An anonymous director reports

GLOBAL ENERGY METALS CLOSES OVERSUBSCRIBED ABOVE-MARKET PRIVATE PLACEMENT

Global Energy Metals Corp. has closed the previously announced non-brokered private placement.

The company will issue 3,165,608 shares at a price of 10 cents per common share for gross proceeds of $316,561. All securities issued in this closing of the private placement are subject to statutory four-month-plus-one-day hold periods expiring on Dec. 4, 2023. The private placement remains subject to obtaining final approval of the TSX Venture Exchange.

Insiders, including Gleason and Sons LLC, officers and directors of the company, will participate as to 2,765,608 common shares, which participation will constitute related party transactions for the purposes of Multilateral Instrument 61-101, Protection of Minority Security Holders in Special Transactions. The company will rely upon exemptions from the requirement to obtain a formal valuation and seek minority shareholder approval for the private placement on the basis that the fair market value of the insiders' participation in the private placement will be less than 25 per cent of the company's current market capitalization.

The net proceeds from the sale of the common shares will be used for project evaluation and for working capital and general corporate purposes. The common shares will be issued on a private placement basis pursuant to exemptions from prospectus requirements under applicable securities laws, and will be subject to a statutory hold period of four months and one day from the date of issuance.

No finders' fees will be paid in connection with the private placement.

About Global Energy Metals Corp.

Global Energy Metals offers investment exposure to the growing rechargeable battery and electric vehicle market by building a diversified global portfolio of exploration and growth-stage battery mineral assets.

Global Energy Metals recognizes that the proliferation and growth of the electrified economy in the coming decades is underpinned by the availability of battery metals, including cobalt, nickel, copper, lithium and other raw materials. To be part of the solution and respond to this electrification movement, Global Energy Metals has taken a "consolidate, partner and invest" approach and in doing so has assembled and are advancing a portfolio of strategically significant investments in battery metal resources.

As demonstrated with the company's current copper, nickel and cobalt projects in Canada, Australia, Norway and the United States, Global Energy Metals is investing in, exploring and developing prospective, scaleable assets in established mining and processing jurisdictions in close proximity to end-use markets. Global Energy Metals is targeting projects with low logistics and processing risks, so that they can be fast-tracked to enter the supply chain in this cycle. The company is also collaborating with industry peers to strengthen its exposure to these critical commodities and the associated technologies required for a cleaner future.

Securing exposure to these critical minerals powering the e-mobility revolution is a generational investment opportunity. Global Energy Metals believes now is the time to be part of this electrification movement.

We seek Safe Harbor.