Global Energy Metals Corporation announced that a drilling program is now underway at the Millennium Copper Cobalt project aimed at tes'ng the Fountain Range-Quamby Fault Zone poten'al with the intent of increasing exis'ng copper/cobalt Resources. Millennium is a significant cobalt-copper deposit that remains open for expansion. The Project is located close to well established mining, transport and processing infrastructure along with a skilled workforce in the regional centres of Mount Isa and Cloncurry.

The Project has excellent potenBal and remains open for expansion by extending the known mineralized structure through exploraBon work to the north and to the east. Global Energy Metals' joint venture partner, Metal Bank Limited has recently been presented with the opportunity to u'lise an all-terrain drilling rig at Millennium for a small drilling program which will allow it to further test the Fountain Range- Quamby ("FRQ") Fault Zone in the north of the project area and to follow up on drilling an exis'ng RC pre-collar target below the current Resource. In addi'on, MBK is also con'nuing in its efforts to secure access and rights to the gap zone within its Resource and a buffer zone around its exis'ng HK-mining leases (MLs) prior to progressing this project towards feasibility studies.

MBK's focus at Millennium is to: grow current resource baseto within the range of the exis'ng Explora'on Target; secure the gap zone and buffer zones to support development and mining; and progress scoping and feasibility studies for development and commencement of produc'on. MBK is con'nuing its communica'on with the holder of explora'on permits surrounding the Millennium ML's and with the Queensland Government, with a view to securing rights to explore and apply for a Mining Lease over the gap zone in the Southern Area of the Millennium Project plus addi'onal buffer areas around the Millennium ML's required to support development and mining.