GEMC:CC - Global Energy Metals Announces High-Tech Metals Summer Sampling Program Returns Encouraging Nickel Copper and Cobalt Assays at the Werner Lake Cobalt Project

(TheNewswire)

Vancouver, BC - TheNewswire - August30, 2023 - Global Energy Metals Corporation ( TSXV:GEMC ) ( OTC:GBLEF ) ( FSE:5GE1 ) (“Global Energy Metals”, the“Company” and/or “GEMC”) , amulti-jurisdictional, multi-commodity critical mineral exploration anddevelopment company focused on growth-oriented battery metal projectssupporting the global transition to clean energy, is pleased to reportthat High-Tech Metals Limited (“High-Tech”), an equity investee ofGEMC, has is pleased to announce significant results have beenachieved through the Ni-Cu-Co geochemical assessment of 209 rocksamples collected during the 2023 field season at Werner Lake Project(Werner Lake, or the Project) located in northwestern Ontario.

The results are extremely encouraging for Werner Lakeand confirm the Cu-Co potential of the Project, as well as thediscovery of high-grade nickel sulphide at surface. With 209 samplestaken as part of the program, 12 samples exceeded grades of more than1% cobalt or 1% copper and 3 samples returned results greater than 1%Ni. These over-limit samples are being re-assayed with resultspending.

HIGHLIGHTS

• High-grade nickel sulphide (greater than 1% Ni) rockchips at Werner Lake, which has predominately been explored for cobaltand copper. Rock chips also returned high grade samples including6.22% Cu and 1% Co.

• Three surface samples exceeded grades of 1% Ni(exceeded upper detection limit) over-limit assays of these samplesare pending.

• Additionally, more than 12 samples exceeded grades of1% cobalt or 1% copper (exceeded upper detection limit) includingindividual sample results of:

  • Sample F0015125 - 6.22% Cu and 0.5% Co;

  • Sample F0015010 - 3.48% Cu and 1% Ni;

  • Sample F0014501 - 1% Co and 0.2% Cu; and,

  • Sample F0015073 - 1% Ni and 0.8% Cu.

• The discovery of the nickel sulphide potential will nowbe prioritized and targeted for the upcoming HTM drilling programscheduled to begin towards the end of September.

• The HTM field team collected 209 rock samples over thecourse of June and July, and coupled with results from the springground magnetic survey, has greatly assisted in delineating theNi-Cu-Co drill targets.

• These results support the systematic explorationapproach that High-Tech is taking in unlocking value at Werner Lakeand has encouraged the Company to explorefurther Nickel sulphide potential in the area.

• The old Gordon Lake Mine is located 3.5 km to the Eastof Werner Lake, which produced 1,370,285 tons averaging 0.92% Ni and0.47% Cu and has existing reserves of 170,420tonnes averaging 0.85% Ni and 0.35% Cu . To thewest of Werner Lake is the Norpax Deposit that has a historic resourceof 1,010,000 tonnes 1.2% Ni and 0.5% Cu

• HTM is looking forward to building upon its currentMineral Resources Estimate (MRE) at Werner Lake which currently totals720,000 lbs @ 0.51% Co 0.24% Cu.

• HTM is actively evaluating numerous new projectpossibilities near Werner Lake. It is consistently conducting thoroughinternal assessments of projects that align with the Company's goal ofspecializing in battery metals. Of special interest are ventures thatenhance the Company's involvement in the recently discovered nickelpotential of Werner Lake.

1. Parker 1988 in Ontario GeologicalSurvey Open File Report 5975 “Geology of Nickel-Copper-ChromiteDeposits and Cobalt-Copper Deposits at Werner–Rex–Bug Lakes,English River Subprovince, Northwestern Ontario”

2. Canadian Mines Handbook 1963, pg215

3. High-Tech Metals LimitedReplacement Prospectus dated 8 November 2023.

This follows the successful orientation groundgeophysical program, (Refer to High-Tech’s ASX Releases dated 20thApril 2023 and 26th May 2023) which was pivotal in identifyingpotential mineral deposits and improving the understanding of thegeological structure of the area.

High-Tech is in the final steps of planning its maidendrill program at Werner Lake targeting high priority drill targets,with drilling planned for this Fall/Autumn. Drill targeting isfocussing on proximity of significant base metal results with highmagnetic anomalies.

