Positive Update On First-Ever Drill Program At Lovelock Cobalt-Nickel-Copper Project

VANCOUVER - Global Energy Metals Corporation reported on the Phase 1 drilling at the Lovelock Cobalt-Nickel-Copper project located in the Stillwater Range in Nevada. Highlights to date include: 1) Phase 1 drilling at Lovelock is well underway with over 800 meters in seven (7) reverse circulation drill holes completed with more planned. 2) Drilling intersected possible mineralization, alteration and primary structures, targeted through the re-interpretation of historical geological and geophysical data. 3) A number of drilled sections have visual characteristics similar to rock observed on the waste dump of the Lovelock Mine that when analyzed with a portable X-ray fluorescence (XRF) device showed elevated cobalt, nickel and copper values. 4) Drill cuttings are being logged and sampling of the Phase 1 drilling is underway, with initial assay results expected. 5) The Company believes that Lovelock displays potential for near-surface cobalt, nickel and copper mineralization and could become a significant discovery opportunity in the highly prospective Stillwater IOCG region.

Timothy Strong, Project Development Manager, said, "We are very pleased with the progress made from Phase I drilling which primarily targeted the untested, near surface IOCG system, as well as additional targets outside the historical mining zone. These chargeability anomaly targets were established by our team as highly prospective through re-interpretation of historic geological and geophysical data. So far, the majority of the holes drilled have intersected interesting structures, alteration, and possible mineralization visually comparable to descriptions of rocks from the Lovelock Mine waste dump that previous testing showed anomalously high cobalt, copper and nickel concentrations.”