An anonymous director reports

GLOBAL ENERGY METALS ANNOUNCES TERMINATION OF LUNA ENERGY TRANSACTION

Global Energy Metals Corp. has terminated the non-binding letter of intent to enter into a share purchase agreement whereby Global Energy would acquire all of the issued and outstanding common shares of Luna Energy Ltd.

The company has also cancelled the previously announced consolidation and concurrent financing as part of the termination.

The company will continue to review and evaluate potential opportunities to increase investment exposure to the new energy economy.

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 are 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, has assembled and is 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 Metals is investing in, exploring and developing prospective, scalable 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.