Global Energy Metals' Partner Metal Bank Ltd. Commences Fully Funded Drilling Program at the Millennium Copper Cobalt Graphite Gold Project, Australia

(TheNewswire)

Vancouver, BC -TheNewswire - November 28, 2025 - Global Energy Metals Corporation ( TSXV:GEMC | OTCQB:GBLEF | FSE:5GE1 ) (“Global EnergyMetals”, the “Company” and/or “GEMC”) , amulti-jurisdictional, multi-commodity critical mineral exploration,development and project generating company focused on growth-orientedprojects supporting the global transition to clean energy, is pleasedto report that ASX listed Metal BankLtd. ,  (“Metal Bank” and/or “MBK”) asproject operator has commenced diamond drilling at the Millennium Copper Cobalt Gold GraphiteProject (“Millennium”and/or the “Project”) as part of a AUD $250k QueenslandGovernment-funded Collaborative Exploration Initiative (CEI)program . Global Energy isfully carried on exploration spend as part of Metal Bank’s earn-infor 80% of the Millennium.

Highlights

• Diamond drilling program commenced targeting high grade graphiteextensions and metallurgical samples.

  • Drilling and associated metallurgical work is partly funded by theQueensland Government CEI $250k grant.

• An additional Mining Lease application has been lodged adjacent tothe current granted five mining leases.

  • This new lease covers a Gap Zone of Co-Cu-Au mineralisation andperipheral graphite targets.

• Granting of the Gap Zone has the potential to positively impact theproject economics and the prospect of moving the project toproduction.

• Global Energy is fully carried on exploration spend as part of MetalBank’s earn-in for 80% of Millennium.

This drilling targets high grade near surface extensions to previously announced graphiteresults (Figure 1), plus bulkmetallurgical samples within and adjacent the JORC2012 MineralResource Estimate (MRE) of 8.4Mt @ 0.09% Co, 0.29% Cu and 0.12g/t Aufor a 1.23% CuEq.*

*CuEq = Cu% +(Co% x 9.16) + (Au g/t x 0.678) using long term metalprices of Cu: US$3.50/lb ($7716/t); Co:US$32.00/lb ($70 547.84/t); Au:US$1900/oz; Cu recovery=95.1%; Co recovery=95.3%; Au recovery=81.4%;Cu payability=80%; Co payability = 80%; Au payability =80%

Metal Bank has also submitted an application for an additionalmining lease (ML) at Millennium to facilitate further exploration andoperations for both Co-Cu-Au and graphite resources (Figure 1). Thisapplication area consists of some 159 hectares which encompass thesouthern granted leases and importantly includes the Gap Zone, apreviously inaccessible 200m x 200m area not included in the currentMRE.

Click Image To View Full Size

Figure 1: Millennium project overview showing current and proposedML boundaries, 2023 Co-Cu-Au MRE outline, graphite drill results todate, and graphite target area (purple) for CEI grantwork.

Previous RC drilling of this Gap Zone in 2013 and 2014 demonstratedstrong mineralisation continuity on the Millennium Trend, includingdownhole results of 23m @ 0.48% Cu, 0.16% Co and 0.16g/t Au from 16m(Q-001) and 13m @ 0.53% Cu, 0.30% Co and 0.24g/t Au from 40m (Q-014).The additional lease also encompasses further area to the west tocover potential extensions of graphitemineralisation, and to the east for operationalinfrastructure.

Mitchell Smith, President and CEO, Director of Global Energy Metalscommented:

“This government and partner funded drill program operated byjoint venture partner Metal Banks moves our Millennium project forwardat no cost to Global Energy Metals and exemplifies our strategy ofunlocking value from non-core yet significant assets for ourshareholders and builds on our momentum to build investment exposureto those minerals critical to a new energy era.”

