Mr. Paul Sarjeant reports

GLOBAL ENERGY METALS ANNOUNCES INVESTEE COMPANY HIGH-TECH METALS ANNOUNCES COMPLETION OF DRILLING AT ONTARIO-BASED WERNER LAKE PROJECT

High-Tech Metals Ltd. (HTM), an equity investee of Global Energy Metals Corp., has announced that the drilling program at the Werner Lake project in Ontario has been completed for a total of 798 metres of diamond drilling. All HTM samples have been sent to the company's lab services provider (ALS), with assay results expected to start arriving in approximately two weeks to four weeks.

This follows the significant results achieved through the Ni-Cu-Co (nickel-copper-cobalt) lithogeochemical sampling program, totalling 209 samples collected during the 2023 field season at Werner Lake project, located in Northwestern Ontario (refer to the news release dated Aug. 30, 2023). The results are extremely encouraging for Werner Lake and confirm the Cu-Co potential of the project, as well as the discovery of high-grade nickel sulphide at surface. Of the 209 samples taken as part of the program, 12 samples exceeded grades of more than 1 per cent cobalt or 1 per cent copper and three samples returned results greater than 1 per cent Ni.

HTM is actively evaluating numerous new project possibilities near Werner Lake. It is consistently conducting thorough internal assessments of projects that align with HTM's goal of specializing in battery metals. Of special interest are ventures that enhance the company's involvement in the recently discovered nickel potential of Werner Lake.

Next steps

HTM is committed to responsible exploration practices, and takes measures to minimize the impact of its exploration activities on the environment and local communities.

Location

Werner Lake is located in a known nickel province with the old Gordon Lake mine 3.5 kilometres to the east. From 1962 to 1972, the old Gordon Lake mine produced 1,370,285 tons averaging 0.92 per cent Ni and 0.47 per cent Cu, and has existing reserves of 170,420 tonnes averaging 0.85 per cent Ni and 0.35 per cent Cu. To the west of Werner Lake is the Norpax deposit that has a historic resource of 1.01 million tonnes at 1.2 per cent Ni and 0.5 per cent Cu.

High-Tech Metals Ltd.

High-Tech Metals is an ASX (Australian Securities Exchange)-listed company focused on the exploration and development of its flagship, 100-per-cent-owned Werner Lake cobalt project located in Northwestern Ontario, within the Kenora mining district, approximately 85 km north-northwest of Kenora, Ont., and approximately 170 km east-northeast of Winnipeg, Man. The project was acquired from Global Energy Metals (70 per cent) and Marquee Resources Ltd. (30 per cent).

Qualified person

Paul Sarjeant, PGeo, a director and shareholder, is the qualified person for this release as defined by National Instrument 43-101 -- Standards of Disclosure for Mineral Projects.

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.