GEMC.V · 2022-09-08 12:00:00

Powered BY Cobalt … Driven BY Demand Global Energy Metals Identifies New Cobalt, Copper, Nickel Targets at the Lovelock and Treasure Box Projects Using Earthlabs’ AI and Machine Learning Technology

Exploration Programs

TSX.V GEMC

www.globalenergymetals.com

Suite 1501,

Sun Tower

128 West Pender St. Vancouver,

V6B 1R8

T +1.604.688.4219

TwiGer @EnergyMetals

GLOBAL ENERGY METALS IDENTIFIES NEW COBALT, COPPER,

NICKEL TARGETS AT THE LOVELOCK AND TREASURE BOX

PROJECTS USING EARTHLABS’ AI AND MACHINE LEARNING

TECHNOLOGY

Vancouver, BC / TheNewswire / September 8, 2022 / Global Energy Metals

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

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

exposure to the ba5ery metals supply chain, is pleased to announce results of

a property-wide comprehensive target genera ;on that Earthlabs Inc.,

formerly GoldSpot Discoveries Corp. (TSX-V:SPOT , OTCQX:SPOFF) (“Earthlabs”)

completed on the Lovelock and Treasure Box projects in the S;llwater Range

in Nevada. Earthlabs was engaged to apply their proprietary machine learning

applica;ons (“AI”) and geoscience exper ;se to assist the Company in

expanding discoveries and iden;fying new high-priority target areas.

Highlights of the GoldSpot-GEMC CollaboraTon:

•Earthlab's AI and geological interpretaQon highlights cobalt, nickel, copper

potenQal at GEMC's Nevada based projects;

•A total of 30 exploraQon targets have been idenQﬁed, 15 on the Lovelock

Project and 15 targets idenQﬁed on the Treasure Box Project;

•In preparaQon for ﬁeld work, GoldSpot provided a map of probable target

zones, resulQng from the AI analysis allowing for Qme-and cost-eﬃcient ﬁeld

exploraQon; and

•The Company will begin mobilizing for a ﬁeld program to ﬁeld check the ex-

ploraQon target areas presented to help conﬁrm lithologies and validate

and prioriQze the targets.

Mitchell Smith, President & CEO, commented:

“The inves*ga*ve work undertaken by the Earthlabs technical team along

with their machine learning and AI applica *on signiﬁcantly improve our

understanding and the poten*al for a much larger mineralized system on our

land holdings for those metals, like cobalt, nickel and copper, that are cri*cal

to an electriﬁed future.”

Vincent Dubé-Bourgeois, CEO & Director of Earthlabs also commented:

“The work done by Earthlabs has iden*ﬁed a series of targets for GEMC to

focus their explora*on work on. We’ve taken a large area of land and using

our proprietary Smart Target approach have reduced the area of focus to

maximize eﬃciency for explora*on. Our technological approach allows Global

Energy Metals to gather the most informa *on possible in the areas that

maLer the most and increase explora*on success.”

Global Energy’s summer programs focused on developing new targets on the

Lovelock project and further deﬁning high poten;al historical prospects from

the target pipeline compila;on on the Treasure Box project. GEMC is u;lizing

Earthlabs’ AI and machine learning technologies to help op;mize explora;on

targets at its Nevada-based proper ;es. Earthlabs works with leading

explora;on and mining clients across all commodi;es and deposit types, using

cuZng-edge technology and geo-scien;ﬁc exper;se to mi;gate explora;on

risks and signiﬁcantly increase the eﬃciency and success rate of mineral

explora;on across resources.

Analy;cal workﬂow consisted of the processing diverse geoscience datasets,

including aeromagne;c data, ground IP , drill hole geological data, and rock

and soil data. The data integra;on having homogeneous coverage into a

Machine Learning datacube led to a robust supervised-AI model that

generated targets with a high predic;on score for cobalt, copper and nickel

(Figures 1 and 2).

Figure 1. AI & Machine Learning targe*ng map showing the 15 explora*on

targets iden*ﬁed at the Lovelock Project, Nevada Lovelock Project, Nevada

Figure 2. AI & Machine Learning targe*ng map showing the 15 explora*on

targets iden*ﬁed at the Treasure Box Project, Nevada

ExploraTon RecommendaTons

Cobalt, nickel and copper are the key known commodi;es associated with the

Lovelock and Treasure Box Projects. Maﬁc to ultramaﬁc intrusions or ﬂows are

commonly the sources for these commodi;es. Within the area of interest,

stringers of cobalt-nickel-copper mineraliza;on occur in rock surrounding

diorite (maﬁc) units, near the contact with the felsic ﬂows-tuﬀ. The predicted

geological map highlights several clusters as probable ma ﬁc intrusion and

ﬂow, and several other clusters as probable felsic material. Earthlabs

recommends to prospect with priority at the boundary zones of the

interpreted maﬁc and felsic units, and proximal to interpreted structures. The

Company will, in the very near future, ini;ate a ﬁeld program to ﬁeld check

the explora;on target areas presented to help conﬁrm lithologies and validate

and priori;ze the targets for future explora;on and drilling.

