Powered by Cobalt … Driven by Demand Global Energy Metals Announces Private Placement to Further Explore and Earn-in 85% Interest in Battery Metals Projects in Nevada

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GLOBAL ENERGY METALS ANNOUNCES PRIVATE PLACEMENT TO FURTHER EXPLORE AND EARN-IN 85% INTEREST IN BATTERY METALS PROJECTS IN NEVADA

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Vancouver, BC / TheNewswire / March 16, 2020 / Global Energy Sun Tower

Metals Corporation TSXV:GEMC | OTCQB:GBLEF | FSE:5GE1 (“Global 128 West Pender St. Vancouver, Energy Metals”, the “Company” and/or “GEMC”) is pleased to BC announce that it plans to complete a non-brokered private placement for V6B 1R8 gross proceeds of up to $500,000 (the "Private Placement") upon compleTon T +1.604.688.4219 TwiGer @EnergyMetals of its 10 old for 1 new share consolidaTon (the “ConsolidaTon”) as announced on March 10, 2020. CompleTon of the Private Placement will be subject to TSX Venture Exchange approval.

Mitchell Smith, President & CEO comments:

“The transi+on to a clean-energy world using ba6ery technology is being con- sidered as one of the largest investment opportuni+es of the decade. Global Energy Metals is building a company to provide its shareholders exposure to this growing investment trend. This financing sets a path forward to further validate our role in the cobalt and ba6ery mineral supply chain through the acquisi+on and development of cobalt-nickel-copper projects located in Neva- da, a premier mining jurisdic+on.”

Global Energy’s management believes that advancing and acquiring an 85 percent interest in the Lovelock and Treasure Box projects in Nevada provides the Company with high-potenTal, growth-stage exploraTon projects in a well established mining district. AddiTonally it provides the foundaTon to develop a domesTc supply of baGery metals criTcal to naTonal and economic security at a Tme when the importance of domesTc mineral independence is recognized as being criTcal to the transiTon towards a low carbon, baGery intensive energy system.

Energy security has, for decades, been high on the agenda of poliTcs and defense, but only recently has it included minerals and metals, now deemed ‘criTcal.’ As the new energy transiTon evolves so to will the need for it to be more mineral-intensive and mineral independence, domesTc refinement and manufacturing will be key to this movement.

This financing complements the recently announced commitment by Electric RoyalTes Ltd. (“Electric RoyalTes”) that provides Global Energy Metals with an aGracTve form of financing and short term investments via the spin-out of a small royalty on its Queensland, Australian projects. The royalty also provides

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an opTon to fund future development at Millennium and the Mount Isa projects (the “Projects) in a non-diluTve manner to the company and create an opportunity for cross markeTng promoTon with a strong royalty partner. For more informaTon on this significant endorsement of the Projects and collaboraTon with Electric RoyalTes please see our news release dated February 27, 2020.

Proposed Private Placement

Global Energy plans to raise up to $500,000 through a Private Placement, consisTng of up to 6,666,667 units at a post-ConsolidaTon price of $0.075 per Unit (the "Units"). Each Unit will consist of one post-ConsolidaTon Share of the Company and one Share purchase warrant (a "Warrant"). Each Warrant will enTtle the holder to purchase one addiTonal post-ConsolidaTon Share of the Company at a price of $0.10 for three (3) years. Finder's fees may be paid in connecTon with the Private Placement subject to and in accordance with the policies of the TSX Venture Exchange. All securiTes will be subject to a four month hold period from the date of closing.

The Private Placement is subject to TSX Venture Exchange approval and is intended to close ajer the compleTon of the ConsolidaTon.

The Company proposes to use the proceeds to begin stage-two exploraTon work and earn an 85% interest in the Nevada based baGery metals projects, as well as for new technologies related to building baGery mineral supply chain to power a clean energy future, and for general corporate purposes.

Global Energy Metals Corporation (TSXV:GEMC | OTCQB:GBLEF | FSE:5GE1)

Global Energy Metals provides investors and partners with exposure to the immediate need for metals criTcal to the new energy economy by building a diversified global porlolio of cobalt and baGery metals rich projects in top- Ter mining jurisdicTons with exploraTon & development upside to become a supply chain soluTon to safe and reliable cobalt for downstream partners. Global Energy Metals holds 100% of the Millennium Cobalt Project and two neighbouring discovery stage exploraTon-stage cobalt assets in Mt. Isa, Australia. It also currently owns 70% of the Werner Lake Cobalt Mine in Ontario, Canada and has entered into an agreement to acquire an 85% interest in two cobalt-nickel-copper exploraTon projects in Nevada, 150km East of the Tesla Gigafactory.

For Further Information:

Global Energy Metals CorporaTon #1501-128 West Pender Street Vancouver, BC, V6B 1R8 Email: [email protected]

t. + 1 (604) 688-4219 extensions 236/237 TwiGer: @EnergyMetals

Cautionary Statement on Forward-Looking Information:

Certain information in this release may constitute forward-looking statements under applicable securities laws and necessarily involve risks associated with regulatory approvals and timelines. Although Global Energy Metals believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those in the forward- looking statements. Except as required by law, the Company undertakes no obligation to update these forward-looking statements in the event that management’s beliefs, estimates or opinions, or other factors, should change. For more information on Global Energy and the risks and challenges of their businesses, investors should review the filings that are available at www.sedar.com.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

We seek safe harbour.

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