looking statements

under applicable securi3es laws and necessarily involve risks associated with

regulatory approvals and 3melines. Although Global Energy Metals believes

the expecta3ons expressed in such forward-looking statements are based on

reasonable assump3ons, 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 3on to update these forward-looking

statements in the event that management’s beliefs, es3mates or opinions, or

other factors, should change.

GEMC’s opera3ons 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 opera3ons and the ability of others to meet

their obliga3ons, including uncertain3es rela3ng to the ul3mate geographic

spread of the virus, the severity of the disease, the dura3on of the outbreak,

and the length of travel and quaran3ne restric3ons imposed by governments

of affected countries. In addi3on, a significant outbreak of contagious diseases

in the human popula3on could result in a widespread health crisis that could

adversely affect the economies and financial markets of many countries,

resul3ng in an economic downturn that could further affect opera3ons and

the ability to finance its opera3ons.

For more informa3on 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 Regula3on Services Provider (as that

term is defined in the policies of the TSX Venture Exchange) accepts responsi-

bility for the adequacy or accuracy of this release.

We seek safe harbour.