In January 2023 GEMC completed the divestment of its70% interest in the Werner Lake Project to High-Tech.  The Companycurrently holds 2.5 million High-Tech shares representing a 7.61%interest in the ASX company. See news release linked here: https://globalenergymetals.com/news/global-energy-metals-announces-high-tech-metals-raises-aud-4.718m-lists-on-the-asx-and-completes-on-acquisition-of-the-werner/ .

For further details regarding the Werner Lake CobaltProject and the geochemical assessment of 209 rock samples, includingthe project updates, highlights, images and maps, please see High-TechMetals website https://hightechmetals.com.au/ .

High-Tech Metals Limited

High-Tech Metals Limited (ASX:HTM) is an ASX-listedcompany focused on the exploration and development of its flagship,100 per cent owned Werner Lake Cobalt Project (the Project) located innorth-western Ontario, within the Kenora Mining District,approximately 85 km north-northwest of Kenora, Ontario andapproximately 170 km east-northeast of Winnipeg, Manitoba. The Projectwas acquired from Global Energy Metals Corporation (70%) and MarqueeResources Limited (30%).

Qualified Person

Mr. Paul Sarjeant, P. Geo., a Director and shareholderis the qualified person for this release as defined by NationalInstrument 43-101 - Standards of Disclosure for MineralProjects.

For Further Information:

Global Energy Metals Corporation

#1501-128 West Pender Street

Vancouver, BC, V6B 1R8

Email: info@globalenergymetals.com

t. + 1 (604) 688-4219

www.globalenergymetals.com

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Global Energy Metals Corporation

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

Global Energy Metals Corp. offersinvestment exposure to the growing rechargeable battery and electricvehicle market by building a diversified global portfolio ofexploration and growth-stage battery mineral assets.

Global Energy Metalsrecognizes that the proliferation and growth of the electrifiedeconomy in the coming decades is underpinned by the availability ofbattery metals, including cobalt, nickel, copper, lithium and otherraw materials. To be part of the solution and respond to thiselectrification movement, Global Energy Metals has taken a‘consolidate, partner and invest’ approach and in doing so haveassembled and are advancing a portfolio of strategically significantinvestments in battery metal resources.

As demonstrated withthe Company’s current copper, nickel and cobalt projects in Canada,Australia, Norway and the United States, GEMC is investing-in,exploring and developing prospective, scaleable assets in establishedmining and processing jurisdictions in close proximity to end-usemarkets. Global Energy Metals is targeting projects with low logisticsand processing risks, so that they can be fast tracked to enter thesupply chain in this cycle.  The Company is also collaborating withindustry peers to strengthen its exposure to these criticalcommodities and the associated technologies required for a cleanerfuture.

Securing exposure tothese critical minerals powering the eMobility revolution is agenerational investment opportunity. Global Energy Metals believesNow is the Time to be part of this electrificationmovement.

Cautionary Statementon Forward-Looking Information:

Certain informationin this release may constitute forward-looking statements underapplicable securities laws and necessarily involve risks associatedwith regulatory approvals and timelines. Although Global Energy Metalsbelieves the expectations expressed in such forward-looking statementsare based on reasonable assumptions, such statements are notguarantees of future performance and actual results or developmentsmay differ materially from those in the forward-looking statements.Except as required by law, the Company undertakes no obligation toupdate these forward-looking statements in the event thatmanagement’s beliefs, estimates or opinions, or other factors,should change.

GEMC’s operationscould be significantly adversely affected by the effects of awidespread global outbreak of a contagious disease, including therecent outbreak of illness caused by COVID-19. It is not possible toaccurately predict the impact COVID-19 will have on operations and theability of others to meet their obligations, including uncertaintiesrelating to the ultimate geographic spread of the virus, the severityof the disease, the duration of the outbreak, and the length of traveland quarantine restrictions imposed by governments of affectedcountries. In addition, a significant outbreak of contagious diseasesin the human population could result in a widespread health crisisthat could adversely affect the economies and financial markets ofmany countries, resulting in an economic downturn that could furtheraffect operations and the ability to finance itsoperations.

For more informationon Global Energy and the risks and challenges of their businesses,investors should review the filings that are available atwww.sedar.com.

Neither TSX VentureExchange nor its Regulation Services Provider (as that term is definedin the policies of the TSX Venture Exchange) accepts responsibilityfor the adequacy or accuracy of this release.

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