Global Battery Metals Closes Private Placement Financing

(TheNewswire)

Vancouver, British Columbia – March2, 2026 - TheNewswire– 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, further to its news release of January 20, 2026,the closing of its non-brokered private placementoffering of 7,000,000 units (the “Units” and each, a“Unit”) at a price of $0.09 per Unit raising gross proceeds of$630,000 (the “Offering”). Each Unit comprises one commonshare of the Company (“Share”) and one common share purchasewarrant of the Company (“Warrant”), whereby each Warrant entitles theholder thereof to acquire one additional Share at a price of $0.12 perShare until March 2, 2029.

No finder’s fees were applicable and the Companyintends to use the proceeds raised from the Offering to cover expenses involved in futureproject evaluation and for general workingcapital purposes.

All securities issued in connection with the Offeringare subject to a statutory hold period expiring July 3, 2026,being the date that is fourmonths and a day from the date of issuance in accordance withapplicable securities laws. The Offering remains subject to finalacceptance by the TSX Venture Exchange. 

Certain directors and officers of the Companyparticipated in the Offering, specifically (i) Michael Murphy, ChiefExecutive Officer and Director of the Company, purchased 1,000,000Units, (ii) Craig Roberts, Director of the Company, purchased 670,000Units, and (iii) Alan Matthews, Director of the Company, purchased83,000 Units. Such participation by insiders is considered a“related party transaction” as defined under MultilateralInstrument 61-101 Protectionof Minority Security Holders in Special Transactions (“MI61-101”). The Company relied on the exemptionsfrom the formal valuation and minority shareholder approvalrequirements of MI 61-101 contained in sections 5.5(a) and 5.7(1)(a)of MI 61-101 as the fair market value of the securities distributed toinsiders, and the consideration received by the Company for suchsecurities, did not exceed 25% of the Company's marketcapitalization. The Company did not file a material changereport in respect of the related party transactions at least 21 daysbefore the closing of the Offering, which the Company deems reasonablein the circumstances in order to complete the Offering in anexpeditious manner. The Offering had been unanimously approved by theCompany’s Board of Directors.

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, the useof proceeds of the Offering, the receiptof final acceptance of the Offering by the TSX Venture Exchange, andthe plans and business of GBML. There can be noassurance that such statements will prove to be accurate, and actualresults and future events could differ materially from thoseanticipated in such statements. Forward-looking statements reflect thebeliefs, opinions, and projections on the date the statements are madeand are based upon a number of assumptions and estimates that, whileconsidered reasonable by the Company, are inherently subject tosignificant business, economic, competitive, political and socialuncertainties and contingencies. Manyfactors, both known and unknown, could cause actual results,performance, or achievements to be materially different from theresults, performance or achievements that are or may be expressed orimplied by such forward-looking statements and the parties have madeassumptions and estimates based on or related to many of thesefactors. Such factors include, without limitation, the ability of theCompany to obtain final acceptance of the Offering by the TSX VentureExchange. Readers should not place undue reliance on theforward-looking statements and information contained in this newsrelease concerning these items. Readers are urged to refer to theCompany's reports, publicly available under the Company’sprofile 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 should beliefs, opinions, projections, or other factors,change, except as required by applicable securities laws.

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