Global Battery Metals Announces Completion of 10:1 Share Consolidation

(TheNewswire)

Vancouver, British Columbia –February 26, 2025 – TheNewswire - GlobalBattery Metals Ltd. (the “ Company ” or “ GBML ”) (TSXV: GBML; OTCQB: REZZF; Frankfurt: REZ), aninternational critical mineral exploration company focused ongrowth-oriented lithium, copper and battery metal projects, announcesthat further its news release of February 19, 2025, the Company is nowin the position to complete the consolidation of its issued andoutstanding common shares on the basis of one (1) new common share (a“ Post-ConsolidationShare ”) for every ten (10) currently-outstanding commonshares (the “ Consolidation ”).  The Company's common shares willcommence trading on the TSX Venture Exchange (“ TSXV ”) on a Post-Consolidationbasis effective market open on March 3, 2025 (the “ Effective Date ”).  TheCompany’s name and trading symbol will remain unchanged.

On a pre-Consolidation basis, the Company has 78,539,280 issued andoutstanding common shares and, following the Consolidation, theCompany expects to have 7,853,927 common shares issued andoutstanding.  No fractional Post-Consolidation Shares will be issued. If, as a result of the Consolidation, a shareholder would otherwisebe entitled to a fraction of a Post-Consolidation Share, eachfractional share following conversion that is at least one-half (1/2)of a Post-Consolidation Share will be rounded up to the nearest wholenumber and each fractional share that is less than one-half (1/2) of aPost-Consolidation Share will be cancelled.   No cash considerationwill be paid in respect of fractional shares.

On the Effective Date, the Company’s new CUSIP number for itsPost-Consolidation Shares will be 37958K208 and the new ISIN will beCA37958K2083.  Letters of transmittal describing the process by whichshareholders may obtain new share certificates or Direct RegistrationSystem (DRS) advices representing their Post-Consolidation Shares willbe mailed shortly to registered shareholders.  Shareholders who holdtheir shares through a broker or other intermediary and do not haveshares registered in their name will not be required to complete aletter of transmittal.  The letter of transmittal will also be filedunder the Company’s profile on SEDAR+ at www.sedarplus.ca .

The exercise price and number of Post-Consolidation Shares of theCompany, issuable upon the exercise of outstanding securitiesconvertible into Post-Consolidation Shares will be proportionallyadjusted upon the effective date of the Consolidation in accordancewith the terms thereof.

About Global Battery MetalsLtd.

GBML is an international mineral exploration and development companywith a focus on lithium, copper and other metals that comprise andsupport the rapid evolution to battery power. GBML currently maintainseconomic interests in four battery metal projects: (1) an option toacquire up to a 90% interest in the Leinster Lithium Property (whichis the subject matter of the Settlement Agreement); (2) an option to acquire an additional six licenses contiguous tothe Leinster Lithium Project from Tancred Resources, covering 249 km 2 adjacent to the Knockeen Lithium PegmatiteProject; (3) a 100% interest in the drill-ready LithiumKing Property in Utah; and (4) a 55% stake in Peru-based Lara CopperProperty, which has over 10,000 metres of drilling. As previouslydisclosed, Minsur S.A., a Peruvian mining company, entered into anoption agreement with GBML and Lara Exploration Ltd. to acquire theLara copper property for staged payments of USD$5.75 million. GBMLwill retain a 0.75% net smelter return royalty. GBML’s common sharesare listed on the Exchange (TSXV: GBML); Frankfurt Stock Exchange(FSE: REZ); and are quoted on the OTC Markets (OTCQB: REZZF).

Global Battery Metals Ltd.

Michael Murphy BA, MBA, MSc., ICD

President & CEO

T: 604-649-2350

E: MM@gbml.ca

W: www.gbml.ca

Neither the 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 this release.

Cautionary Statement Regarding“Forward-Looking” Information

This news release contains certain “forward-looking information”and “forward-looking statements” (collectively “forward-lookingstatements”) within the meaning of applicable securitieslegislation. All statements, other than statements of historical fact,included herein, without limitation, statements relating the futureoperations and activities of the Company, are forward-lookingstatements. Forward-looking statements are frequently, but not always,identified by words such as “expects”, “anticipates”,“believes”, “intends”, “estimates”, “potential”,“possible”, and similar expressions, or statements that events,conditions, or results “will”, “may”, “could”, or“should” occur or be achieved. Forward-looking statements in this news releaserelate to, among other things, implementation of the consolidation ofthe Company’s issued share capital. There can be no assurance thatsuch statements will prove to be accurate, and actual results andfuture events could differ materially from those anticipated in suchstatements. Forward-looking statements reflect the beliefs, opinions,and projections on the date the statements are made and are based upona number of assumptions and estimates that, while consideredreasonable by the Company, are inherently subject to significantbusiness, economic, competitive, political and social uncertaintiesand contingencies. Many factors, bothknown and unknown, could cause actual results, performance, orachievements to be materially different from the results, performanceor achievements that are or may be expressed or implied by suchforward-looking statements and the parties have made assumptions andestimates based on or related to many of these factors. Such factorsinclude, without limitation, the ability to obtain requiredshareholder and regulatory approvals. Readers should not place unduereliance on the forward-looking statements and information containedin this news release concerning these items. Readers are urged torefer to the Company's reports, publicly available through theCanadian Securities Administrators' System for Electronic DocumentAnalysis and Retrieval (SEDAR+) at www.sedarplus.ca for a morecomplete discussion of such risk factors and their potential effects.The Company does not assume any obligation to update theforward-looking statements of beliefs, opinions, projections, or otherfactors, should they change, except as required by applicablesecurities laws.

Copyright (c) 2025 TheNewswire - All rights reserved.