GLO.TO · 2018-08-15 12:00:00

Global Atomic Announces Uranium Mineralization Continues to Grow Along Strike and Down Dip at Dasa Project Step Out Drilling Returns 3,353 PPM eU3O8 over 69.8m Including 38,653 PPM (3.9%) over 4.6m eU3O8 at Tegama Hill Main Zone

Drill Results

PRESS RELEASE

GLOBAL ATOMIC ANNOUNCES URANIUM MINERALIZATION CONTINUES TO GROW

ALONG STRIKE AND DOWN DIP AT DASA PROJECT

STEP OUT DRILLING RETURNS 3,353 ppm eU3O8 over 69.8m INCLUDING 38,653 ppm

(3.9%) OVER 4.6m eU3O8 AT TEGAMA HILL MAIN ZONE

Toronto, ON, August 15, 2018: Global Atomic C orporation (“Global Atomic” or the “Company”), (TSX-V: GLO /

OTCBB: SYIFF / Frankfurt: G12 ) is pleased to announce the following exploration update from its flagship DASA

Project in the Republic of Niger, West Africa.

Highlights:

 Drilling at DASA along strike and down dip has been successful in confirming Global Atomic’s geologic

interpretation of the deposit and has identified five distinct areas of new mineralization.

 High grade mineralization was intersected at the Tegama Hill Main Zone, hole ASDH 577 returned 3,353

ppm eU3O8 over 69.8 metres, including 38,653 (3.9%) eU3O8 over 4.6 metres.

 Southwest Extension Zone 1 proved to have excellent mineralization in the Teloua formation, with hole

ASDH 558 returning 19,933 (2.0%) eU3O8 over 9.5 metres, which included 54,101 (5.4%) eU3O8 over 3.3

metres. ASDH 574 returned 1,737 ppm U 3O8 over 85.9 metres, including 5,597 ppm eU3O8 over 3.6

metres.

Stephen G. Roman, President and CEO, commented “Our geological model has proven correct with new high grade

zones identified, which could have a substantial impact on the size of the DASA Deposit. Our next phase of drilling

will focus on these extensions and a new resource will be calculated once Phase 2 drilling is completed. Currently,

we continue to develop our Flank Zone area with CSA Global, with a PEA expected in September. The Flank Zone

will be the target of initial operations in order to supply Orano Mining with mineralized material under the MOU

signed in 2017” said Mr. Roman.

DASA Targeted Drill Areas (Looking East)

The following table summarizes latest drilling of the Tegama Hill extensions at DASA:

Zone Hole From (meters) – To

(meters)

Length (meters) Grade

(ppm/% eU3O8)

Southwest

Extension Zones 1

and 2

ASDH 556G

including

ASDH 558

including

ASDH 574E

including

ASDH 578F

including

ASDH 578G

704.4 – 752.2

704.8 – 706.2

404.6 – 414.1

406.1 – 409.4

490.1 – 576.0

497.7 – 501.3

511.5 – 517.2

717.0 – 768.7

718.8 -721.5

731.7 – 734.5

765.2 – 768.4

765.7 – 768.3

787.6 – 799.4

47.8

1.4

9.5

3.3

85.9

3.6

5.7

51.7

2.7

2.8

3.2

2.6

11.8

1,806

13,511 (1.4%)

19,933 (2.0%)

54,101 (5.4%)

1,737

5,597

4,484

2,425

7,756

5,536

11,867 (1.4%)

15,308 (1.5%)

1,478

Tegama Hill South

Zone

ASDH 559B

including

ASDH 559I

including

451.1 – 459.3

453.2 – 455.1

661.0 -677.2

664.9 – 667.0

8.2

1.9

16.2

2.1

4,820

20,538 (2.1%)

2,098

13,286 (1.3%)