Geophysics

• Follow up work such as ground IP on some of the more intriguing

explora;on targets.

• Consider addi;onal geophysical surveying to provide full coverage layers for

the property. Op;ons include addi;onal airborne surveying such as EM,

radiometrics and VLF.

• Earthlabs M-PASS system could provide gradient magne;c, VLF , radiometric

and LiDAR data.

Geological mapping and Geochemistry

• Field checks of the explora;on target areas presented here to help conﬁrm

lithologies and validate and priori;ze the targets. Currently there are no

priority targets.

About Lovelock

The Property currently consists of 81 unpatented lode claims in the

Co5onwood Canyon area of the S;llwater Range totaling approximately 1,586

acres (642 hectares). It was discovered by George Lovelock and Charles Bell

about 1880. According to U.S. Government annual reports, the Lovelock Mine

saw limited produc;on of nickel, copper and cobalt beginning in 1883. The

primary cobalt mineral was iden;ﬁed as “cobal;te”. The general average of

the 200 tons shipped in 1886 averaged 14 percent cobalt and 12 percent

nickel. The mine operated from 1883 to 1890 to the 100 foot level, repor;ng

500 tons of cobalt and nickel mineralized material shipped to England for

processing. Ajer intermi5ent produc;on, an English company a5empted

smel;ng on site in 1898 but li 5le or no produc;on was made (Source:

“Mineral Resources of the United States for 1885” , 1886). No further

produc;on from the Lovelock Mine is known for well over a century providing

GEMC an excellent opportunity to unlock the poten;al value of the deposit

through explora;on work. In a recent drill program at Lovelock by GEMC,

elevated values of cobalt, nickel and copper were intercepted in three of the

holes which targeted possible mineraliza;on beneath the historical mine

workings.

About Treasure Box

Treasure Box hosts mine workings from limited copper produc ;on, which

occurred un;l early into the 20th century. A historical diamond drill hole (circa

1910) drilled at the Treasure Box by the Boyer-Nevada Copper Company

reportedly intersected 1.52% copper over 85 feet (25.9 metres) with

mineraliza;on beginning at surface. A reverse circula;on hole drilled on the

Treasure Box by Utah Interna;onal in 1976 returned 1.55% copper over 40

feet (12.2 metres) from a depth of 85 to 125 feet (25.9 to 38.1 metres), and

the hole was stopped in chalcopyrite mineraliza;on. The core Treasure Box

claims were held con;nuously for over 20 years by a private company but

were relinquished in September 2017, leading to their acquisi;on by Nevada

Sunrise. GEMC received approval from the US Bureau of Land Management

(the “BLM”) for a proposed explora;on and drill plan at the Treasure Box

project that includes up to thirteen (13) ver;cal drill holes from thirteen (13)

diﬀerent loca;ons. Planned drill hole lengths range from 350 feet (107

metres) to 500 feet (152 metres). Total drilling is an;cipated to be 5,850 feet

(1,784 meters), with a minimum drilling length of three (3) drill holes totaling

1,350 feet (412 metres). Depending on ﬁndings, individual drill hole lengths

could be extended by 30 to 50 feet (10 to 15 metres) as determined by the

company’s on-site representa;ve. The targeted prospects have been

iden;ﬁed by Global Energy Metals through a systema;c explora;on program

over the past several months that has included an airborne magne;c survey,

reinterpreta;on of historical Induced Polariza;on (IP) data, detailed mapping

and desktop review of historical data including past drilling.

Qualiﬁed Person

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

NaQonal Instrument 43-101 - Standards of Disclosure for Mineral Projects.

EarthLabs Inc.

(TSXV: SPOT |OTCQX: SPOFF)

Earthlabs is a technology company working to revolu *onize the future of

global mineral explora*on with a full suite of data and knowledge-driven SaaS

tools and services. EarthLabs represent a collec*on of industry-leading earth

modelling, geology data management and specialized ﬁnancial products that

help both mining companies and mining investors make beLer decisions.

Global Energy Metals Corporation

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

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

rechargeable baLery and electric vehicle market by building a diversi ﬁed

global porYolio of explora*on and growth-stage baLery 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 baLery metals, including cobalt, nickel, copper, lithium and other raw

materials. To be part of the solu *on and respond to this electri ﬁca*on

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

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

strategically signiﬁcant investments in baLery 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.

For Further InformaTon:

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

Twi5er: @EnergyMetals | @USBa5eryMetals | @ElementMinerals

CauTonary Statement on Forward-Looking InformaTon:

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 diﬀer materially from

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

Company 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.

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.

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