Powered BY Cobalt … Driven BY Demand Global Energy Metals to Acquire Monument PEAK Copper-Silver-GOLD Project IN Idaho; Takes Strategic Interest IN Battery Metal Exploration Portfolio IN Quebec

TSX.V GEMC

www.globalenergymetals.com

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Sun Tower

128 West Pender St. Vancouver,

BC

V6B 1R8

T +1.604.688.4219

TwiGer @EnergyMetals

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GLOBAL ENERGY METALS TO ACQUIRE MONUMENT PEAK

COPPER-SILVER-GOLD PROJECT IN IDAHO; TAKES STRATEGIC

INTEREST IN BATTERY METAL EXPLORATION PORTFOLIO IN

QUEBEC

Vancouver, BC / TheNewswire / March 2, 2021 / Global Energy Metals

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

the “Company” and/or “GEMC”) is pleased to announce that it has entered

into a LeGer of Intent (the “LOI”) with DG Resource Management (“DGRM”

and/or the “Vendor”) for the acquisiYon (the “AcquisiYon”) of a fi\y percent

(50%) interest in a por^olio of baGery metal projects, which include:

-Monument Peak, Idaho (Copper, Silver, Gold)

-Chance Lake, Quebec (Nickel, Copper, Cobalt)

-Amiral, Quebec (Nickel, Copper, PGE’s)

The AcquisiYon is part of an ongoing e ffort by the Company to assemble

baGery metals-rich projects in top-Yer mining jurisdicYons with exploraYon &

development upside.

Mitchell Smith, President & CEO, Director comments:

“The ongoing consolida.on of strategically located ba4ery metals projects,

has allowed Global Energy Metals to establish itself as a dominant holder of

highly prospec.ve cri.cal metals projects with strong explora .on and

development upside. The addi.on of Idaho, U.S. based Monument Peak, and

the Quebec based Chance Lake and Amiral proper.es complement our current

porJolio and provides the Company with added exposure to North American

copper, cobalt, silver and nickel at a .me when quality resource projects are

needed to supply an apparent decades long growth cycle in demand of vehicle

electrifica.on and sta.onary energy storage.”

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 exploraYon-staged, high-grade, copper-

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

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

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

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

1980’s.

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

“unusual conYnuity” in associaYon with structural zones within serici Yc

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

width.

The mineralizaYon is described (Lavery, 1988) as “syngene.c and fits a

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

sec.on might be as much as 175 feet thick”.

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.

The company intends to complete a brief field program during the spring of

2021 and thence prepare a NI 43-101 Technical Report documen Yng all

historical and recent exploraYon on the property.

Chance Lake Nickel-Copper-Cobalt Property, Quebec, Canada

The Chance Lake Property is situated within the Labrador Trough,

approximately 100 km north of Sche fferville in the Nunavik Territory of

Quebec. The Property consists of 16 con Yguous claims covering

approximately 777.7 hectares.

MineralizaYon at the Property was first discovered in 1942-1943 at Chance

Lake and at Glance Lake. The primary occurrence is at Chance Lake, where

mineralizaYon consists of ultramafic lenses of massive sulphide (pyrrhoYte,

chalcopyrite, pentlandite, and sphalerite) surrounded by halos of

disseminated sulphide (pyrrhoYte and chalcopyrite). In 1959, Hollinger North

Shore ExploraYon Company Limited completed a series of drill holes targeYng

the Chance Lake occurrence. The program was successful in intersecYng both

disseminated and massive sulphide mineralizaYon with verYcal drill hole L9

returning 27.2 c (8.29 m) of 0.87% Ni and 0.90% Cu from 119.6 c to 146.8 c

depth (~35.5 m to 44.7 m). Analysis for plaYnum and palladium was not

completed on the core samples.

In 1959, a “tonnage esYmate” was completed on the Chance Lake occurrence

by the Hollinger North Shore ExploraYon Company Limited (Nicholson 1959,

GM09855). The historical esYmate outlined 716,031 tons at 0.66% Cu, 0.89%

Ni, 0.10% Co for the massive sulfide zone, or 967,393 tons at 0.49% Cu and

0.73% Ni for the combined massive sulphide and disseminated sulfide zones.

The Company cauYons that the historical esYmates (i.e. tonnage and grade

esYmates) documented for the Chance Lake occurrence have not been

independently verified by a Qualified Person and were not completed in

accordance with NI 43-101 Standards of Disclosure for Mineral Projects, and

therefore, should not be relied upon. The historical esYmates are not mineral

resources, and therefore, should not be treated as such.

Amiral Nickel-Copper-PGE Property, Quebec, Canada

The Amiral Property is an early-stage magmaYc Ni-Cu-PGE project located

within the Grenville Geological Province, approximately 120 Km northwest of

Sept-Îles, Quebec. The Property consists of 40 con Yguous mineral claims

covering an area of approximately 2,162.5 hectares and is easily accessible via

a network of old logging roads transecYng the area, and a rail line passing

within 3 km of the Property.

In 1999, a peridoYte rock unit was discovered on the Property, hosYng 1% to

30% sulphides including pentlandite and chalcopyrite (the “Amiral Showing”).

In 2002, an IP geophysical survey was completed and detected numerous

conducYve horizons on the Property, including some coincident with the

Amiral Showing.

To date, two zones of mineralizaYon have been idenYfied on the Property –

Amiral and Trench 4 – and are separated by approximately two (2) kilometres.

