GEMC.V · 2021-09-09 12:00:00

Powered BY Cobalt … Driven BY Demand Global Energy Metals Provides Updates ON Potential FOR Larger System with Monument PEAK Copper-Silver-GOLD Project IN Idaho, USA

Corporate Updates

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GLOBAL ENERGY METALS PROVIDES UPDATES ON POTENTIAL FOR

LARGER SYSTEM WITH MONUMENT PEAK COPPER-SILVER-GOLD

PROJECT IN IDAHO, USA

Vancouver, BC / TheNewswire / September 9, 2021 / Global Energy Metals

CorporaIon TSXV:GEMC | OTC:GBLEF | FSE:5GE1 (“Global Energy Metals” ,

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

to the ba5ery metals supply chain, is pleased to report that it has completed a

ﬁrst phase program of soil geochemical sampling and geological mapping at

the Monument Peak copper-silver-gold project in Idaho, United States.

The phased exploraDon program conducted by Dahrouge Geological Consult-

ing USA (DGC) included the collecDon of 557 soil samples and 13 rock samples

(see Figure 1).

During the course of exploraDon acDviDes at Monument Peak, crews idenD-

ﬁed several new areas of visible copper mineraliza Don (see Figures). The

strongly mineralized samples contained variable amounts of chalcopyrite and

copper oxide minerals, consistent with the known Cu-Ag/Au mineralizaDon on

the property. All soil and rock samples were shipped to Actlabs in Kamloops,

BC for mulDelement analysis (including silver) by aqua regia digesDon with

ICP-OES ﬁnish (code 1E3) for rock samples and ICP-MS ﬁnish (code UT1) for

soil samples and gold analysis by ﬁre assay with AA ﬁnish (package 1A2B-30).

Upon receipt of analyDcal results, the Company will re-evaluate all historical

and recent exploraDon data, as it appears the mineralized system may be

more extensive than previously thought. Results will be released as they be-

come available.

Timothy Strong, Project Development Manager commented:

“We’re excited by the ini/al ﬁndings from the ﬁrst phase of our summer work

program at Monument Peak. Ini/al prospec/ng work completed by Dahrouge

Geological suggest there is a much larger footprint to the polymetallic

mineraliza/on known at the property, than previous explora /on data

suggested. As such we’re very pleased by the observa/on and discovery of

several addi/onal copper, silver and gold target areas.”

Phase 1 Highlights of the Soil Sampling and Geological Reconnaissance

Sampling:

•Soil sampling program resulted in 557 soil samples and 13 rock

samples,

•IdenDﬁed historical pit in the south of the property approximately 200

m due east from the previous known showings which had abundant

copper oxide staining and quartz veining,

•IdenDﬁed another historical mineralized trench located along strike

between the central and southern showings with abundant quartz

veining and copper oxide,

•Documented and sampled historical dumps, workings, and addiDonal

outcrops, resulDng in the conclusion that the system could be

conDnuous over its enDre strike length, and

•The Company is re-evaluaDng the system, which it believes could be

larger than previously understood.

Figure 1. Monument Peak loca/on map highligh/ng rock and soil samples

collected.

Figure 2. Copper oxide staining on rocks located in a newly discovered

historical pit in the south of the property.

Figure 3. Rock sample from outcrop within historical mineralized trench

located along strike between the central and southern showings.

Figure 4. Rock sample from historical mineralized trench located along strike

between the central and southern showings.

Data collected during the summer/fall 2021 explora Don programs at

Monument Peak will be uDlized to prepare an independent technical report

and be used for the generaDon of drill targeDng / permi]ng.

A second phase of exploraDon at Monument Peak consisDng of a drone

magneDcs and photogrammetry is scheduled for later in the month. Details

of the Phase 2 program are outlined below.

Phase 2 - Drone MagneQcs Survey and Photogrammetry - Scheduled

•Conduct drone magneDcs survey over the enDre Monument Peak Property:

•130 line km at 50 m spacing, and

•Data processing using Oasis Montaj so_ware.

•Conduct high resoluDon photogrammetry survey over the enDre Monument

Peak Property

• 95 line km, and

• DSM generaDon and orthoimage using DJI terra.

Monument Peak Copper-Silver-Gold Project, Idaho, USA

The Monument Peak Project consists of 69 claims covering approximately

1,380 acres (~558.5 hectares). It is an exploraDon-staged, high-grade, copper-

silver-gold project, which covers two small past producing copper mines:

Jackson and Hungry Hill. Sporadic development and producDon in the area

occurred primarily during the early 1900’s, with some addiDonal development

in the 1950’s. The most recent exploraDon occurred during the 1970’s and

1980’s.

Mitchel (1972) described the Cu-Ag-Au mineralizaDon at Monument as having

“unusual conDnuity” in associaDon with structural zones within serici Dc

quartzites, which can be traced along 3,200 m strike that vary from 3 to 6 m

width.

The mineralizaDon is described (Lavery, 1988) as “syngene Dc and ﬁts a

volcanic-hosted (massive) sulﬁde model … where … the copper-mineralized

secDon might be as much as 175 feet thick”.

A previous program undertaken by DGC in 2020, included the collecDon of 56

rock samples to conﬁrm historical results, as announced in a previous news

release dated April 27, 2021. The ﬁeld work conﬁrmed both the presence of

signiﬁcant Cu, Ag mineralizaDon, but also the presence of signi ﬁcant gold

mineralizaDon. The samples were collected from three main areas over 3,200

m strike and from the separate Hungry Hill Mine; the arithmeDc average of all

samples was 2.34% Cu, 57.6 g/t Ag, and 0.68 g/t Au.

Project highlights follow (from North to South):

•North Showing: grab samples to 0.57% Cu, 248 g/t Ag, 57.5 g/t Au;

•Jackson Adit: grab samples to 13.6% Cu, 2,589 g/t Ag, 17.1 g/t Au;

•Chip Sample: 3.0 m of 7.03% Cu, 109 g/t Ag

•Chip Sample: 1.8 m of 3.11% Cu, 101 g/t Ag

•Chip Sample: 6.1 m of 4.32% Cu, 99 g/t Ag

•Anderson Occurrence: grab samples to 3.9% Cu, 89 g/t Ag, 2.5 g/t Au.

•Hungry Hill Mine (2 km east of main trend): 2.4 m of 17% Cu.

Field crews visited four known mineral occurrences (Jackson/Baker, Hungry

Hill Mine, Anderson and North Showing) and conﬁrmed the high-grade Cu-Ag

(+/- Au) mineralizaDon at all locaDons. Outcrop is sparse throughout the

property and commonly only exposed by historical workings. Observed

mineralizaDon style and grade is similar across all showings, with notably

higher copper grades (up to 20.9% Cu) at Hungry Hill, while the North

Showing had the highest gold values (up to 11.4 g/t Au). High grades of silver

(greater than 80 g/t Ag) were associated with all mineral occurrences.

Qualiﬁed Person

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

NaDonal 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 baOery and electric vehicle market by building a diversi ﬁed

global porPolio of explora/on and growth-stage baOery 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 baOery 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 Polio of

strategically signiﬁcant investments in baOery 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 InformaQon:

Global Energy Metals CorporaDon

#1501-128 West Pender Street

Vancouver, BC, V6B 1R8

Email: [email protected]

t. + 1 (604) 688-4219

www.globalenergymetals.com

Twi5er: @EnergyMetals | @USBa>eryMetals | @ElementMinerals

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CauQonary Statement on Forward-Looking InformaQon:

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

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spread of the virus, the severity of the disease, the dura/on of the outbreak,

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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.

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We seek safe harbour.

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