GBLEF - Global Energy Metals' Exploration Program At Monument Peak Project In Idaho Identifies Extensive Copper-Silver-Gold Mineralization

(TheNewswire)

Vancouver, BC - TheNewswire - November 24, 2021 - Global Energy MetalsCorporation ( TSXV:GEMC ) | ( OTCQB:GBLEF ) | ( FSE:5GE1 ) (“Global Energy Metals”, the“Company” and/or “GEMC ”), a company involved in the battery metals supply chain, ispleased to report that it has completed a program of rock and soilsampling, and geological mapping at the Monument Peakcopper-silver-gold project in Lemhi County, Idaho, UnitedStates.

The exploration program, conducted byDahrouge Geological Consulting USA (“DGC”), included thecollection of 557 soil samples and 13 rock samples (see Figure1).

Phase 1 Highlights ofthe Soil Sampling and Geological ReconnaissanceSampling:

• In total 557 soil samples and 13 rocksamples collected,

• Rock samples ranged up to 5.61% Cu, 175g/t Ag, 17.6 g/t Au; the samples returned an arithmetic average of2.18% Cu, 63 g/t Ag, 3.65 g/t Au,

• Soil samples show strong geochemical(Cu, Ag, Au) anomalism along the known mineralized trend, whichextends for 3,200+ metres,

• A mineralized pit in the south part ofthe property was identified 200 metres due east of previous knownmineralization,

• A newly identified historical trenchbetween the south and central showings confirms continuity ofmineralization, and

• Workings, outcrops, and soilgeochemistry imply the mineralized system could be continuous over itsentire known strike length of 3,200+ metres.

During the course of explorationactivities, field crews identified several new areas of visible coppermineralization (see Figures 2-4). The strongly mineralized samplescontained variable amounts of chalcopyrite and copper oxide minerals,consistent with the known Cu-Ag-Au mineralization on the property.

Timothy Strong,Project Development Manager commented:

“ We are very excited by the resultsgenerated by our recent work program at Monument Peak. Whileprospecting and soil geochemistry indicate a much larger footprint tothe polymetallic mineralization at the property, the observation anddiscovery of several additional areas with strong copper, silver andgold mineralization provides us with new high-priority targets for afuture drill program. It is astonishing that in this mature mining andexploration district in Idaho, a strategic project like the MonumentPeak property remains so under-explored and can so easily benefit fromexploration techniques being deployed.”

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Figure 1. MonumentPeak location map highlighting rock and soil samplescollected.

The 2021 rock samples continue to showstrong enrichment of precious metal enrichment.  12 of the 13 rock(grab) samples returned from 7.6 to 175 g/t Ag and 0.16 to 17.6 g/tAu.

Table 1. 2021 Rock SampleResults

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Figure 2. Sample151404 : 0.61 % Cu , 48.2 g/t Ag, 2.44 g/t Au. Rock sample with copper oxide staining located ina newly discovered historical pit in the south of theproperty.

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Figure 3. Sample151409: 3.59 % Cu, 112 g/t Ag, 1.63 g/t Au. Rock sample from outcropwithin historical mineralized trench located along strike between thecentral and southern showings.

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Figure 4. Sample151410: 4.93 % Cu, 87.8 g/t Ag, 17.6 g/t Au. Rock sample fromhistorical mineralized trench located along strike between theJackson/Baker Adit and Anderson Occurrence.

Data collected during the summer/fall2021 exploration programs at Monument Peak will be utilized to preparean independent technical report to assist with drill targeting andpermitting.

All soil and rock samples were shippedto Actlabs in Kamploops, BC for multielement analysis (includingsilver) by aqua regia digestion with ICP-OES finish (code 1E3) forrock samples and ICP-MS finish (code UT1) for soil samples and goldanalysis by fire assay with AA finish (package 1A2B-30).

Monument PeakCopper-Silver-Gold Project, Idaho, USA

The Monument Peak Project consists of 69claims covering approximately 1,380 acres (~558.5 hectares).  It isan exploration-staged, high-grade, copper-silver-gold project, whichcovers two small past producing copper mines: Jackson and HungryHill.  Sporadic development and production in the area occurredprimarily during the early 1900’s, with some additional developmentin the 1950’s.  The most recent exploration occurred during the1970’s and 1980’s.

Mitchel (1972) described the Cu-Ag-Aumineralization at Monument as having “unusual continuity” inassociation with structural zones within sericitic quartzites, whichcan be traced along 3,200 m strike that vary from 3 to 6 mwidth.

The mineralization is described (Lavery,1988) as “syngenetic and fits a volcanic-hosted (massive) sulfidemodel … where … the copper-mineralized section might be as much as175 feet thick”.

A previous program undertaken by DGC in2020, included the collection of 56 rock samples to confirm historicalresults, as announced in a previous news releasedated April 27, 2021 .  The field work confirmed both the presence of significantCu, Ag mineralization, but also the presence of significant goldmineralization.  The samples were collected from three main areasover 3,200 m strike and from the separate Hungry Hill Mine; thearithmetic average of all samples was 2.34% Cu, 57.6 g/t Ag, and 0.68g/t Au.

Project highlights follow (from North toSouth):

• 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/tAg

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

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

• Anderson Occurrence: grab samples to3.9% Cu, 89 g/t Ag, 2.5 g/t Au.

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

QualifiedPerson

Mr. Paul Sarjeant, P. Geo., is thequalified person for this release as defined by National Instrument43-101 - Standards of Disclosure for Mineral Projects.

Global Energy MetalsCorporation

(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 believe thethe time to be part of this electrification movement.

For FurtherInformation:

Global Energy MetalsCorporation

#1501-128 West PenderStreet

Vancouver, BC, V6B 1R8

Email: info@globalenergymetals.com

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www.globalenergymetals.com

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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 ordevelopments may differ materially from those in the forward-lookingstatements. Except as required by law, the Company undertakes noobligation to update these forward-looking statements in the eventthat management’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.

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