An anonymous director reports

GLOBAL ENERGY METALS PROPOSES TO EXTEND WARRANTS

Global Energy Metals Corp. has proposed to extend the expiry date of previously issued warrants (the incentive warrants) to purchase up to 7,280,250 common shares at an exercise price of 15 cents per share. These warrants were issued in connection with a warrant incentive program that entitled warrant holders to purchase one common share of the company for a period of 12 months from the date of issuance of such incentive warrant, at a price of 15 cents. If accepted by the TSX Venture Exchange, the company will extend the expiry date of the share purchase warrants for one additional year from the time of issuance. All other terms and conditions of the incentive warrants will remain unchanged.

Insiders of the company participated in the incentive program and, as a result, the incentive program may constitute a related party transaction within the meaning of Multilateral Instrument 61-101 -- Protection of Minority Shareholders in Special Transactions (MI 61-101). The company relies on the exemptions from the formal valuation requirements of MI 61-101 contained in section 5.5(a) and (b) of MI 61-101 on the basis that the fair market value of the transaction with insiders will not be more than 25 per cent of the market capitalization of the company and no securities of the company are listed on a specified market set out in such section, and the company further relies on the exemption from the minority shareholder approval requirements of MI 61-101 contained in Section 5.7(1)(a) of MI 61-101 on the basis of the fair market value of the transaction with insiders will not be more than 25% of the market capitalization of the company.

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 have 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 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.