Global Energy Metals Enters Into Option Agreement to Advance the Monument Peak Silver Copper Gold Project, Idaho

(TheNewswire)

Vancouver, BC - TheNewswire - April29, 2026 - Global Energy Metals Corporation (TSXV:GEMC | OTC:GBLEF | FSE:5GE2)(“Global Energy Metals”, the “Company” and/or “GEMC”),a multi-jurisdictional, multi-commodity critical mineral exploration,development and project generating company focused on growth-orientedprojects supporting the global transition to the new energy economy,is pleased to announce that it, amongst others, (collectively withGEMC, the “Optionors”) hasentered into an arm’slength option agreement dated April 24, 2026 (the “Option Agreement”) with Grounded People Apparel Inc.traded on the CSE under symbol SHOE (the “Optionee” and/or “Grounded”), to advance exploration anddevelopment at the Company’s 50% owned Monument Peak silver–copper–gold project(the“Monument Peak Project” or the “Project”) located inLemhi County, Idaho, USA.

Pursuant to the Option Agreement, the Optionee has beengranted a multi-stage option over a four-year term to acquire theOptionor’s 100% interestin the Monument Peak Project, subject to a 1.0% net smelter returnsroyalty (the “NSRRoyalty”) retained bythe Company.  As consideration for vending its interest in theMonument Peak Project, Global Energy Metals will be entitled toreceive $650,000 in cash and $750,000 in common shares of GroundedPeople Apparel Inc. in staged payments and issuances, in addition to aminimum of $250,000 in exploration expenditures to be incurred by theOptionee within the first year. The Option Agreement also provides theOptionee the right to purchase one-half of the original NSR Royaltyheld by GEMC (the “BuyBack Right”) for cashconsideration of $1,000,000 payable to GEMC, if exercised prior to thefifth anniversary of the effective date of the Option Agreement (the“EffectiveDate”) and for$2,000,000 payable to GEMC, if exercised on or after the fifthanniversary of the Effective Date. No finder’s fees were paid in association withthis transaction.

The proposed transaction is expected toprovide Global Energy Metals with non-dilutive exposure to explorationsuccess at Monument Peak through a combination of cash payments,equity consideration, exploration expenditures, and a retained royaltyinterest.

Proposed TransactionHighlights

• Four-Year Earn-In Structure: The Optionee may earn a 100% interest inthe Monument Peak Project held by the Optionors through staged cashpayments, equity issuances, and exploration commitments over afour-year period. 

• Retained Royalty: GEMC will retain a 1.0% NSR Royalty on theProject upon exercise of the option subject to a buy backright. 

• Non-Dilutive Consideration: The structure provides exposure toProject upside through cash, equity participation, and explorationfunding without shareholder dilution at the Companylevel. 

• InvestorRights Agreement: Following the Closing Date, the Companywill enter into an investor rights agreement to formalize itsstrategic investment by securing the right to appoint a nominee to theOptionee’sboard of directors, thereby ensuring ongoing oversight, alignment onkey decisions, and the ability to actively contribute to theOptionee’sgrowth and governance. 

Mitchell Smith,President and CEO, Director commented:

“This agreementrepresents a strategic step forward for Global Energy Metals as wecontinue to unlock value from our project portfolio while maintainingdisciplined capital allocation. By partnering with Grounded PeopleApparel, we gain meaningful, non-dilutive exposure to theexploration and development upside at Monument Peak through acombination of cash, equity participation and a retained royalty.Importantly, this structure allows us to benefit from potentialdiscovery success while preserving our balance sheet and focusing onadvancing our broader battery metals strategy. We are also encouragedby the potential to consolidate ownership at the project level, whichwe believe could further enhance Monument Peak’s long-termdevelopment pathway.”

Monument PeakProject

The Monument Peak Project is adistrict-scale silver–copper–goldexploration asset located in a mining-friendly jurisdiction in Idaho,USA. The Project comprises a large land package of unpatented miningclaims prospective for polymetallic mineralization. For moreinformation on Monument Peak please refer to the linkedcorporate website and associated NI43-101 Technical Report published for the project.

Qualified Person

Mr. Paul Sarjeant, P. Geo., the qualified person forthis release as defined by National Instrument 43-101 - Standards ofDisclosure for Mineral Projects, has reviewed and approved this newsrelease.  He is a shareholder and Director ofthe Company.

About Global Energy MetalsCorporation

(TSXV:GEMC | OTC:GBLEF| FSE:5GE2)

Global Energy Metals Corp. providesinvestors with direct exposure to the rapidly expanding new energymarket through the development of a diversified, global portfolio ofexploration and growth-stage critical mineral assets.

The Companyrecognizes that the accelerating electrification of the global economyis fundamentally dependent on the secure supply of critical batterymetals, including cobalt, nickel, copper, lithium and other essentialraw materials. To help address this challenge and participatemeaningfully in the electrification movement, Global Energy Metals hasadopted a disciplined consolidate, partner and invest strategy,assembling and advancing a portfolio of strategically significantbattery metal investments.

Through its copper,nickel, cobalt, silver, lithium and uranium projects in Canada,Australia, Norway and the United States, Global Energy Metals isinvesting in, exploring and developing prospective, scalable assetslocated in established mining and processing jurisdictions, often inclose proximity to end-use markets. The Company prioritizes projectswith low logistical and processing risk, positioning them foraccelerated development and potential entry into the battery supplychain within the current cycle.

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

Securing exposure tothe minerals that power the eMobility revolution represents agenerational investment opportunity. Global Energy Metals believes nowis the time to be part of the electrification movement.

On Behalf of the Boardof Directors

“MitchellSmith”
Chief Executive Officer& Director

For FurtherInformation:

Global Energy MetalsCorporation

Email: info@globalenergymetals.com

t. + 1 (604) 688-4219

www.globalenergymetals.com

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Cautionary Statementon Forward-Looking Information:  

Certain informationin this release may constitute forward-looking statements underapplicable securities laws and necessarily involve risks associatedwith regulatory approvals and timelines. Although Global Energy Metalsbelieves the expectations expressed in such forward-looking statementsare based on reasonable assumptions, such statements are notguarantees of future performance and actual results or developmentsmay differ materially from those in the forward-looking statements.Except as required by law, Global Energy metals undertakes noobligation to update these forward-looking statements in the eventthat management’s beliefs, estimates or opinions, or other factors,should change.  

For more informationon Global Energy and the risks and challenges of their businesses,investors should review the filings that are available atwww.sedar.com.

Neither TSX VentureExchange nor its Regulation Services Provider (as that term is definedin the policies of the TSX Venture Exchange) accepts responsibilityfor the adequacy or accuracy of this release.

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