Mr. Mitchell Smith reports

GLOBAL ENERGY METALS TO FURTHER ENHANCE MARKET EXPOSURE THROUGH DUAL-LISTING OF ITS SHARES ON LONDON BASED INVESTMENT EXCHANGE

Global Energy Metals Corp. has commenced the process of pursuing a dual listing of the company's securities on a recognized investment exchange in London, United Kingdom. Global Energy already has a large investor base in the U.K. and has been in discussions for many months to action this process. The company believes that the listing will support its existing U.K. shareholders and enhance its market exposure through offering the U.K. market direct access to Global Energy on a domestic exchange.

"The timing is ideal to further enhance the profile of Global Energy as it complements our recent acquisitions and project growth initiatives in Australia and North America at a time when exposure to energy metals has never been more attractive. A U.K. co-listing will allow European investors to participate in the increased demand for battery minerals brought on by the aggressive growth and continued global adoption of electric vehicles that our cobalt projects in safe, stable, top-tier mining jurisdictions offer," said Mitchell Smith, chief executive officer and director.

The company has completed a detailed review of the potential benefits that a dual listing could provide, given an already strong shareholding base in the U.K. and has now elected to advance a secondary listing strategy that will provide Global Energy with increased exposure and access to additional investors and global capital in a firmly established, leading financial centre.

Peterhouse Capital Ltd. has been engaged to act as lead adviser and manager of the proposed listing process. Peterhouse is an integrated financial services group, dedicated to the needs of growth-orientated and entrepreneurial companies. Peterhouse is one of the leading independent small-cap brokers providing a full range of advisory and brokerage services to Main Market, AIM and NEX Exchange Growth Market companies and to companies looking to join these, or similar, markets.

Additional updates on timing will be provided with respect to the co-listing in the U.K. The company's common shares will continue to trade on the Toronto Venture Stock Exchange under its GEMC symbol.

In addition, the company wishes to advise that Paul Sarjeant has tendered his resignation as vice-president of projects to pursue a leadership position within the resource sector. Mr. Sarjeant remains as a member of the board and will act as the qualified person as defined by National Instrument 43-101 (Standards of Disclosure for Mineral Projects).

Mr. Sarjeant has expressed his continuing support for the company and toward the significant resource upside potential and future development at Global Energy's flagship Millennium cobalt project in Queensland, Australia, and its strong portfolio of growth-stage exploration assets in Ontario, Canada, and Nevada, United States.

Mr. Smith commented: "I would like to take this opportunity to thank Paul for his hard work and commitment, having played a critical role in the building and growing of Global Energy Metals into what it is today. On behalf of the board and the management of GEMC, I would like to wish Paul all the very best in his new role and appreciate his continued support of our company as director and QP."

Over the next few months, the company will be conducting a search to find a replacement and secure the lead geologist role to complement the current technical leadership of its board and advisers. During this transition period, while it is the company's priority to find the best individual to contribute to the exploration and advancement of our global cobalt assets, Global Energy will still maintain a stable and effective organization through the benefit of the technical, jurisdictional and geological expertise of its established project managers in Australia, Canada and the United States.

About Global Energy Metals Corp.

Global Energy is focused on offering security of supply of cobalt, a critical material to the growing rechargeable battery market, by building a diversified global portfolio of cobalt assets, including project stakes, projects and other supply sources. Global Energy currently owns 70 per cent of the Werner Lake cobalt mine in Ontario, Canada, and has an option to acquire an 85-per-cent interest in two cobalt exploration projects in Nevada. The company has entered into an agreement to acquire 100 per cent of the Millennium cobalt project and two neighbouring discovery-stage exploration-stage cobalt assets in Mount Isa, Australia.

We seek Safe Harbor.