Mr. Michael Murphy reports

GLOBAL BATTERY METALS ANNOUNCES PRIVATE PLACEMENT FINANCING

Global Battery Metals Ltd. has arranged a non-brokered private placement of up to seven million units at a price of nine cents per unit for gross proceeds of up to $630,000. Each unit will comprise one common share of the company and one common share purchase warrant of the company, whereby each warrant will entitle the holder thereof to acquire one additional share at a price of 12 cents per share for a period of three years from the date of issuance.

The company intends to use the net proceeds raised from the offering to cover expenses involved in future project evaluation and for general working capital purposes. Finders' fees may be applicable.

All securities to be distributed in connection with the offering will be subject to a statutory hold period of four months from the date of issuance in accordance with applicable securities laws. The offering is subject to TSX Venture Exchange acceptance.

Certain directors and officers of the company may acquire securities under the offering. Such participation will be considered a related-party transaction as defined under Multilateral Instrument 61-101 (Protection of Minority Security Holders in Special Transactions). The company anticipates that it will rely on the exemptions from the formal valuation and minority shareholder approval requirements of MI 61-101 contained in sections 5.5(a) and 5.7(1)(a) of MI 61-101 as the fair market value of the securities to be distributed to insiders and the consideration to be received by the company for such securities will not exceed 25 per cent of the company's market capitalization.

About Global Battery Metals Ltd.

Global Battery is an international mineral exploration and development company with a focus on lithium, copper and other metals that comprise and support the rapid evolution to battery power. Global Battery currently maintains economic interests in two battery metal projects: (1) a 100-per-cent interest in the Lithium King property in Utah; and (2) a 55-per-cent stake in the Peru-based Lara copper property, which has over 10,000 metres of drilling. Global Battery's common shares are listed on TSX Venture Exchange and the Frankfurt Stock Exchange, and are quoted on the OTC Markets.

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