Powered BY Cobalt … Driven BY Demand Global Energy Metals Reminds Warrant Holders of the Previously Announced Early Exercise Incentive Program and Notice of Early Expiry of All Remaining Warrants

TSX.V GEMC

www.globalenergymetals.com

Suite 1501,

Sun Tower

128 West Pender St. Vancou-

ver , BC

V6B 1R8

T +1.604.688.4219

Twitter @EnergyMetals

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GLOBAL ENERGY METALS REMINDS WARRANT HOLDERS OF

THE PREVIOUSLY ANNOUNCED EARLY EXERCISE INCENTIVE

PROGRAM AND NOTICE OF EARLY EXPIRY OF ALL

REMAINING WARRANTS

Vancouver, BC / TheNewswire / February 21, 2023 / Global Energy Metals

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

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

ment exposure to the ba7ery metals supply chain, would like to provide a re-

minder of the no;ce provided on February 7, 2022 (“February Press Release”)

of the accelerated expiry of the Company’s share purchase warrants (the

“Warrants”). As announced in the February Press Release, the expiry of the

Warrants is being accelerated to 4:00pm (Pacific Time) on March 15, 2023.

Please note, any Warrants that remain unexercised by 4:00 p.m. (Paci fic

Time) on the Accelerated Expiry Date will expire and be cancelled.

The Company wishes to also remind holders of eligible warrants of its early

warrant exercise incen;ve program (the “Program”) intended to encourage

the early exercise of up to 13,506,500 share purchase warrants (the “Eligible

Warrants") that were issued pursuant to three non-brokered private place -

ments that closed in September 2020, May 2021 and March 2022.

The Program commenced on January 27, 2023, at 9:00 a.m. PST and will ex-

pire on February 27, 2023, at 4:00 p.m. PST (the “Early Exercise Expiry

Date”).

Under the Program, holders of Eligible Warrants who elect to exercise their

Eligible Warrants at the price of $0.08 per Eligible Warrant before the Early

Exercise Expiry Date will receive:

•common shares in the capital of the Company to which they are otherwise

en;tled under the terms of the Eligible Warrants; and

•one addi;onal common share purchase warrant of the Company (each, an

"Incen;ve Warrant") en;tling the holder to acquire an addi;onal common

share of the Company at a price of $0.15 per share for a period of twelve

(12) months from the date of issuance of such Incen;ve Warrant, subject to

accelera;on as noted below.

Please note, Eligible Warrants that remain unexercised by 4:00 p.m. (Pacific

Time) on the Early Exercise Expiry Date will not be eligible for the Program.

Addi;onal details of the Program, including the documenta;on required to be

delivered by holders to the Company on or before the Early Exercise Expiry

Date, are available in the Company's news release dated January 16, 2023.

Global Energy Metals Corporation

(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 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 our current copper, nickel and cobalt projects in

Canada, Australia, Norway and the United States, we’re invesBng-in, exploring

and developing prospecBve, scaleable assets in established mining and

processing jurisdicBons in close proximity to end-use markets. We’re targeBng

projects with low logisBcs and processing risks, so that they can be fast

tracked to enter the supply chain in this cycle. We’re also collaboraBng with

industry peers to strengthen our exposure to these criBcal 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. We believe the the Bme to be part of

this electrificaBon movement.

For Further InformaCon:

Global Energy Metals Corpora;on

#1501-128 West Pender Street

Vancouver, BC, V6B 1R8

Email: [email protected]

t. + 1 (604) 688-4219

www.globalenergymetals.com

Twi7er: @EnergyMetals | @USBa7eryMetals | @ElementMinerals

CauConary Statement on Forward-Looking InformaCon:

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.