Mr. Stephen Roman reports

DASA DRILL PROGRAM UNDERWAY

Global Atomic Corp. has provided an update on the exploration and development program now under way at the company's 100-per-cent-owned DASA deposit in the Republic of Niger, West Africa, as well as its Turkish zinc operations.

Highlights:

• Commencement on Jan. 22, 2018, of a 62-hole, 26,400-metre drill program focused on stepout and infill drilling at DASA to both expand the current deposit and prepare the first area for open-pit mining;
• Exploration drilling of 11,200 metres in 20 drill holes on high-potential targets such as Azouza northeast, also commencing on Jan. 22;
• Net proceeds of $1.5-million raised following completion of merger will fully finance the first phase of DASA development;
• In 2017, the Turkish zinc operations processed 62,000 dry metric tonnes of electric arc furnace dust (EAFD), producing approximately 33 million pounds of payable zinc in concentrate (100-per-cent basis);
• The Turkish steel industry is improving and the company expects its zinc operations to maintain a high production rate throughout 2018;
• Positive cash flow from the Turkish zinc operations expected during 2018.

DASA exploration update

Global Atomic has commenced a 37,600-metre drill program for 2018 designed to test the northeast and southwest extensions of the current high-grade zone at DASA and to better define current areas of known mineralization. Previous drill holes have returned up to 2.4 per cent triuranium octoxide (U3O8) over 12.7 metres, including 4.6 metres at 5.9 per cent U3O8, as well as thicker mineralized sections of up to 94.5 metres grading 4,462 parts per million (0.44 per cent U3O8).

Upon completion of the drill program, the company intends to complete a feasibility study, mine plan and environmental impact statement to obtain the required permits for production in order to start delivery of ore to AREVA Mines SA as per the memorandum of understanding signed with New AREVA and announced Aug. 1, 2017.

Stephen Roman, chairman, president and chief executive officer of Global Atomic, commented: "The completion of the merger with Silvermet and concurrent equity raise has enabled Global Atomic to increase its pace of development at DASA. The current drill program is expected to better define the high-grade nature of the deposit and position Global Atomic as one of the premier, high-grade uranium developers globally. Early production from a high-grade open-pittable resource will be defined over the coming months in order to begin mining operations and ore shipments to AREVA's mill in Arlit as soon as all the requirements for production are met."

Turkish zinc operations update

The zinc recycling plant in Iskenderun, Turkey, operated at 100-per-cent capacity for the majority of 2017, processing a total of 62,000 tonnes of EAFD. High plant utilization and excellent zinc prices are expected to contribute to solid earnings from this operation.

Global Atomic receives cash flow from its Turkish zinc operations through its 49-per-cent share of the following:

• Annual dividend payment based on net free cash flow. The dividend is typically declared in March and paid in the second quarter;
• Quarterly management fees of 3 per cent of net revenues;
• Sales commissions of $20 (U.S.) per tonne of zinc concentrate shipped.

Mr. Roman commented: "With zinc prices at record highs, we are generating very attractive returns from a well-operated asset. We have the opportunity to reinvest those cash flows both in improving and expanding our Turkish zinc operations as well as moving the DASA project towards production status."

Qualified person statement

George A. Flach, PGeo, vice-president of exploration, has reviewed this press release as the qualified person (QP) as defined in National Instrument 43-101.

About Global Atomic Corp.

Global Atomic provides a unique combination of high-grade uranium development and cash flowing zinc concentrate production. Global Atomic's uranium assets include six exploration permits in the Republic of Niger covering an area of approximately 750 square kilometres. Uranium mineralization has been identified on each of the permits, with the most significant discovery being the DASA deposit situated on the Adrar Emoles III concession, discovered in 2010 by Global Atomic geologists through grassroots field exploration.

We seek Safe Harbor.