Global Battery Metals Announces Proposed Consolidation

(TheNewswire)

Vancouver, British Columbia – TheNewswire - February 19, 2025 – Global Battery MetalsLtd. (the “ Company ”or “ GBML ”) (TSXV: GBML;OTCQB: REZZF; Frankfurt: REZ), an international critical mineralexploration company focused on growth-oriented lithium, copper andbattery metal projects, announces that, further to receivingshareholder approval in respect of consolidating the common shares ofthe Company (“ CommonShares ”) at the Annual General and Special Meeting of itsshareholders held January 31, 2025, the board of directors of theCompany has approved the consolidation on the basis of 10pre-consolidation securities for each every one post-consolidationsecurity (the “ Consolidation ”).

The Company currently has 78,539,280 pre-Consolidation Common Sharesoutstanding and, when effected, the Consolidation would reduce thenumber of outstanding Common Shares to approximately 7,853,928post-Consolidation Common Shares. The exercise price and number ofCommon Shares issuable upon the exercise of any outstanding stockoptions, Common Share purchase warrants or other securitiesconvertible into Common Shares will be proportionately adjusted toreflect the Consolidation. No fractional Common Shares will be issuedas a result of the proposed Consolidation. Any fractional CommonShares resulting from the Consolidation will be rounded down to thenearest whole number of Common Shares, and no cash consideration willbe paid in respect of fractional Common Shares rounded down to thenearest whole Common Share.

The Consolidation is subject to the receipt of regulatory approval,including acceptance by the TSX Venture Exchange (“ TSXV ”).  A subsequent newsrelease will follow, upon receipt of TSXV approval, announcing theeffective date of the Consolidation, the new CUSIP and ISIN of thepost-Consolidation Common Shares and all other relevant detailsregarding the Consolidation. The Company anticipates that its currenttrading symbol will remain unchanged.

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 four battery metal projects: (1) an option toacquire up to a 90% interest in the Leinster Lithium Property (whichis the subject matter of the Settlement Agreement); (2) an option to acquire an additional six licenses contiguous tothe Leinster Lithium Project from Tancred Resources, covering 249 km 2 adjacent to the Knockeen Lithium PegmatiteProject; (3) a 100% interest in the drill-ready LithiumKing Property in Utah; and (4) a 55% stake in Peru-based Lara CopperProperty, which has over 10,000 metres of drilling. As previouslydisclosed, Minsur S.A., a Peruvian mining company, entered into anoption agreement with GBML and Lara Exploration Ltd. to acquire theLara copper property for staged payments of USD$5.75 million. GBMLwill retain a 0.75% net smelter return royalty. GBML’s common sharesare listed on the Exchange (TSXV: GBML); Frankfurt Stock Exchange(FSE: REZ); and are quoted on the 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 RegardingForward-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, the Consolidation, including thereceipt of regulatory approval and the timing thereof. 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 toobtain the acceptance of the TSXV and to effect the Consolidation onthe basis anticipated or at all. 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 more complete discussion ofsuch risk factors and their potential effects. The Company does notassume any obligation to update the forward-looking statements ofbeliefs, opinions, projections, or other factors, should they change,except as required by applicable securities laws.

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