Tegama Hill Main

Zone

ASDH 577E

including

DADH 388C

including

DADH 389D

including

DADH 390A

including

DADH 390B

including

DADH 390C

including

521.2 – 591.0

552.9 -557.5

494.2 – 561.0

511.7 – 513.4

492.1 – 589.1

498.7 – 500.3

543.2 – 544.3

546.3 – 550.0

585.2 – 587.6

420.6 – 437.5

431.1 – 433.9

505.6 – 525.3

513.6 – 516.2

529.6 – 547.7

539.4 – 541.4

543.3 – 544.8

69.8

4.6

66.8

1.6

97.0

1.6

1.1

3.7

2.4

16.9

2.8

19.7

2.6

18.1

2.0

1.5

3,353

38,653 (3.8%)

1,228

9,380

2,348

12,752 (1.3%)

21,285 (2.1%)

13,875 (1.4%)

8,465

1,175

5,348

1,017

2,576

848

2,393

2,018

Northeast Extension

Zone

DADH 379C

DADH 381C

including

430.5 – 435.5

359.0 – 378.0

360.5 – 363.5

368.0 – 369.0

5.0

19.0

3.0

1.0

1,454

1,010

1,863

2,455

* These are preliminary results based on gamma probing. Final results will be released once chemical assaying is completed at ALS Global in Vancouver,

Canada. Terratec AG probed the holes using the Electomind DIL 1125 gamma probe and a Geiger Mueller probe UEP 1805 was used for high grades.

Mr. George A. Flach, P.Geo., VP Exploration, commented “The strataform nature of this sandstone deposit shows

many intersections of mineralization that can be seen in the accompanying table. The exciting discoveries we

have made include high grades in all units within the Jurassic, Triassic and Carboniferous sandstone horizons.”

QP Statement

George A. Flach, Vice President of Exploration, P.Geo. is the Qualified Person (QP) as defined in NI 43-101 and has

prepared, supervised the preparation of, and approved the scientific technical disclosure in this news release.

About Global Atomic

Global Atomic is a TSX Venture listed company providing a unique combination of high grade uranium

development and cash flowing zinc concentrate production.

The Company’s Uranium Division includes six exploration permits in the Republic of Niger covering an area of

approximately 750 km 2. Uranium mineralization has been identified on each of the permits, with the most

significant discovery being the DASA deposit situated on the Adrar Emoles III concession, discovered in 2010 by

Global Atomic geologists through grassroots field exploration.

Global Atomics’ Base Metals Division holds a 49% interest in Befesa Silvermet Turkey, S.L. (“BST”), which operates

a processing facility located in Iskend erun, Turkey that converts Electric Arc Furnace Dust into a high -grade zinc

oxide concentrate and sold to zinc smelters around the world. The Company’s joint venture partner, Befesa Zinc

S.A.U. (“Befesa”, listed on the Frankfurt exchange under ‘BFSA’), ho lds a 51% interest in and is the operator of

BST. Befesa is a market leader in EAFD recycling, capturing approximately 50% of the European EAFD market with

facilities located throughout Europe and Korea.

Key contacts:

Stephen G. Roman George A. Flach, P.Geo.

Chairman, President & CEO Vice President, Exploration

Tel: (416) 368-3949 Tel: (416) 368-3949

Email: [email protected] Email: [email protected]

The information in this release may contain forward -looking information under applicable securities laws. This forward -looking information is subject to known and

unknown risks, uncertainties and other factors that may cause actual results to differ materially from those implied by the forward -looking information. Factors that

may cause actual results to vary include, but are not limited to, inaccurate assumptions concerning the exploration for and development of mineral deposits, political

instability, currency fluctuations, unanticipated operational or technical difficulties, changes in laws or regulations, the risks of obtaining necessary licenses and

permits, changes in general economic conditions or conditions in the financial markets an d the inability to raise additional financing. Readers are cautioned not to

place undue reliance on this forward -looking information. The Company does not assume the obligation to revise or update this forward -looking information after

the date of this release or to revise such information to reflect the occurrence of future unanticipated events, except as may be required under applicable securities

laws.

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accur acy of this news release.

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