GEMC.V · 2023-10-25 12:00:00

Powered BY Cobalt … Driven BY Demand Global Energy Metals Announces Investee Company High-Tech Metals Announces Completion of Drilling at Ontario-Based Werner Lake Project

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 ANNOUNCES INVESTEE COMPANY

HIGH-TECH METALS ANNOUNCES COMPLETION OF DRILLING AT

ONTARIO-BASED WERNER LAKE PROJECT

Vancouver, BC / TheNewswire / October 25, 2023 / Global Energy Metals

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

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

commodity criKcal mineral exploraKon and development company focused on

growth-oriented baGery metal projects supporKng the global transiKon to

clean energy, is pleased to report that High-Tech Metals Limited (“High-Tech”

and/or “HTM”), an equity investee of GEMC, has announced that the drilling

program at the Werner Lake project in Ontario (“Werner Lake” and/or the

“Project”) has been completed for a total of 798m of diamond drilling. All

HTM samples have been sent to the Company’s lab services provider (ALS),

with assay results expected to start arriving in approximately 2-4 weeks’ Kme.

Figure 1 – Diamond Drilling at the Werner Lake Project.

This follows the signi ﬁcant results achieved through the Ni-Cu-Co

lithogeochemical sampling programme totalling 209 samples collected during

the 2023 ﬁeld season at Werner Lake Project (Werner Lake, or the Project)

located in northwestern Ontario (refer ASX release dated 30 August 2023).

The results are extremely encouraging for Werner Lake and conﬁrm the Cu-Co

potenKal of the Project, as well as the discovery of high-grade nickel sulphide

at surface. Of the 209 samples taken as part of the program, twelve samples

exceeded grades of more than 1% cobalt or 1% copper and three samples

returned results greater than 1% Ni.

Figure 2 – Diamond Drilling zones at the Werner Lake Project.

HTM is acKvely evaluaKng numerous new project possibiliKes near Werner

Lake. It is consistently conducKng thorough internal assessments of projects

that align with the HTM’s goal of specializing in baGery metals. Of special in-

terest are ventures that enhance the Company's involvement in the recently

discovered nickel potenKal of Werner Lake.

Next Steps

Figure 3 –Werner Lake exploraKon roadmap for 2023.

HTM is commiGed to responsible exploraKon pracKces and takes measures to

minimize the impact of its exploraKon acKviKes on the environment and local

communiKes.

LocaKon

Werner Lake is located in a known nickel province with the old Gordon Lake

Mine 3.5 km to the East. From 1962 to 1972, the old Gordon Lake mine pro-

duced 1,370,285 tons averaging 0.92% Ni and 0.47% Cu1 and has exisKng re-

serves of 170,420 tonnes averaging 0.85% Ni and 0.35% Cu. To the west of

Werner Lake is the Norpax Deposit that has a historic resource of 1,010,000

tonnes 1.2% Ni and 0.5% Cu.

Figure 4 – LocaKon of Mineral Deposits in the Werner Lake Belt.

High-Tech Metals Limited

High-Tech Metals Limited (ASX:HTM) is an ASX-listed company focused on the

exploraKon and development of its ﬂagship, 100 per cent owned Werner Lake

Cobalt Project (the Project) located in north-western Ontario, within the

Kenora Mining District, approximately 85 km north-northwest of Kenora,

Ontario and approximately 170 km east-northeast of Winnipeg, Manitoba.

The Project was acquired from Global Energy Metals CorporaKon (70%) and

Marquee Resources Limited (30%).

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 InformaTon:

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 CorporaTon

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

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

rechargeable ba<ery and electric vehicle market by building a diversi ﬁed

global por@olio of exploraBon and growth-stage ba<ery mineral assets.

Global Energy Metals recognizes that the prolifera Bon and growth of the

electriﬁed economy in the coming decades is underpinned by the availability

of ba<ery metals, including cobalt, nickel, copper, lithium and other raw

materials. To be part of the solu Bon and respond to this electri ﬁcaBon

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

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

strategically signiﬁcant investments in ba<ery metal resources.

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

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

invesBng-in, exploring and developing prospec Bve, scaleable assets in

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

markets. Global Energy Metals is targeBng projects with low logisBcs and

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

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

strengthen its exposure to these cri Bcal commodiBes and the associated

technologies required for a cleaner future.

Securing exposure to these criBcal minerals powering the eMobility revoluBon

is a generaBonal investment opportunity. Global Energy Metals believes Now

is the Time to be part of this electriﬁcaBon movement.

CauTonary Statement on Forward-Looking InformaTon:

Certain informaBon in this release may consBtute forward-looking statements

under applicable securiBes laws and necessarily involve risks associated with

regulatory approvals and Bmelines. Although Global Energy Metals believes

the expectaBons expressed in such forward-looking statements are based on

reasonable assumpBons, 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 Bon to update these forward-looking

statements in the event that management’s beliefs, esBmates or opinions, or

other factors, should change.

GEMC’s operaBons 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 operaBons and the ability of others to meet

their obligaBons, including uncertainBes relaBng to the ulBmate geographic

spread of the virus, the severity of the disease, the duraBon of the outbreak,

and the length of travel and quaranBne restricBons imposed by governments

of aﬀected countries. In addiBon, a signiﬁcant outbreak of contagious diseases

in the human populaBon could result in a widespread health crisis that could

adversely aﬀect the economies and ﬁnancial markets of many countries,

resulBng in an economic downturn that could further aﬀect operaBons and

the ability to ﬁnance its operaBons.

For more informaBon 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 RegulaBon 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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