GEMC:CC - Global Energy Metals JV Partner Kingsrose Mining Reports Diamond Drilling Confirms Presence of High-Grade Massive Sulphide Nickel-Copper-Cobalt Mineralisation at Bruvann Rana Nickel Project Norway

(TheNewswire)

Vancouver, BC - TheNewswire -September 5, 2023 - Global Energy Metals Corporation ( TSXV:GEMC ) | ( OTC:GBLEF ) | ( FSE:5GE1 ) (“Global Energy Metals”, the “Company” and/or“GEMC”) , a multi-jurisdictional,multi-commodity critical mineral exploration and development companyfocused on growth-oriented battery metal projects supporting theglobal transition to clean energy, is pleased to announce analyticalresults from the first two diamond drill holes at the Bruvannprospect, Råna Project, Norway. Results include the interception ofhigh-grade massive sulphide nickel-copper-cobalt mineralisation inhole 23BRU001 and a broad zone of disseminated sulphide mineralisationin hole 23BRU003.

Highlights

• 2.5 metres at 1.00 % Ni, 0.14% Cuand 0.08 % Co from 172.91 metres (Hole 23BRU001), including 1.0 metreat 1.94 % Ni, 0.18% Cu and 0.18 % Co from 173.91 metres.

  • This intercept is located 20 metressouthwest and along strike from an historical massive sulphide drillintercept, located 70 metres south of the inferred position ofhistorical underground workings.

• 50.0 metres at 0.43 % Ni, 0.10% Cuand 0.02 % Co from 470.6 metres (Hole 23BRU003).

  • This intercept is located 20 metresdown dip from broad zones of mineralisation identified in historicaldrilling and underground mining, which is open and undrilled to thewest and down dip.

• Drillhole 23BRU002 was abandoned at245.9 metres and before reaching the intended target due to excessivedeviation.

*All intercepts are reported as downhole lengths and not true thicknesses.

Mitchell Smith, CEO and Directorcommented:

“ We arepleased to report results from initial diamond drill work, includingthe interception of massive sulphide nickel-copper-cobaltmineralisation at Bruvann, one of the key targets of the explorationprogram at the Råna Project in Norway.

Drilling results confirm thatmineralisation at Bruvann remains open along strike from existing mineinfrastructure with encouraging high grade nickel sulphides withsubstantial widths of mineralisation.

We look forward to updatingshareholders on further diamond drilling being conducted and funded byKingsrose at the project as they continue to test a number of targetsidentified by the recent geophysical and geologicalstudies."

Discussion of Results

For further details regarding the Råna Project and theanalytical results for the first two holes totalling 776 metres of theplanned 5,000 metres drill program, including significant results fromthese holes along with images and maps, pleaserefer to Kingsrose’s September 4, 2023 ASX announcement on theirwebsitehttps://www.kingsrose.com/documents/2023.09.04_KRM-Reports-Drill-Intercepts-at-Bruvann-Rana-Nickel-Project.pdf.

Results are discussed below, where both holes weredesigned to test along strike from known mineralisation whilst alsoproviding stations to conduct downhole EM surveys. These holes weredrilled prior to completion of the ground based geophysical surveysand were based on geological interpretation from existing mapping andhistorical drill data. The results will be used to further inform thegeophysical data interpretations and generation of follow up drilltargets.

Hole23BRU001

Drill hole 23BRU001 was designed to test an area 20metres southwest and along strike from a high-grade mineralised zoneidentified from a review of historical drill data, adjacent tounderground mine infrastructure where there is no recorded historicalmining activity. The hole intercepted disseminatedpyrrhotite-chalcopyrite mineralisation hosted in norite from 162.4metres, with a one-metre thick cross-cutting vein type massivesulphide zone within a raft of gneiss wall rock from 173.9 metres.Vein hosted massive sulphide mineralisation comprises pyrrhotite,pentlandite, chalcopyrite and a rare silver coloured, metallic mineraltentatively identified as skutterudite (nickel, cobalt and arsenicbearing sulphide).

The mineralised zone intercepted in 23BRU001 remainsopen to the east, west and down dip, and a downhole electromagneticsurvey of the hole identified a strong off-hole conductor along striketo the west.

Hole23BRU003

Drill hole 23BRU003 was designed to test an area alongstrike and down plunge from mineralisation identified from a review ofhistorical drill data at the western extent of the Bruvann Mine. Thehole intercepted disseminated, blebby and net-texturedpyrrhotite-chalcopyrite mineralisation from 470.6 metres. Thismineralisation is hosted within peridotite and is located whereexpected based on the geological interpretation and provides animportant vector for future drill planning. The mineralised zone iscross-cut by rare, millimetre scale sulphide veinlets composed ofpyrrhotite and pentlandite.

A combination of ground-based EM and downhole EM datafrom this hole identified an off-hole, mid-time anomaly over 200metres to the west and along strike from the mineralised zoneintercepted in 23BRU003.

Kingsrose Mining Limited

Kingsrose is a leading sustainability-conscious andtechnically proficient mineral exploration company listed on the ASX.The Company has a discovery-focused strategy, targeting theacquisition and exploration of critical mineral deposits having Tier-1potential, that has resulted in the acquisition of, or joint ventureinto, the Råna nickel-copper-cobalt, Penikat PGE and PorsangerPGE-nickel-copper projects in Finland and Norway. Additionally, Kingsrose has been selected for the firstcohort of the BHP Xplor exploration accelerator program whichcommenced in January 2023.

Qualified Person
Mr. Paul Sarjeant, P. Geo., a Director andshareholder is the qualified person for this release as defined byNational Instrument 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 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 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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