Powered BY Cobalt … Driven BY Demand Global Energy Metals Significantly Increases Its Australian Cobalt Footprint at Millennium with Acquisition of District-Scale MT. Isa Cobalt Projects

TSX.V GEMC


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Powered by Cobalt … Driven by Demand

GLOBAL ENERGY METALS SIGNIFICANTLY INCREASES ITS

AUSTRALIAN COBALT FOOTPRINT AT MILLENNIUM WITH

ACQUISITION OF DISTRICT-SCALE MT. ISA COBALT

PROJECTS

Vancouver, BC / TheNewswire / March 14, 2018 / Global Energy

Metals Corporation TSXV:GEMC | OTCQB:GBLEF | FSE:5GE1

(“Global Energy Metals”, the “Company” and/or "GEMC") is pleased

to announce that it has entered into a letter of intent (the “LOI”)

with Hammer Metals Limited (“Hammer”) setting the terms for the

strategic acquisition of the Mount Dorothy Cobalt Project and the

Cobalt Ridge Project, collectively the “Mt. Isa Projects”, a district-

scale exploration opportunity located in Queensland Australia’s Mt. Isa

mining jurisdiction.

Highlights:

•Positions Global Energy Metals as a leading cobalt explorer and de-

veloper in the famed Mt. Isa mining district.

•Expands cobalt footprint delivering a transformational nearly twen-

ty-fold increase in the Company’s Australian land position from 135

hectares at Millennium to 2560 hectares with the addition of the Mt.

Isa Projects creating a district-scale cobalt exploration and devel-

opment opportunity.

•Significant upside exploration potential with cobalt-copper mineral-

ization previously identified but not exploited with cobalt being the

commodity of emphasis.

•Strategic exploration and development alliance strengthens partner-

ship with Hammer Metals and utilizes their regional and technical

expertise to effectively and efficiently develop a systematic explo-

ration plan that will determine the extent of the potential cobalt

mineralization.

•Upon completion of the transaction the Company intends to imme-

diately commence field and geophysical exploration work to further

delineate drilling targets and define a resource within the prospec-

tive new cobalt camp.

Mitchell Smith, President & CEO commented on the building of an

Australian cobalt district, “In addition to advancing the Millennium

Cobalt Project, the acquisition of these district-scale cobalt

properties to our cobalt portfolio represents an opportunistic and

strategic investment consistent with the Company’s cobalt focused

supply mandate. Our alliance with Hammer provides greater depth

to our exploration efforts in the region and allows for the defining of

a new district-scale cobalt camp. The need to source non-conflict

future supply of cobalt as feed to the growing demand being fuelled

by the surge in production of electric vehicles and battery based

consumer electronics has become very apparent. This building of a

cobalt camp in Australia is a step closer to supply diversification that

will further unlock and enhance value for our shareholders and

strategic downstream partners.”

Alex Hewlett, Managing Director of Hammer Metals also

commented, “We are very pleased to be strengthening our

partnership with GEMC and combining efforts to build a new cobalt

camp in the Mt. Isa mining district. This strategic alliance offers

shareholders of both companies extensive possibilities for growth and

aligns well with Hammer’s strategy by leveraging our infrastructure

and proven operational expertise that will be key in furthering the

exploration and development potential in this important cobalt rich

region.”

Strategic Exploration Alliance Terms:

The terms of the proposed LOI (the “Transaction) provide that,

subject to the satisfaction of certain conditions, including, but not

limited to, completion of due diligence, negotiation of definitive

documentation in respect of the transaction, and the receipt of any

required regulatory approvals, including the approval of the TSX

Venture Exchange, GEMC would have the right to acquire 100% of

certain rights and interests known as the the Cobalt Ridge and Mt.

Dorothy projects (the “Mt. Isa Projects”) located in Queensland,

Australia.

Upon completing its due diligence and upon meeting the

aforementioned conditions, should GEMC elect to enter into a

Definitive Agreement with Hammer, GEMC would have the exclusive

right to acquire a 100% interest in the Mt. Isa Projects by:

•Issuing to Hammer a cash payment of $80,000 on execution of the

Definitive Agreement;

•Issuing to Hammer the equivalent of $300,000 in common shares in

the capital of GEMC at a deemed issue price determined by the

greater of $0.25 or the 5 day average price per share from the final

acceptance by the TSX-V of the transaction (the “Closing Date”);

•Within the first 24 months from the Closing Date, agree to incur a

minimum cumulative exploration expenditure on the properties in

the amount of $1,000,000;

•Should GEMC fail to make the required exploration

expenditures, GEMC will will issue to Hammer a cash payment

of $100,000 and the equivalent of $250,000 in common shares

in the capital of GEMC;

•The parties will also agree to a 1.5% Net Smelter Royalty (“NSR”) in

favour of Hammer; and

•Upon completing a NI 43-101 compliant resource report on either of

the two projects, GEMC will issue to Hammer the equivalent of

$250,000 in common shares in the capital of GEMC.

