Top Precious Metals Dealer Assumes 18.6% Stake in Global Energy Metals Corp after Pivot to "Capital Light" Strategy

CHARLOTTE, August 4, 2023 - Stefan Gleason (the "Acquiror" or "Gleason") today announced he is filing an early warning report under Canada's takeover-bid rules, having acquired an additional 1.75 million shares in Global Energy Metals Corp. (TSXV:GEMC)(OTCQB:GBLEF) ("Global" or the "Company"), thereby taking his stake in the Company to approximately 18.6%.

Gleason is a Charlotte-based entrepreneur who owns several privately held businesses in the United States such as Money Metals Exchange LLC, one of the largest precious metals dealers and depositories in North America with over C$1 billion in annual revenues.

Gleason is also Managing Director of Gleason & Sons LLC, a family office that provides credit facilities to mining royalty companies and makes investments in public companies, private equity, and real estate.

"Global's shares have been trading at remarkably depressed prices," Gleason said. "We anticipate a revaluation to occur in this battery metals prospect generator, and we also feel the Company is ripe for a partnership or other strategic transaction that unlocks the value it holds."

"Global has a portfolio of nine projects and three royalties with potential to become accretive, particularly the Rana nickel project, the Millenium copper-cobalt project, and the wholly owned Lovelock and Treasure Box properties," Gleason continued. "Meanwhile, we have been pleased to see the Company pivot to prospect generation, creating royalties, and advancing projects through joint ventures - a less capital-intensive yet more strategic and diversified business model."

The Company's nine projects are located in top-tier jurisdictions, such as United States, Canada, Australia, and Norway with exposure to cobalt, nickel, copper, silver, and gold properties. The company also now owns three 1% NSR royalties and equities of five publicly traded companies.

In addition to Global, Gleason and his affiliates are large equity holders in Electric Royalties (TSXV:ELEC) (OTCQB:ELECF), Vox Royalty (TSXV:VOX) (NASDAQ:VOXR), and Empress Royalty (TSXV:EMPR) (OTCQX:EMPYF).

On August 3, 2023, Acquiror purchased 1,750,000 Global shares via a private placement closing (at a cost of C$175,000, or an average of C$0.10 per share). Prior to August 3, the Acquiror held an aggregate of 6,418,318 Common Shares and 480,000 Warrant Shares in the Company, representing 15.96% of the issued and outstanding Shares on an as converted and partially diluted basis. After the purchase on August 3, the Acquiror held 8,168,318 Common Shares and 480,000 Warrant shares, or 18.64% of the issued and outstanding Shares on an as converted and partially diluted basis.

On July 11, 2023, the Acquiror previously filed a report under the early warning reporting rules of Canadian securities laws, disclosing that he beneficially owned or had control or direction over 5,649,597 Common Shares and 480,000 Warrant shares, at the time representing 14.18% of the Company's issued and outstanding Shares on an as converted and partially diluted basis.

The Acquiror is filing this latest early warning report because he has now accumulated more than 2% of the Company's issued and outstanding Shares since his prior filing on July 11, 2023.

This early warning news release is issued under the early warning provisions of Canadian securities legislation, including National Instrument 62-104 - Take-Over Bids and Issuer Bids and National Instrument 62-103 - The Early Warning System and Related Take-Over Bid and Insider Reporting Issues. A copy of the Early Warning Report will be filed at www.sedar.com.

For further information, contact:

Stefan Gleason
Gleason & Sons LLC
15720 Brixham Hill Avenue, #205
Charlotte, NC 28277
www.GleasonSons.com
Tel: 208-577-2230

This release includes certain statements that may be deemed "forward-looking statements." All statements in this release, other than statements of historical facts, that address anticipated future events are forward-looking statements. Although 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.

SOURCE: Gleason & Sons LLC