Global Energy Metals Corporation announced that its strategic partner, Kingsrose Mining Limited ("Kingsrose"), has provided an update on exploration activities at the brownfield Råna Nickel-Copper-Cobalt (Ni-Cu-Co) sulphide project (the "Project") in Nordland County, Norway. Drilling is due to commence in early July 2023 and will target zones of potential massive sulphide nickel-copper-cobalt mineralization being generated from ongoing mapping and geophysical surveys. All required notifications have been submitted, meaning that drilling can commence at Råna.

Rig mobilization is planned for the last week of June 2023, to commence a 5,000 metre drill program testing targets generated from ongoing mapping and geophysical surveys. The previously announced ground-based, fixed loop electromagnetic (FLEM) survey has been completed. Data processing and interpretation is in progress (Refer to news release dated April 20, 2023).

A Magnetotelluric (MT) geophysical program is currently underway, comprising of: a detailed ground-based MT survey targeting the Bruvann and Rånbogen prospect areas, using a nominal 200 metre station spacing, with delivery of final 3D inversions anticipated in August 2023; an intrusion-wide heli-borne MT survey (Mobile MT) totaling 815 line kilometers using a 200 metre line spacing has commenced and will take approximately 2 weeks to complete, with final data delivery anticipated by the end of June 2023. Three additional exploration rights totaling 30 square kilometers have been acquired at the Sørgorden project, located 30 kilometers to the south of Råna covering an unexplored mafic-ultramafic intrusion with geological characteristics similar to Råna. A Mobile MT survey will be flown to help model the intrusion and explore for conductive bodies which may represent massive sulphide exploration targets.