MBK’s Chair Ines Scotland commented:

“ MBK has commenced the next phase of projectdevelopment for Millennium aimed at further defining the graphitemineralisation which sits on top of and adjacent to thecopper-cobalt-gold resource. This graphite potential, along with themine pit extension into the Gap Zone will significantly increase theproject’s economics.

Millennium is an important critical minerals project in a readilyaccessible mining area near Cloncurry, Queensland, located due southof Harmony’s recently approved A$2.6b Eva copper-gold developmentproject and the proximal to Austral’s Rocklands Cu project which iscurrently planned for restarting operations in mid2027.”

The Company looks forward to the results from the drilling programexpected in late January and will keep shareholders informed as to theprogress of the mining lease application in due course.

NWQueensland District Graphite Development

Millennium is strategically located between other NW QLD graphitedevelopment projects which are currently undergoing consolidation(Figure 2). The Corella deposit is located 14km to the south(13.5Mt @9.5% TGC) and the Burke deposit 107km due north (9.1Mt @ 14.4% TGC)3of Millenium, both held by Lithium Energy (ASX: ‘LEL’), and the MtDromedary deposit (7.0Mt @ 14.5% TGC) held by Novonix (ASX: ‘NVX’and NASDAQ: ‘NVX”) is immediately adjacent to the BurkeDeposit.

Millennium displays matching geology to the Corella deposit, withmetamorphosed graphitic shales, slates and schists of the Milo Bedswithin the Tommy Creek Domain hosting both deposits. Both deposits arealso proximal to mafic units and structural corridors which areconsidered key factors for the development of high quality, high-gradegraphite mineralisation.

Metallurgical and electrochemical test work work to date on thesenearby deposits has returned high-grade concentrate with high graphiterecoveries coincident with electrochemical test work indicative ofmaterial highly suitable for downstream graphite processing andintegration into modern battery manufacturing and othertechnologies.

Figure 2. NW QLDgraphite projects map (modified after Lithium Energy (ASX: LEL)website.

Millennium -- Next Steps

Graphite demand continues to grow in line with expansion in theelectric vehicle (EV) lithium-ion battery sector, where graphite isthe key raw material consumed in EV battery anodes (some 20-30x thelithium content in a ‘lithium’ battery). Despite some recent pricepressure, the long-term outlook for natural, ex-China graphite remainsstrong. As the industry targets diversified supply, the focus shiftsto more ESG friendly, secure sources of graphite production andprocessing.

In line with this, Metal Bank, in full support by Global EnergyMetals, is assessing the potential for further value to be unlockedfrom the Millennium Project via developing the graphite potential overthe coming months. This includes additional surface mapping andsampling, metallurgical testing to determine recovery, graphite flakesize, sphericity and purity, including this current drill program torefine near term scope for an Exploration Target and/or MineralResource.

About Metal Bank

MBK holds a significant portfolio of advanced gold, copper andcobalt exploration projects, with substantial growth upside,including:

• a75% interest in the advanced Livingstone Gold Project in WA whichholds a global JORC 2012 Mineral Resource Estimate of 2.81Mt @ 1.36g/tAu for 122.5koz Au (70% Inferred, 30% Indicated) at three proximaldeposits, with significant upside including Exploration Targets andnumerous untested gold targets;

• a51% interest and the right to earn up to 80% of the MillenniumCobalt-Copper-Gold project which holds a 2012 JORC Inferred Resourceacross 5 granted Mining Leases with significant potential forexpansion and graphite identified over >2km strike length withinand adjacent to existing JORC Resource;

• MENA strategy execution with JV Company formed in Saudi Arabia (MBK60%) holding the Wadi Al Junah project and exploration licenseapplications; and

• The 8 Mile, Wild Irishman and Eidsvold Gold projects in South EastQueensland.

MBK is also in the process of acquiring the Hastings WA gold assets,including the Whiteheads Project 80km NE of Kalgoorlie, the Ark goldproject in the Gascoyne region and the Darcys gold project in the EastKimberley region.

