Global Energy Metals Corporation  (“Global Energy Metals”, the “Company” and/or “GEMC”), a company involved in investment exposure to the battery metals supply chain, is pleased to announce that, further to the March 7th, 2022 news release announcing the closing of the first tranche of the Private Placement (the "Private Placement"), it has closed the second and final tranche (the "Second Tranche") of a non-brokered private placement for aggregate gross proceeds of $165,625, subject to final acceptance of the TSX Venture Exchange.

In total, 4,882,500 Units were issued for both tranches of the Private Placement, for aggregate gross proceeds of C$1,220,625.

“We are very pleased to have completed this oversubscribed private placement. The placement was oversubscribed by a total of $220,625 above the original goal of $1 million. The additional interest in this placement signifies the continually increasing interest in not only the battery metals market but Global Energy itself. With the financing closed the companies' technical team can continue to advance our Nevada-based Lovelock and Treasure Box projects and all exploration planned for 2022.”

Mitchell Smith, GEMC CEO and President

The net proceeds of the Private Placement will be directed toward further exploration and development of its battery mineral properties with a focus on the Lovelock Mine and Treasure Box projects in Nevada, USA.  Funds will also be used to support potential future acquisitions as well as for general corporate and working capital purposes allowing for ongoing growth strategy execution.