Mr. Michael Murphy reports

GLOBAL BATTERY METALS ANNOUNCES COMPLETION OF SETTLEMENT FOR LEINSTER LITHIUM PROJECT

Further to Global Battery Metals Ltd.'s news release of Nov. 25, 2024, the termination of the mutual obligations under an original letter of intent on Oct. 28, 2018, the first amendment dated April 16, 2020, and the second amendment dated Aug. 15, 2022, between the company, LRH Resources Ltd. (LRHR) and Technology Minerals PLC (TM1), the parent company of LRHR, is now complete, in accordance with the terms of the settlement agreement entered into between the parties dated as of Oct. 11, 2024.

The company is in receipt of an aggregate of 255,926 fully paid shares of Critical Metals Corp., a company listed on the Nasdaq Stock Market under security symbol CRML, and Global Battery's interest in the Leinster lithium project in Ireland has now been deemed transferred to LRHR.

The company's outstanding exploration expenditures in the amount of 377,327.29 euros were also settled in consideration shares, which were issued directly to the creditors. For clarity, the consideration shares paid to Global Battery were net of satisfying the Global Battery payable.

About Global Battery Metals Ltd.

Global Battery is an international mineral exploration and development company with a focus on lithium, copper and other metals that comprise and support the rapid evolution to battery power. Global Battery currently maintains economic interests in two battery metal projects: (1) a 100-per-cent interest in the drill-ready Lithium King property in Utah; and (2) a 55-per-cent stake in Peru-based Lara copper property, which has over 10,000 metres of drilling. As previously disclosed, Minsur S.A., a Peruvian mining company, entered into an option agreement with Global Battery and Lara Exploration Ltd., to acquire the Lara copper property for staged payments of $5.75-million (U.S.). Global Battery will retain a 0.75-per-cent net smelter return (NSR) royalty. Global Battery's common shares are listed on the TSX Venture Exchange and the Frankfurt Stock Exchange, and are quoted on the OTC (over-the-counter) markets.

We seek Safe Harbor.