All GEMC shares issued pursuant to the transaction will be subject to

a statutory hold period of four months and one day following the date

of issuance thereof and the deemed issue price determined by the 5

day average price per share from the date of issuance. In addition,

the ordinary shares of GEMC to be issued will be subject to a

contractual lock-up period of twelve months following their issue to

Hammer, during which these shares may not be transferred.

Developing the Mt. Isa Cobalt Portfolio

These projects, in addition to the Millennium Cobalt Project

(“Millennium”) comprise GEMC’s Mt. Isa cobalt project portfolio and

along with its Werner Lake Cobalt Project (“Werner Lake”) in

northwestern Ontario Canada will be a foundation to further

corporate growth as the Company advances the assets towards

economically mineable deposits. As previously reported, GEMC has

also teamed with partner Marquee Resources, an Australian company

that is sole-funding a CAD $2.5 million work campaign to advance the

past producing Werner Lake mine.

Further exploration and development of the new Mt. Isa projects

along with the existing advancement of Millennium is a priority for

GEMC. With the recent successful drilling at Millennium Global

Energy sees great value in strengthening its strategic exploration

alliance with Hammer. Hammer brings a track record of efficiently

moving assets from exploration through permitting to development

and was recipient of the Queensland Miner of the Year (2015) by the

ASX. They will utilize their regional and technical expertise to

effectively and efficiently develop a systematic exploration plan that

will determine the extent of the potential cobalt mineralization.

Under the terms of the agreement, GEMC will provide a million

dollars funding field and geophysical exploration work in an effort to

further delineate drill targets that will be used to define a resource

within the prospective new cobalt camp. Historic work on the Mt. Isa

Cobalt Projects has shown that past results have been very promising,

including favourable drilling results that highlighted cobalt

mineralization.

Given their expertise in the region, Hammer will manage the

programs and will be granted a services agreement for a period of

time no less than 12 months providing for local engineering,

geological services, permitting and environmental services for the

projects. According to the LOI, exploration programs and budget

plans to be applied on the Mt. Isa Cobalt Projects will be under the

guidance of GEMC.

The Mt. Isa Projects:

The Mt. Isa Projects present as an excellent opportunity to acquire

high-grade, underexplored assets in close proximity to a processing

solution as well as stand-alone potential.

Figure 1. Location Map of the Mt. Isa Projects

Exploration to date has returned outstanding, high-grade intercepts

and there is excellent potential to significantly improve the

understanding of the projects with with multiple high grade targets

awaiting further exploration and testwork. Significant cobalt

intercepts include:

•Mount Dorothy exploration drilling:

▪7m @ 0.14% Co, 2.55% Cu

▪2m @ 0.12% Co, 0.13% Cu

•Cobalt Ridge exploration roc chip sampling:

▪ 0.31% Co, 3.63% Cu, 1.25g/t Au

The deposits and prospects are similar in size and style to other

deposits in the region that have been successfully mined by small-

scale open pit techniques which implies that the project

mineralisation may be economically extracted.

The Mt Isa Inlier is a highly mineralised, established, world class

mining jurisdiction with significant regional infrastructure several

world-class copper-gold-cobalt and lead-zinc-silver mines and

deposits, including CuDeco Limited’s operating Rocklands copper-

gold-cobalt project.

Qualified Person

Mr. Paul Sarjeant, P . Geo., the Company’s VP Projects and Director, is

the qualified person for this release as defined by National Instrument

43-101 - Standards of Disclosure for Mineral Projects and has reviewed

and verified the technical information contained herein.

Hammer Metals Limited (ASX:HMX)

Hammer Metals holds a strategic tenement position covering approx-

imately 3,100km2 within the Mount Isa mining district, with 100% in-

terests in the Kalman (Cu-Au-Mo-Re) deposit, the Overlander North

and Overlander South (Cu-Co) deposits, the Millennium (Cu-Co- Au)

deposit as well as the recently acquired Elaine-Dorothy (Cu-Au) de-

posit. Hammer is an active mineral explorer , focused on

discovering  large copper-gold deposits of the Ernest Henry style and

has a range of prospective targets at various stages of testing.

Global Energy Metals Corporation

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

Global Energy Metals is focused on offering security of supply of

cobalt, a critical material to the growing rechargeable battery

market, by building a diversified global portfolio of cobalt assets

including project stakes, projects and other supply sources. GEMC

anticipates growing its business by acquiring project stakes in battery

metals related projects with key strategic partners. Global Energy

Metals currently owns and is advancing the Werner Lake Cobalt Mine

in Ontario, Canada and has entered into an agreement to earn-in to

the Millennium Cobalt Project in Mt. Isa, Australia.

For Further Information:

Global Energy Metals Corporation

#1501-128 West Pender Street

Vancouver, BC, V6B 1R8

Email: [email protected]

t. + 1 (604) 688-4219 extensions 236/237

Cautionary Statement on Forward-Looking Information:

Certain information in this release may constitute forward-looking

statements under applicable securities laws and necessarily involve

risks associated with regulatory approvals and timelines. Although

Global Energy Metals believes the expectations expressed in such

forward-looking statements are based on reasonable assumptions,

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 obligation to update these forward-looking statements

in the event that management’s beliefs, estimates or opinions, or

other factors, should change. For more information 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 Regulation 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.