GEMC.V · 2022-06-14 12:00:00

Powered BY Cobalt … Driven BY Demand Global Energy Metals Initializes Summer Exploration Program ON Cobalt, Copper, Nickel Projects IN Nevada; Utilizes Goldspot’S AI & Machine Learning Targeting 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 INITIALIZES SUMMER EXPLORATION

PROGRAM ON COBALT, COPPER, NICKEL PROJECTS IN NEVADA;

UTILIZES GOLDSPOT’S AI & MACHINE LEARNING TARGETING

TECHNOLOGY

Vancouver, BC / TheNewswire / June 14, 2022 / Global Energy Metals

CorporaUon 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 announce that it

has iniNalized its summer exploraNon program at the Lovelock and Treasure

Box projects (the “Projects”). The program will a entail mul N-prong

exploraNon strategy with two key focuses: compila Non and systemaNc

desktop review including the applica Non of GoldSpot Discoveries Corp.’s

(TSXV: SPOT) (OTCQX: SPOFF) (“GoldSpot”) ar Nﬁcial intelligence (AI) and

Machine Learning technology to build oﬀ the knowledge acquired in prior

programs; and the undertaking of a regional sampling program to assess high

potenNal target areas with the aim to make signi ﬁcant new discoveries

throughout the prospecNve landholdings and allow the Company to beGer

focus drilling eﬀorts and unlock value across its signiﬁcant footprint in the

SNllwater Range, Nevada.

Highlights:

•The Lovelock Mine project is a past-producing high-grade cobalt,

copper, nickel project on the doorstep of Tesla’s Gigafactory in

Nevada.

•In a recent drill program at Lovelock, elevated values of cobalt, nickel

and copper were intercepted in three of the holes which targeted

possible mineralizaNon beneath the historical mine workings.

•The Treasure Box project hosts mine workings from limited copper

producNon. A historical diamond drill hole drilled at the Treasure Box

by the Boyer-Nevada Copper Company reportedly intersected 1.52%

copper over 85 feet (25.9 metres) with mineralizaNon beginning at

surface.

•Global Energy holds an 85% interest in the Projects through its wholly

owned subsidiary, US BaGery Metals Corp.

•GEMC is uNlizing GoldSpot’s arNﬁcial intelligence and machine

learning technologies to help opNmize exploraNon targets.

•The summer programs will focus on developing new targets on the

Lovelock project and further deﬁne high potenNal historical prospects

from the target pipeline compilaNon on the Treasure Box project.

Global Energy’s Project Development Manager, Timothy Strong, comment-

ed:

"We are excited to launch our 2022 explora3on campaign. We’re looking for-

ward to having boots back on the ground in Nevada and will be systema3cally

undertaking a regional sampling program in the vicinity of several high poten-

3al target areas. These and other areas will be assessed during the program

as we work to make signiﬁcant new discoveries throughout our prospec3ve

landholdings and prepare for next phase drilling on the proper3es.”

ExploraUon Program Strategy

Fieldwork: GEMC understands the importance of implemen Nng systemaNc

exploraNon programs. Using layers of geological data will enable the company

to increase its understanding of the mineralizaNon at both the Lovelock Mine

and Treasure Box projects. In addiNon to the exciNng work being completed

by Goldspot, the Company will shortly commence a project wide soil sampling

campaign, rock sampling campaign and structural mapping exercise.

The soil and rock sampling campaigns will assist Goldspot in their machine

learning targeNng for the projects. Due to the structurally controlled nature of

the mineralizaNon on the properNes, the Company will conduct a structural

mapping exercise to further understand the controls on mineralizaNon and

potenNal extensions.

Recent geophysical results have outlined large areas with anomalous

geological potenNal for new discoveries at both projects, the ﬁeld work will

focus eﬀorts at a number of these new and exis Nng high-priority baGery

metals targets.

The results of these studies will be used to target a phase one drill program at

Treasure Box and a phase two drill program at Lovelock. Both projects are

fully permiGed for drilling.

GoldSpot Discoveries Engaged for the Lovelock and Treasure Box Projects in

Nevada

GoldSpot, a leading technology services company leveraging ar Nﬁcial

intelligence and data science, has been engaged by GEMC to apply its

proprietary machine learning and geoscience exper Nse to advance the

Treasure Box and Lovelock Mine projects east of Reno, Nevada.

GoldSpot will provide GEMC with a prospecNvity and targeNng analysis for

cobalt, nickel and copper using machine learning experNse on the Lovelock

and Treasure Box projects. GoldSpot's team of geoscience and data science

experts will process and interpret all geoscience data provided by GEMC in

these areas of interest, plus addiNonal available data including mulNspectral

imagery for regional analysis, for the purpose of an advanced machine

learning-assisted exploraNon eﬀort.

Qualiﬁed Person

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

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

Global Energy Metals Corporation

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

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

rechargeable baKery and electric vehicle market by building a diversi ﬁed

global porLolio of explora3on and growth-stage baKery mineral assets.

Global Energy Metals recognizes that the prolifera 3on and growth of the

electriﬁed economy in the coming decades is underpinned by the availability

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

materials. To be part of the solu 3on and respond to this electri ﬁca3on

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

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

strategically signiﬁcant investments in baKery metal resources.

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

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

inves3ng-in, exploring and developing prospec 3ve, scaleable assets in

established mining and processing jurisdic3ons in close proximity to end-use

markets. Global Energy Metals is targe3ng projects with low logis3cs and

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

this cycle. The Company is also collabora 3ng with industry peers to

strengthen its exposure to these cri 3cal commodi3es and the associated

technologies required for a cleaner future.

Securing exposure to these cri3cal minerals powering the eMobility revolu3on

is a genera3onal investment opportunity. Global Energy Metals believes ‘Now

is the Time’ to be part of the Electriﬁed Future.

About GoldSpot Discoveries Corp.

GoldSpot Discoveries Corp. (TSXV: SPOT) (OTCQX: SPOFF) is a technology

company using ar3ﬁcial intelligence to revolu3onize the future of global

mineral explora3on with a full suite of data and knowledge-driven SaaS tools

and services. GoldSpot works with industry leaders across all commodity and

deposit types to iden3fy new explora3on targets, develop cu]ng-edge

technologies and to strategically invest in mineral explora3on companies. Our

leading team of expert scien3sts merge geoscience and data science to deliver

bespoke solu3ons that save 3me, reduce costs and produce far more accurate

results than ever before possible.

For Further InformaUon:

Global Energy Metals CorporaNon

#1501-128 West Pender Street

Vancouver, BC, V6B 1R8

Email: [email protected]

t. + 1 (604) 688-4219

www.globalenergymetals.com

TwiGer: @EnergyMetals | @USBaGeryMetals | @ElementMinerals

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CauUonary Statement on Forward-Looking InformaUon:

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

responsibility for the adequacy or accuracy of this release.

We seek safe harbour.

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