GEMC.V · 2023-12-07 12:00:00

Powered BY Cobalt … Driven BY Demand Global Energy Metals Provides Technical Update ON Nevada-Based Lovelock and Treasure Box Copper-Nickel- Cobalt Projects and Files Ni 43-101 Technical Report

Resource Estimates Technical Reports (NI 43-101)

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 PROVIDES TECHNICAL UPDATE ON

NEVADA-BASED LOVELOCK AND TREASURE BOX COPPER-NICKEL-

COBALT PROJECTS AND FILES NI 43-101 TECHNICAL REPORT

Vancouver, BC / TheNewswire / December 7, 2023 / Global Energy Metals

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

Metals” , the “Company” and/or “GEMC”) , a mulK-jurisdicKonal, mulK-

commodity criKcal mineral company with exposure to growth-oriented

baGery metal projects supporKng the global transiKon to clean energy, is

pleased to provide an update on its Lovelock Mine and Treasure Box projects

(“Lovelock” “Treasure Box” and/or the “Projects”) announcing the ﬁling of a

Technical Report in accordance with NaKonal Instrument 43-101 - Standards

of Disclosure for Mineral Projects (“NI 43-101”) (the “Report”). The Report is

available on SEDAR at www.sedar.com and the Company’s website,

www.globalenergymetals.com.

The Report represents an important milestone for the Company as it provides

a comprehensive and independent evaluaKon of the Projects. The Report is

eﬀecKve as of November 28, 2023, and follows the successful negoKaKon and

closing of the consolidaKon of 100% ownership in the Projects. GEMC holding

100% ownership of the Projects simpliﬁes decision-making and provides the

opKmal structure to oversee the rapid exploraKon and development of key

U.S. based baGery minerals projects at a Kme when securing future supply of

criKcal minerals required for a North American baGery supply chain is a top

priority.

Mitchell Smith, Global Energy Metals’ CEO and Director, said:

“The Report represents a signiﬁcant step forward for Global Energy Metals

providing valuable informa=on for our shareholders and investors and

underscores the signiﬁcant poten=al of the Projects. We will now evaluate and

compare a broad selec=on of op=ons for the purpose of maximizing value and

realize the poten=al, as demonstrated by the Report, the Projects have in the

growing North American baGery metals market.”

Global Energy Metals Corpora Kon retained Trevor Mills of Dahrouge

Geological ConsulKng USA Ltd. (“Dahrouge”), to prepare an independent

Technical Report on the Projects, located in Pershing County and Churchill

County, Nevada, USA.

The Lovelock Mine Property consists of 27 con Kguous unpatented lode

mining claims in Pershing County, Nevada and 63 unpatented lode mining

claims in Churchill County, Nevada covering approximately 1,813 acres. The

Treasure Box Property consists of 76 con Kguous unpatented lode mining

claims in Churchill County, Nevada, covering approximately 1,561 acres.

This Technical Report has been prepared in compliance with regulatory

disclosure and reporKng requirements as outlined in Canadian Na Konal

Instrument 43-101 – Standards for Disclosure for Mineral Projects (“NI

43-101”), companion policy NI 43-101CP and Form 43-101F1 – Technical

Report. The Qualiﬁed Person responsible for this report is Trevor Mills, P .G.,

SME-RM, a Principal Geologist with Dahrouge Geological ConsulKng USA Ltd.

The purpose of this report was to provide a review of GEMC’s Lovelock Cobalt

Mine and Treasure Box projects located in Nevada, USA. The report is being

used to consider, evaluate, and compare op Kons for the purpose of

idenKfying opportuniKes to maximize the value for GEMC shareholders. The

report is part of GEMC’s strategic review to summarize the previous

exploraKon conducted on the Property and provide recommenda Kons for

future work.

InterpretaVon & Conclusions:

Work conducted to date by GEMC has successfully advanced understanding of

the geology and mineralizaKon at both the Lovelock Cobalt Mine Property and

the Treasure Box Property. A combinaKon of sampling programs, geophysical

studies, and a drilling program have provided successful results that conﬁrm

historical mineralizaKon and conﬁrm work by recent owners of the properKes.

