23 May 2013 CLOSE OF ENTITLEMENT ISSUE

The Board of Global Metals Exploration NL (Global Metals, the Company) is pleased to announce the successful closure of the recent Entitlement Offer, under which approximately 487 million New Shares were offered at an issue price of 0.2 cents ($0.002) per New Share. One attaching New Option was also offered for every two (2) New Shares taken up with each New Option exercisable at 0.3 cents ($0.003) before 5pm WST on 31 December 2016 for one (1) share in the Company.

$70,923 was raised through subscriptions from shareholders with the remainder being taken up as shortfall per the Prospectus dated 24 April 2013.

The Company would like to thank shareholders for their support and interest.

Enquiries:

Ms Lia Darby Managing Director (02) 9225 4050

lia.darby@gmetex.com.au

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