GEMC.V · 2021-09-29 12:00:00

Powered BY Cobalt … Driven BY Demand Global Energy Metals Secures Drill Contractor and Prepares to Mobilize FOR First-EVER Drill Program at the Lovelock Cobalt-Nickel-Copper Project IN Nevada

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 SECURES DRILL CONTRACTOR AND

PREPARES TO MOBILIZE FOR FIRST-EVER DRILL PROGRAM AT THE

LOVELOCK COBALT-NICKEL-COPPER PROJECT IN NEVADA

Vancouver, BC / TheNewswire / September 29, 2021 / Global Energy Metals

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

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

investment exposure to the ba Gery metals supply chain, is pleased to

announce that it has secured O’Keefe Drilling Company, an established drill

contractor based in BuGe, Montana, to complete up to 1,000 metres of

reverse circulaSon drilling at its district-scale, Lovelock Cobalt-Nickel-Copper

project (“Lovelock”) located in the proliﬁc IOCG belt of the SSllwater Range in

Nevada, USA.

Highlights

•Up to 1,000 metres of targeted reverse-circulaSon drilling;

•Drilling will focus on making new copper-nickel-cobalt discoveries along

newly deﬁned conductors at Lovelock;

•Recent geophysics studies have idenSﬁed high-priority drill targets that

complement the exploraSon ﬁeldwork previously conducted;

•There is strong discovery potenSal in and around the Lovelock properSes as

well as at regional targets idenSﬁed; and

•Modern exploraSon techniques and methods are being uSlized at the Com-

pany’s U.S. properSes with a goal of making new discoveries of baGery met-

als criScal to the technologies enabling a low-carbon economy.

Timothy Strong, Global Energy Metals’ Project Development Manager com-

mented:

“In addi’on to having historical mining of high-grade cobalt, nickel and cop-

per, recent electromagne’c and explora’on ﬁeldwork suggests that the land

package that makes up Lovelock remains highly prospec’ve for making new

discoveries and that the extensive system has the poten’al for high grades.

We look forward to commencing this ini’al drill program at Lovelock and will

be systema’cally tes’ng addi’onal regional targets in the coming months.”

The majority of the ﬁrst pass drilling program this season will be focused on

conﬁrming intersecSons of cobalt-nickel-copper bearing vein that correlates

with historical underground mining and mapped superﬁcial cobalt-nickel-cop-

per occurrences. It is anScipated the drill program will demonstrate broader

mineralizaSon across the width and depth of the occurrence which remains

open in all direcSons.

As previously reported in late 2020, an independent interpretaSon of the re-

gional structure of the Lovelock property, speciﬁcally in the vicinity of the his-

torical mining of high-grade cobalt and nickel that occurred at the Lovelock

Mine suggest that the Lovelock Mine is located within a corridor of strong

structural control with several subparallel structures indicaSng the potenSal

for mulSple mineralized zones related to these structures. Importantly, the

geophysics study has idenSﬁed high-priority drill targets that complement the

exploraSon ﬁeldwork previously conducted.

The data interpretaSon has allowed for a beGer understanding of the area,

extending from previously mined orebodies to key undeveloped prospects

and exploraSon targets, and greatly enhances the Company’s ability to suc-

cessfully target and explore for new, buried, high-grade cobalt-nickel-copper

deposits across the large footprint in a highly prospecSve mining district.

Qualiﬁed Person

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

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

Global Energy Metals Corporation

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

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

rechargeable baFery and electric vehicle market by building a diversi ﬁed

global porGolio of explora’on and growth-stage baFery 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 baFery 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 Golio of

strategically signiﬁcant investments in baFery 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 believe the the

’me to be part of this electriﬁca’on movement.

For Further InformaUon:

Global Energy Metals CorporaSon

#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 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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