Global Battery Metals Announces Completion of Settlement for Leinster Lithium Project

(TheNewswire)

Vancouver, British Columbia – April2, 2025 – TheNewswire - GlobalBattery Metals Ltd. (the “ Company ” or “ GBML ”) (TSXV: GBML; OTCQB: REZZF; Frankfurt: REZ), aninternational critical mineral exploration company focused ongrowth-oriented lithium, copper and battery metal projects, announcesthat further its news release of November 25, 2024, termination of themutual obligations under an original letter of intent on October 28,2018, the first amendment dated April 16, 2020, and the secondamendment  dated August 15, 2022 (together, the“ LOI ”) between the Company, LRH Resources Limited(“ LRHR ”) and TechnologyMinerals PLC (“ TM1 ”), theparent company of LRHR is now complete, in accordance with the termsof the Settlement Agreement entered into between the parties dated asof October 11, 2024.

The Company is in receipt of an aggregate of 255,926  fully paidshares of Critical Metals Corp., a company listed on NASDAQ undersecurity symbol ‘CRML’ (the “ Consideration Shares ”) and GBML’s interest in theLeinster Lithium Project (the “ Project ” or the “ Property ”) in Ireland has now been deemed transferred toLRHR.

The Company’s outstanding exploration expenditures in the amount of€377,327.29 (the “ GBMLPayable ”) were also settled in Consideration Shares whichwere issued directly to the creditors.  For clarity, theConsideration Shares paid to GBML were net of satisfying the GBMLPayable.

About Global Battery MetalsLtd.

GBML is an international mineral exploration and development companywith a focus on lithium, copper and other metals that comprise andsupport the rapid evolution to battery power. GBML currently maintainseconomic interests in two battery metal projects: (1) a 100% interestin the drill-ready Lithium King Property in Utah; and (2) a 55% stakein Peru-based Lara Copper Property, which has over 10,000 metres ofdrilling. As previously disclosed, Minsur S.A., a Peruvian miningcompany, entered into an option agreement with GBML and LaraExploration Ltd. to acquire the Lara copper property for stagedpayments of USD$5.75 million. GBML will retain a 0.75% net smelterreturn royalty. GBML’s common shares are listed on the Exchange(TSXV: GBML); Frankfurt Stock Exchange (FSE: REZ); and are quoted onthe OTC Markets (OTCQB: REZZF).

Global Battery Metals Ltd.

Michael Murphy BA, MBA, MSc., ICD

President & CEO

T: 604-649-2350

E: MM@gbml.ca

W: www.gbml.ca

Neither the TSX Venture Exchange nor its Regulation Services Provider(as that term is defined in the policies of the TSX Venture Exchange)accepts responsibility for the adequacy or accuracy of this release.

Cautionary Statement Regarding“Forward-Looking” Information

This news release contains certain “forward-looking information”and “forward-looking statements” (collectively “forward-lookingstatements”) within the meaning of applicable securitieslegislation. All statements, other than statements of historical fact,included herein, without limitation, statements relating the futureoperations and activities of the Company, are forward-lookingstatements. Forward-looking statements are frequently, but not always,identified by words such as “expects”, “anticipates”,“believes”, “intends”, “estimates”, “potential”,“possible”, and similar expressions, or statements that events,conditions, or results “will”, “may”, “could”, or“should” occur or be achieved. Forward-looking statements in this news releaserelate to, among other things, among other things, exploration plansfor the Company’s various projects.  There can be no assurance thatsuch statements will prove to be accurate, and actual results andfuture events could differ materially from those anticipated in suchstatements. Forward-looking statements reflect the beliefs, opinions,and projections on the date the statements are made and are based upona number of assumptions and estimates that, while consideredreasonable by the Company, are inherently subject to significantbusiness, economic, competitive, political and social uncertaintiesand contingencies. Many factors, bothknown and unknown, could cause actual results, performance, orachievements to be materially different from the results, performanceor achievements that are or may be expressed or implied by suchforward-looking statements and the parties have made assumptions andestimates based on or related to many of these factors. Such factorsinclude, without limitation, the ability to obtain requiredshareholder and regulatory approvals. Readers should not place unduereliance on the forward-looking statements and information containedin this news release concerning these items. Readers are urged torefer to the Company's reports, publicly available through theCanadian Securities Administrators' System for Electronic DocumentAnalysis and Retrieval (SEDAR+) at www.sedarplus.ca for a morecomplete discussion of such risk factors and their potential effects.The Company does not assume any obligation to update theforward-looking statements of beliefs, opinions, projections, or otherfactors, should they change, except as required by applicablesecurities laws.

Copyright (c) 2025 TheNewswire - All rights reserved.