Underground mapping and sampling idenKﬁed N40E and N75W structural

controls and post-mineral faulKng at the Lovelock Cobalt Mine. Results of a

limited drilling program in 2022 indicate a 9- to 16-meter-thick zone of Co-Ni-

Cu mineralizaKon in the hanging wall of the N40E fault that corresponds to a

chargeability high idenKﬁed in a 2018 DC/IP resisKvity survey. Geophysical

magneKc surveys of the Lovelock Cobalt Mine property were able to parKally

disKnguish major lithologies, correlate linear magneKc features with mapped

surface faults, and potenKally idenKfy alteraKon within the maﬁc lithologies.

MagneKc surveys at the Treasure Box Property have successfully iden Kﬁed

several faults within maﬁc HMC rocks that are interpreted to conKnue under

the overlying rhyoliKc extrusive rocks. Numerous magneKc-high anomalies

also correlate with previously idenKﬁed soil anomalies for base and precious

metals (Au, Ag, Zn, Cu). A mineralized oxide zone has been parKally delineated

with trenching, surface sampling, and drillholes. Many faults interpreted from

the magneKc surveys correspond to mapped surface faults highlighKng the

eﬀecKveness of the method. Machine learning using geophysical data and

remote sensing mulKspectral imagery was used to correlate clustered data to

known geology and improve geological contacts and generate prospec Kve

targets. A ground-truthing sampling program of these targets returned

posiKve results.

The successful results using geophysical methods encourages further

uKlizaKon. AddiKonal IP surveys and/or controlled-source audio

magnetotellurics/magnetotellurics (CSAMT/MT) Hybrid-Source Audio-

Magnetotellurics (HSAMT) can be considered to provide further deﬁniKon of

geological features. Ground truthing of features via detailed geological

mapping is encouraged. Gross geological units have been deﬁned; however,

understanding the details of the mineralized units will require quality

geological mapping of lithology and altera Kon. SystemaKc rock and soil

sampling will also provide important data to combine with mapping and new

geophysical surveys to further understanding of mineraliza Kon on the

Property.

PosiKve exploraKon results at both proper Kes conKnue to indicate the

potenKal at each locaKon and follow-up work should be planned. Posi Kve

exploraKon results at each property to date suggest the potenKal to advance

the extent of known mineralizaKon. Known mineralizaKon trends are also

present within the patented claims near each property and may represent

extensions of mineralizaKon within GEMC’s holdings.

The Author concludes that the Lovelock Cobalt Mine Property and the

Treasure Box Property are proper Kes of merit and warrant con Knued

exploraKon.

About Dahrouge Geological ConsulVng Ltd.

Dahrouge Geological is a North American mineral exploraKon, consulKng, and

project management group with oﬃces in Canada and the United States. They

provide professional geological, logisKcal, and project management services

to the world’s mining and mineral resource industry including project

generaKon, program design, geophysics, project evalua Kon and mine site

operaKons.

Qualiﬁed Person

Mr . Paul Sarjeant, P . Geo., a Director and shareholder is the qualiﬁed person

for this release as deﬁned by NaKonal Instrument 43-101 - Standards of

Disclosure for Mineral Projects.

For Further InformaVon:

Global Energy Metals CorporaKon

#1501-128 West Pender Street

Vancouver, BC, V6B 1R8

Email: [email protected]

t. + 1 (604) 688-4219

www.globalenergymetals.com

TwiGer: @EnergyMetals | @USBaGeryMetals | @ElementMinerals

Global Energy Metals CorporaVon

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

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

rechargeable baGery and electric vehicle market by building a diversi ﬁed

global porKolio of explora=on and growth-stage baGery 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 baGery 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 Kolio of

strategically signiﬁcant investments in baGery 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.

CauVonary Statement on Forward-Looking InformaVon:

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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