Powered by Cobalt … Driven by Demand Global Energy Metals Secures Significant Endorsement of Australian Proejcts Through Non-Dilutive Financing from Sale of Royalties to Electric Royalties Ltd.

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Vancouver, BC / TheNewswire / February 27, 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 has entered into a leGer of intent (“LOI”) with Electric V6B 1R8 T +1.604.688.4219 RoyalUes Ltd. (“Electric RoyalUes”) for the sale of royalUes on Global Energy’s TwiGer @EnergyMetals 100% owned Millennium Cobalt Project, the Mt. Dorothy Cobalt Project and the Cobalt Ridge Project (the “Royalty Por[olio”) located in Queensland, Australia (the “NSR Sale”).

President & CEO, Mitchell Smith commented:

“This commitment by Electric Royalties is a significant endorsement of the Millennium and Mount Isa projects by a mine finance firm focused on minerals core to the new energy economy. This royalty sales pro- vides Global Energy Metals with an attractive form of financing and short term investments equal to our market cap through the spin-out of a small royalty on a portion of our Australian projects. It also provides an option to fund future development at Millennium in a non-dilutive manner to the company and create an opportunity for cross marketing promotion with a strong royalty partner.”

Electric Royalties CEO & Director, Brendan Yurik said:

“We are pleased to have the opportunity to collaborate with Global En- ergy Metals on the development of the Millennium and Mount Isa Projects and the royalties will be an excellent addition to our diversified portfolio of battery mineral royalties. The acquisition of this package is consistent with Electric Royalties’ objective in establishing a new royalty company with the potential to add considerable value for its sharehold- ers. As this represents our first cobalt royalties we are extremely en- couraged by the potential Millennium has in becoming a source of criti- cal material needed to feed the electric revolution.”

Initial Royalty

Pursuant to the terms of the LOI, in consideraUon for a 0.5% gross metal royalty (the “Royalty”) on Millennium and the Mount Isa Projects, Electric RoyalUes will issue to Global Energy Metals 1.15 million shares (the “ConsideraUon Shares”) in Electric RoyalUes and make a CAD $150,000 cash payment on the date of compleUon of the TransacUon as mutually agreed to by the parUes (the “Closing Date”). The ConsideraUon shares will be escrowed

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and have a staged vesUng period over eighteen months.

Additional Royalties Option

ERL, will also be granted a call opUon (“First OpUon”), exercisable at any Ume, for a period of two years from the EffecUve Date, to acquire a 0.5% royalty on the Net Smelter Returns from the Millennium Cobalt Project (the “Millennium NSR”), by paying C$500,000 to Global, payable up to 25% in shares of ERL, at ERL’s elecUon.

Upon exercise of the First OpUon, ERL will have a call opUon, exercisable on the earlier of: (i) the third anniversary of the Closing Date and (ii) six months from the date that a preliminary economic analysis or similar study on the Millennium Project is provided to ERL, to increase the Millennium NSR by a further 1%, by paying C$1,000,000 to Global, payable up to 25% in shares of ERL, at the elecUon of ERL.

CompleUon of the NSR Sale is subject to the saUsfacUon of certain closing condiUons.

ABOUT ELECTRIC ROYALTIES LTD.

Electric RoyalUes is a royalty company set to take advantage of the demand for a wide range of commodiUes (lithium, vanadium, manganese, Un, graphite, cobalt, nickel & copper) that will benefit from the drive to electrificaUon (cars, rechargeable baGeries, large scale energy storage, renewable energy generaUon and other applicaUons).

Electric vehicle, baGery producUon capacity and renewable energy generaUon is slated to increase significantly over the next several years and with it the demand for target commodiUes. This creates a unique opportunity to invest in and acquire royalUes over the mines and projects that will supply the materials needed to feed the electric revoluUon

Electric RoyalUes currently has a por[olio of 6 royalUes under binding leGer of intent and plans to focus predominantly on acquiring royalUes on advanced stage projects as well as operaUng projects to build a diversified por[olio located in jurisdicUons with low geopoliUcal risk.

(TSXV:GEMC | OTCQB:GBLEF | FSE:5GE1)

Global Energy Metals provides investors and partners with exposure to the immediate need for metals criUcal to the new energy economy by building a diversified global por[olio of cobalt and baGery metals rich projects in top- Uer mining jurisdicUons with exploraUon & development upside to become a supply chain soluUon to safe and reliable cobalt for downstream partners. Global Energy Metals holds 100% of the Millennium Cobalt Project and two neighbouring discovery stage exploraUon-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 exploraUon projects in Nevada, 150km East of the Tesla Gigafactory.

For Further Information:

Global Energy Metals CorporaUon #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.