Global Battery Metals Announces Private Placement Financing

(TheNewswire)

Vancouver, British Columbia –TheNewswire - January 20, 2026 – Global Battery Metals Ltd. (the “Company” or “GBML”) (TSXV: GBML; OTCQB: REZZF;Frankfurt: REZ0), an international critical mineral explorationcompany focused on growth-oriented lithium, copper and battery metalprojects, announces a non-brokered private placement(the “Offering”) of up to 7,000,000 units (the “Units” and each, a“Unit”) at a price of $0.09 per Unit for gross proceeds of up to$630,000. Each Unit will comprise one common share of the Company(“Share”) and one common share purchase warrant of the Company(“Warrant”), whereby each Warrant will entitle the holder thereof toacquire one additional Share at a price of $0.12 per Share for aperiod of three years from the date of issuance.

The Company intends to use the net proceeds raised fromthe Offering to cover expenses involved in future project evaluation and forgeneral working capital purposes. Finder’sfees may be applicable.

All securities to be distributed in connection with theOffering will be subject to a statutory hold period of four monthsfrom the date of issuance in accordance with applicable securitieslaws. The Offering is subject to TSX Venture Exchangeacceptance. 

Certain directors and officers of the Company mayacquire securities under the Offering. Such participation will beconsidered a “related party transaction” as defined underMultilateral Instrument 61-101 Protection of Minority Security Holders in SpecialTransactions (“MI 61-101”). TheCompany anticipates that it will rely on the exemptions from theformal valuation and minority shareholder approval requirements of MI61-101 contained in sections 5.5(a) and 5.7(1)(a) of MI 61-101 as thefair market value of the securities to be distributed to insiders, andthe consideration to be received by the Company for such securities,will not exceed 25% of the Company's marketcapitalization.

The securities described herein have not been, and willnot be, registered under the United States Securities Act of 1933, asamended (the “U.S.Securities Act”), or any state securitieslaws, and may not be offered or sold within the United States exceptin compliance with the registration requirements of the U.S.Securities Act and applicable state securities laws or pursuant toavailable exemptions therefrom. This press release does not constitutean offer to sell or a solicitation of an offer to buy any securitiesin the United States.

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 Lithium King Property in Utah; and (2) a 55% stake inPeru-based Lara Copper Property, which has over 10,000 metres ofdrilling. GBML’s common shares are listed on the Exchange (TSXV:GBML); Frankfurt Stock Exchange (FSE: REZ0); and are quoted on the OTCMarkets (OTCQB: REZZF).

Global Battery Metals Ltd.

Michael Murphy BA, MBA, MSc., ICD

President & CEO

T: 604-428-6128

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-looking statements”)within the meaning of applicable securities legislation. Allstatements, other than statements of historical fact, included herein,without limitation, statements relating the future operations andactivities of the Company, are forward-looking statements.Forward-looking statements are frequently, but not always, identifiedby words such as “expects”, “anticipates”, “believes”,“intends”, “estimates”, “potential”, “possible”, andsimilar expressions, or statements that events, conditions, or results“will”, “may”, “could”, or “should” occur or beachieved. Forward-looking statements inthis news release relate to, among other things, theOffering, including the terms of the Offering, the use of proceeds ofthe Offering, the receipt of acceptanceof the Offering by the TSX Venture Exchange, and the plans andbusiness of GBML. There can be no assurancethat such 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 of theCompany to close the Offering on the proposed terms or at all, and theability of the Company to obtain acceptance of the Offering by the TSXVenture Exchange. 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 under theCompany’s profile on SEDAR+ at www.sedarplus.ca for a more completediscussion of such risk factors and their potential effects. TheCompany does not assume any obligation to update the forward-lookingstatements of beliefs, opinions, projections, or other factors, shouldthey change, except as required by applicable securities laws.

//NOT FOR DISTRIBUTION TO UNITEDSTATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITEDSTATES//

Copyright (c) 2026 TheNewswire - All rights reserved.