Historical sampling of the Amiral Showing returned 1.07% Ni and 0.35% Cu

over 6.5 m, including 1.54% Ni and 0.29% Cu over 2.1 m (GM59166). At the

Trench 4 Showing, historical sampling returned 0.63% Ni and 0.89% Cu

(GM62800).

Terms of the AcquisiTon:

In consideraYon of the AcquisiYon, and subject to TSX Venture Exchange (the

“TSXV”) acceptance, as applicable, the Company has agreed to make, cash

payments in the aggregate amount of CAD$200,000 and issue 1,750,000

common shares of GEMC and 1,750,000 common share purchase warrants

(“Warrants”) with each Warrant being exercisable at $0.30, subject to

acceleraYon, for a period of two years for a common share in GEMC.

$100,000 of the cash payment will be applied to project advancement

iniYaYves including the compleYon of a technical report on the Monument

Peak project.

The Payment Shares will be subject to resale restricYons of 4 months plus one

day in accordance with applicable securiYes legislaYon and will also be sub-

ject to a voluntary pooling arrangement, pursuant to which the shares will be

endorsed with applicable legends and released as follows:

•25% of the Payment Shares shall be released on that day that is four

months and one day following the date of issuance thereof;

•25% of the Payment Shares shall be released on the day that is eight

months and one day following the date of issuance thereof; and

•50% of the Payment Shares shall be released on the day that is twelve

months and one day following the date of issuance thereof.

Global Energy Metals intends to work alongside the DGRM team to a Gract

strategic partners to fund future project development at the projects while

leveraging its interest to create shareholder value through exploraYon suc-

cess.

Amongst other maGers, the agreement is subject to receipt of all approvals

and third-party consents of the boards of directors of Global and the Vendor,

and regulatory authoriYes, including but not limited to the Exchange TSX Ven-

ture Exchange and the compleYon of an equity financing in the context of the

market.

Private Placement:

The private placement offering is for a minimum 2,000,000 units (the “Units”)

of the Company at a price of $0.25 per Unit (the “O ffering”), with each

Unit comprised of one share and one transferrable share purchase warrant (a

“Warrant”). Each transferrable warrant will be exercisable to purchase an ad-

diYonal share of the Company for a period of 24 months from the closing date

at a price of CAD$0.30.

The net proceeds of the Offering will be used to fund the AcquisiYon as well

as for business development and working capital purposes.

The Company has agreed to and may pay a finder’s fee of 8% cash and 8%

broker warrants for Units sold to certain investors (“Broker Warrants”). Each

Broker Warrant enYtles the holder to acquire one common share of the Com-

pany at a strike price of $0.30 for a period of one year from the date of is -

suance. Warrants are subject to an acceleraYon clause whereby if on any 10

consecuYve trading days occurring a\er four months and one day has elapsed

from the closing date, the daily volume weighted average trading price of the

common shares of the Company is at least $0.50 per share, the Company may

accelerate the expiry date of the warrants to the 30th day a\er the date on

which the Company gives noYce to the subscriber in accordance with the war-

rant of such acceleraYon.

All securiYes to be issued pursuant to the Offering will be subject to a four

month hold period from the closing date under applicable securiYes laws in

Canada and among other things, receipt by Global Energy Metals of all neces-

sary regulatory approvals, including the TSX Venture Exchange.

The securiYes issued in connecYon with the Offering have not been nor will

they be registered under the United States SecuriYes Act of 1933, as amend-

ed, or state securiYes laws, and may not be offered or sold in the United

States or to an account for the benefit of US persons, absent such registraYon

or an exempYon from registraYon. This press release shall not consYtute an

offer to sell or the solicitaYon of an offer to buy the securiYes in the United

States or in any jurisdicYon in which such offer, sale, or solicitaYon would be

unlawful.

Qualified Person

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

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

Darren L. Smith, M.Sc, P .Geo, Dahrouge Geological ConsulYng Ltd., a regis-

tered permit holder with the Ordre des Géologues du Québec and a qualified

person as defined by NI 43-101, supervised the preparaYon of the technical

informaYon in this news release with respect to the Chance Lake and Amiral

proprieYes.

Global Energy Metals Corporation

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

Global Energy Metals is focused on offering investment exposure to the raw

materials deemed cri.cal for the growing rechargeable ba4ery market, by

building a diversified global porJolio of ba4ery mineral assets including

project stakes and sector specific equity posi.ons. GEMC an.cipates growing

its business through the acquisi .on and development of ba4ery mineral

projects alongside key strategic partners. The Company holds 100% of the

Millennium Cobalt Project and two neighbouring discovery stage explora.on-

stage cobalt assets in Mount Isa, Australia posi.oning it as a leading cobalt-

copper explorer and developer in the famed mining district in Queensland,

Australia. The Company holds an 85% interest in two ba4ery mineral projects,

the Lovelock Cobalt Mine and Treasure Box Project, located on the doorstep of

the world’s largest lithium-ion ba4ery produc.on plant, GigaNevada that

Tesla Motors Ltd. and partner Panasonic Corp. have built in Nevada, USA.

Addi.onally, the Company holds a 70% interest in the past-producing Werner

Lake Cobalt Mine project in Ontario, Canada.

For Further InformaTon:

Global Energy Metals CorporaYon

#1501-128 West Pender Street

Vancouver, BC, V6B 1R8

Email: [email protected]

t. + 1 (604) 688-4219

www.globalenergymetals.com

TwiGer: @EnergyMetals | @USBaGeryMetals | @ElementMinerals

CauTonary Statement on Forward-Looking InformaTon:

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.