Mr. Mitchell Smith reports

GLOBAL ENERGY METALS HIGHLIGHTS IDENTIFICATION OF MULTIPLE URANIUM TARGETS AT CHARLOT-NEELY LAKE URANIUM PROJECT IN SASKATCHEWAN

Global Energy Metals Corp. highlights the identification of multiple high-priority uranium exploration targets at the Charlot-Neely Lake project in Northern Saskatchewan, as announced by Terra Balcanica Resources Corp. on Oct. 27, 2026.

The results follow the completion of an airborne geophysical survey by Terra North Resources Corp. and represent continued exploration progress at Charlot-Neely Lake, one of four Saskatchewan uranium properties over which Global Energy Metals retains a 0.5-per-cent net smelter return (NSR) royalty.

The latest findings build on the encouraging preliminary radiometric anomalies previously highlighted by Global Energy Metals in September, 2026, further defining prospective areas for follow-up exploration.

Exploration highlights:

• Multiple uranium targets identified: The completed survey has outlined several high-priority uranium anomalies across the Charlot-Neely Lake project.
• Encouraging geological setting: The targets occur along geological structures considered favourable for uranium mineralization within the historic Beaverlodge uranium district.
• Next phase of exploration: Terra North plans follow-up fieldwork, including prospecting and sampling, to further evaluate the identified targets.
• Continued royalty exposure: Global Energy Metals retains a 0.5-per-cent NSR royalty across Terra North's approximately 594-square-kilometre (km) Saskatchewan uranium portfolio, providing exposure to potential future discoveries and development without directly financing exploration.

Mitchell Smith, president and chief executive officer of Global Energy Metals, commented:

"The identification of multiple uranium targets at Charlot-Neely Lake is an encouraging development that further highlights the exploration potential of our Saskatchewan uranium royalty portfolio.

"As Terra North continues to advance exploration and define new targets, Global Energy Metals retains exposure to potential discoveries without incurring direct exploration expenditures. This aligns with our broader strategy of maintaining strategic royalty interests that provide additional opportunities for long-term shareholder value creation."

Advancing the Charlot-Neely Lake uranium project

Charlot-Neely Lake is located approximately 20 kilometres north of Uranium City, Sask., within the historic Beaverlodge uranium district.

The recently completed airborne survey has identified multiple uranium anomalies associated with geological structures considered prospective for uranium mineralization.

Terra North intends to advance follow-up exploration to evaluate these targets and determine priorities for future work.

The results represent another positive step in advancing the project and assessing its uranium potential. The identified anomalies remain early-stage exploration targets and require additional investigation.

Global Energy Metals' uranium royalty portfolio

Global Energy Metals holds a 0.5-per-cent NSR royalty across approximately 594 square km of uranium-prospective properties in Saskatchewan, including Charlot-Neely Lake, Fontaine Lake, Snowbird and South Pendleton.

The royalty portfolio provides the company with potential long-term exposure to uranium exploration and development while allowing management to concentrate its resources on its core U.S. copper exploration and strategic asset consolidation initiatives.

With uranium continuing to play an important role in nuclear energy and energy security, Global Energy Metals believes its royalty interests represent a valuable complement to its broader North American critical minerals strategy.

For further information regarding the exploration results, readers are encouraged to review Terra Balcanica's news release dated Oct. 27, 2026.

Qualified person

The technical information contained in this news release has been derived from publicly disclosed exploration results reported by Terra Balcanica Resources on Oct. 27, 2026.

Paul Sarjeant, PGeo, is the qualified person for this release as defined by National Instrument 43-101, Standards of Disclosure for Mineral Projects. He is a shareholder and director of the company.

About Global Energy Metals Corp.

Global Energy Metals provides investors with direct exposure to the rapidly expanding new energy market through the development of a diversified, global portfolio of exploration and growth-stage critical mineral assets.

The company recognizes that the accelerating electrification of the global economy is fundamentally dependent on the secure supply of critical battery metals, including cobalt, nickel, copper, lithium and other essential raw materials. To help address this challenge and participate meaningfully in the electrification movement, Global Energy Metals has adopted a disciplined consolidate, partner and invest strategy, assembling and advancing a portfolio of strategically significant battery metal investments.

Through its copper, nickel, cobalt, silver, lithium and uranium projects in Canada, Australia, Norway and the United States, Global Energy Metals is investing in, exploring and developing prospective, scalable assets located in established mining and processing jurisdictions, often in close proximity to end-use markets. The company prioritizes projects with low logistical and processing risk, positioning them for accelerated development and potential entry into the battery supply chain within the current cycle.

Global Energy Metals also collaborates with industry peers to enhance its exposure to critical minerals and the technologies required to support a cleaner, more sustainable future.

Securing exposure to the minerals that power the e-mobility revolution represents a generational investment opportunity. Global Energy Metals believes now is the time to be part of the electrification movement.

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