GBLEF - Global Energy Metals Secures Drill Contractor and Prepares to Mobilize for First-Ever Drill Program at the Lovelock Cobalt-Nickel-Copper Project in Nevada

September, 29 2021 09:15 AM Global Energy Metals

(TheNewswire)

Vancouver, BC - TheNewswire - September 29, 2021 - Global Energy MetalsCorporation ( TSXV:GEMC ) | ( OTCQB:GBLEF ) | ( FSE:5GE1 ) (“Global Energy Metals”, the“Company” and/or “GEMC ”), a company involved in the investment exposure to the batterymetals supply chain, is pleased to announce that it has secured O’Keefe DrillingCompany , anestablished drill contractor based in Butte, Montana, to complete upto 1,000 metres of reverse circulation drilling at its district-scale,Lovelock Cobalt-Nickel-Copper project (“Lovelock”) located in theprolific IOCG belt of the Stillwater Range in Nevada,USA.

Highlights

- Up to 1,000 metres of targeted reverse-circulationdrilling;

- Drilling will focus on making newcopper-nickel-cobalt discoveries along newly defined conductors atLovelock;

- Recent geophysics studies have identifiedhigh-priority drill targets that complement the exploration fieldworkpreviously conducted;

- There is strong discovery potential in and around theLovelock properties as well as at regional targets identified;and

- Modern exploration techniques and methods are beingutilized at the Company’s U.S. properties with a goal of making newdiscoveries of battery metals critical to the technologies enabling alow-carbon economy.

Timothy Strong, Global EnergyMetals’ Project Development Manager commented:

“ In addition to having historical mining ofhigh-grade cobalt, nickel and copper, recent electromagnetic andexploration fieldwork suggests that the land package that makes upLovelock remains highly prospective for making new discoveries andthat the extensive system has the potential for high grades. We lookforward to commencing this initial drill program at Lovelock and willbe systematically testing additional regional targets in the comingmonths. ”

The majority of the first pass drilling program thisseason will be focused on confirming intersections ofcobalt-nickel-copper bearing vein that correlates with historicalunderground mining and mapped superficial cobalt-nickel-copperoccurrences. It is anticipated the drill program will demonstratebroader mineralization across the width and depth of the occurrencewhich remains open in all directions.

As previously reported in late 2020, an independentinterpretation of the regional structure of the Lovelockproperty , specifically in thevicinity of the historical mining of high-grade cobalt and nickel thatoccurred at the Lovelock Mine suggest that the Lovelock Mine islocated within a corridor of strong structural control with severalsubparallel structures indicating the potential for multiplemineralized zones related to these structures. Importantly, the geophysics study has identified high-prioritydrill targets that complement the exploration fieldwork previouslyconducted.

The data interpretation has allowed for a betterunderstanding of the area, extending from previously mined orebodiesto key undeveloped prospects and exploration targets, and greatlyenhances the Company’s ability to successfully target and explorefor new, buried, high-grade cobalt-nickel-copper deposits across thelarge footprint in a highly prospective mining district.

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 | OTC: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

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 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.

We seek safeharbour.

Company Name:	Global Energy Metals
Stock Symbol:	GBLEF
Market:	OTC
Website:	globalenergymetals.com