Global Battery Metals Announces Results of its Annual General and Special Meeting of Shareholders

(TheNewswire)

Vancouver, British Columbia – TheNewswire - February 4, 2025 – Global Battery Metals Ltd. (the“ Company ” or “ GBML ”) (TSXV: GBML; OTCQB: REZZF;Frankfurt: REZ), an international critical mineral exploration companyfocused on growth-oriented lithium, copper and battery metal projects,announces the results of its Annual General and Special Meeting(“ ASGM ”) held Friday,January 31, 2025. Details of the matters approved atthe ASGM are set out in the Company’s Management InformationCircular dated December 18, 2024, which can be found on theCompany’s website at www.gbml.ca and on SEDAR+ at www.sedarplus.ca under the Company’s profile.

At the ASGM, the Company received majority approval to all mattersbrought before shareholders, including the reappointment of Messrs.Murphy, Matthews, Roberts and Paiement to the Company’s board ofdirectors (“ Board ”) forthe ensuing year. Mr. Bell did not stand for re-election. The Companyextends its gratitude to Mr. Bell for his geological expertise andvaluable contributions to the Company during his 8-year tenure andwishes him success in his future endeavors.

WDM Chartered Professional Accountants were reappointed as auditor ofthe Company for the ensuing year at a remuneration to be fixed by theCompany’s Board and shareholders ratified the Company’s 10%rolling stock option plan dated May 31, 2022.

Shareholders also passed a special resolution approving theconsolidation of all of the issued and outstanding common shares ofthe Company (“ CommonShares ”), on a maximum basis of ten (10) pre-consolidatedCommon Shares for one (1) post consolidated Common Share, toconsolidate 78,539,280 currently outstanding Common Shares toapproximately 7,853,928 Common Shares (the “ Consolidation ”), or such lessernumber of pre-consolidated Common Shares as may be approved by theBoard.

The exercise price and number of Common Shares issuable upon theexercise of any outstanding stock options, common share purchasewarrants or other convertible securities will be proportionatelyadjusted to reflect the Consolidation. The Consolidation will besubject to final acceptance by the TSX Venture Exchange.

Additionally, a special resolution was passed by shareholdersapproving termination of the Company’s option to acquire up to a 90%interest in the Leinster Lithium Project held by LRH ResourcesLimited, a wholly-owned subsidiary of Technology Minerals Plc. Inconsideration for agreeing to the termination, Technology Minerals Plcshall transfer to the Company 284,362 common shares of Critical MetalsCorp. (“ CRML ”), a companylisted on NASDAQ. Details of the transaction are set out in theCompany’s news releases of April 12, 2024, and November 25, 2024,and the related settlement agreement is filed under the Company’sprofile on SEDAR+ at www.sedarplus.ca . The transaction has receivedconditional approval of the TSX Venture Exchange and the shares ofCRML shall be locked up until February 28, 2025, in accordance withthe agreement between the parties.

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-looking statements ”)within the meaning of applicable securities legislation. Allstatements, other than statements of historical fact, included herein,without limitation, statements relating the future operations andactivities of the Company, are forward-looking statements.Forward-looking statements are frequently, but not always, identifiedby words such as “expects”, “anticipates”, “believes”,“intends”, “estimates”, “potential”, “possible”, andsimilar expressions, or statements that events, conditions, or results“will”, “may”, “could”, or “should” occur or beachieved. Forward-looking statements inthis news release relate to, among other things, the Consolidation,including the implementation of and timing related thereto, thetermination of the Company’s option to acquire up to a 90% interestin the Leinster Lithium Project, the compensation for suchtermination, including the receipt of the CRML shares, and the receiptof requisite regulatory approvals. There can be no assurance that suchstatements will prove to be accurate, and actual results and futureevents 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 regulatoryapprovals. Readers should not place undue reliance on theforward-looking statements and information contained in this newsrelease concerning these items. Readers are urged to refer to theCompany's reports, publicly available through the Canadian SecuritiesAdministrators' System for Electronic Document Analysis and Retrieval(SEDAR+) at www.sedarplus.ca for a more complete discussion of such risk factors and theirpotential effects. The Company does not assume any obligation toupdate the forward-looking statements of beliefs, opinions,projections, or other factors, should they change, except as requiredby applicable securities laws.

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