GEMC:CC - Global Energy Metals Reminds Warrant Holders of the Previously Announced Early Exercise Incentive Program and Notice of Early Expiry of All Remaining Warrants

(TheNewswire)

Vancouver, BC - TheNewswire - February 21, 2023 - Global Energy MetalsCorporation ( TSXV:GEMC ) ( OTC:GBLEF ) ( FSE:5GE1 ) (“Global Energy Metals”, the “Company” and/or“GEMC ”) , a company involved in theinvestment exposure to the battery metals supply chain, would like toprovide a reminder of the notice provided onFebruary 7, 2022 (“February PressRelease”) of the accelerated expiry of the Company’s sharepurchase warrants (the “Warrants”). As announced in the FebruaryPress Release, the expiry of the Warrants is being accelerated to4:00pm (Pacific Time) on March 15, 2023.

Please note, any Warrants that remainunexercised by 4:00 p.m. (Pacific Time) on the Accelerated Expiry Datewill expire and be cancelled.

The Company wishes to also remind holders of eligiblewarrants of its early warrant exercise incentive program (the“Program”) intended to encourage the early exercise of upto 13,506,500 share purchase warrants (the “EligibleWarrants") that were issued pursuant to three non-brokeredprivate placements that closed in September 2020, May 2021 and March2022.

The Program commenced on January 27,2023, at 9:00 a.m. PST and will expire on February 27, 2023, at 4:00p.m. PST (the “Early Exercise Expiry Date”).

Under the Program, holders of Eligible Warrants whoelect to exercise their Eligible Warrants at the price of $0.08 perEligible Warrant before the Early Exercise Expiry Date willreceive:

• common shares in the capital of the Company to whichthey are otherwise entitled under the terms of the Eligible Warrants;and

• one additional common share purchase warrant of theCompany (each, an "Incentive Warrant") entitling the holderto acquire an additional common share of the Company at a price of$0.15 per share for a period of twelve (12) months from the date ofissuance of such Incentive Warrant, subject to acceleration as notedbelow.

Please note, Eligible Warrants thatremain unexercised by 4:00 p.m. (Pacific Time) on the Early ExerciseExpiry Date will not be eligible for the Program.

Additional details of the Program, including thedocumentation required to be delivered by holders to the Company on orbefore the Early Exercise Expiry Date, are available in the Company'snews release dated January 16,2023 .

Global Energy Metals Corporation

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

Global Energy Metals Corp. offers investment exposure to the growingrechargeable battery and electric vehicle market by building adiversified global portfolio of exploration and growth-stage batterymineral assets.

Global Energy Metals recognizes thatthe proliferation and growth of the electrified economy in the comingdecades is underpinned by the availability of battery metals,including cobalt, nickel, copper, lithium and other raw materials. Tobe part of the solution and respond to this electrification movement,Global Energy has taken a ‘consolidate, partner and invest’approach and in doing so have assembled and are advancing a portfolioof strategically significant investments in battery metalresources.

As demonstrated with our currentcopper, nickel and cobalt projects in Canada, Australia, Norway andthe United States, we’re investing-in, exploring and developingprospective, scaleable assets in established mining and processingjurisdictions in close proximity to end-use markets. We’re targetingprojects with low logistics and processing risks, so that they can befast tracked to enter the supply chain in this cycle.   We’realso collaborating with industry peers to strengthen our exposure tothese critical commodities and the associated technologies requiredfor a cleaner future.

Securing exposure to these criticalminerals powering the eMobility revolution is agenerational investment opportunity. We believe the the time to bepart of this electrification movement.

For FurtherInformation:

Global Energy MetalsCorporation

#1501-128 West PenderStreet

Vancouver, BC, V6B 1R8

Email: info@globalenergymetals.com

t. + 1 (604) 688-4219

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 or developmentsmay differ materially from those in the forward-looking statements.Except as required by law, the Company undertakes no obligation to updatethese forward-looking statements in the event that management’sbeliefs, 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.

We seek safeharbour.

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