Metal Bank’s 2025-2026 exploration programs at these projects willfocus on:

• Executing WA Gold Strategy:

  • Scoping Study for Livingstone’s Kinsley and Homesteadprojects

  • Preparing mining proposals, securing approvals and toll treatmentagreements for these two projects

  • Completing the acquisition of the HAS gold assets

  • Defining a maiden JORC MRE and securing mining approvals, miningcontractor and toll treatment agreements at Whiteheads and commencingmining

• Millennium & SE Qld Projects:

• Completing CEI grant work program at Millennium to assess graphitepotential

• Assessing development potential at Millennium

• Realizing value from the SE Qld gold projects

• Advancing Saudi strategy:

  • Securing exploration licenses under application in SaudiArabia

  • Engagement with local private equity to secure funding at the CMCand project level to further exploration of the Wadi Al Junahproject.

QualifiedPerson

Mr. Paul Sarjeant, P. Geo., is the qualified person for this releaseas defined by National Instrument 43-101 - Standards of Disclosure forMineral Projects.  He is a shareholder and Director of theCompany.

ForFurther 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 MetalsCorp. offers investment exposure to the growing rechargeable batteryand electric vehicle market by building a diversified global portfolioof exploration and growth-stage battery mineral assets.

Global Energy Metals recognizes that the proliferation and growth ofthe electrified economy in the coming decades is underpinned by theavailability of battery metals, including cobalt, nickel, copper,lithium and other raw materials. To be part of the solution andrespond to this electrification movement, Global Energy Metals hastaken a ‘consolidate, partner and invest’ approach and in doing sohave assembled and are advancing a portfolio of strategically significant investments in battery metalresources.

As demonstrated with the Company’s current copper, nickel andcobalt projects in Canada, Australia, Norway and the United States,GEMC is investing-in, exploring and developing prospective, scaleableassets in established mining and processing jurisdictions in closeproximity to end-use markets. Global Energy Metals is targetingprojects with low logistics and processing risks, so that they can befast tracked to enter the supply chain in this cycle.  The Companyis also collaborating with industry peers to strengthen its exposureto these critical commodities and the associated technologies requiredfor a cleaner future.

Securing exposure to these critical minerals powering the eMobilityrevolution is a generational investment opportunity. Global EnergyMetals believes Now is the Time to be part of this electrificationmovement.

Cautionary Statement on Forward-LookingInformation:

Certain information in this release may constitute forward-lookingstatements under applicable securities laws and necessarily involverisks associated with regulatory approvals and timelines. AlthoughGlobal Energy Metals believes the expectations expressed in suchforward-looking statements are based on reasonable assumptions, suchstatements are not guarantees of future performance and actual resultsor developments may differ materially from those in theforward-looking statements. Except as required by law, Metal Bankundertakes no obligation to update these forward-looking statements inthe event that management’s beliefs, estimates or opinions, or otherfactors, should change.

GEMC’s operations could be significantly adversely affected by theeffects of a widespread global outbreak of a contagious disease,including the recent outbreak of illness caused by COVID-19. It is notpossible to accurately predict the impact COVID-19 will have onoperations and the ability of others to meet their obligations,including uncertainties relating to the ultimate geographic spread ofthe virus, the severity of the disease, the duration of the outbreak,and the length of travel and quarantine restrictions imposed bygovernments of affected countries. In addition, a significant outbreakof contagious diseases in the human population could result in awidespread health crisis that could adversely affect the economies andfinancial markets of many countries, resulting in an economic downturnthat could further affect operations and the ability to finance itsoperations.

For more information on Global Energy and the risks and challengesof their businesses, investors should review the filings that areavailable at www.sedar.com.

Neither TSX Venture Exchange nor its Regulation Services Provider(as that term is defined in the policies of the TSX Venture Exchange)accepts responsibility for the adequacy or accuracy of thisrelease.

We seek safe harbour.

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