Globex

Exploration Update, Continuance as Federal Corporation - Seite 2

A 645m four hole drill program was undertaken in the Smith gold zone area of the Smith Zulapa property. The best result was 5.97 g/t Au over 1.5 metres in hole SZ-14-04. The historical zones of mineralization were extended but as often occurs in areas of free gold, gold values are erratic. Again, more work is warranted.

At the Turner Falls rare earth property, additional core was assayed returning anomalous results. Recently, the property was enlarged encompassing at least two additional areas of high grade rare earth mineralization.

As regards the Wood Pandora property, we recently met with the new joint venture partners, Yamana Gold Inc. and Agnico Eagle Mines Limited that participate in the Wood Pandora Joint Venture under Canadian Malartic Corporation, following the takeover of Osisko Mining Corporation. A joint venture meeting was held to plan our next drill program and discussed other topics such as various options to develop the Ironwood gold deposit. One drill hole was done in order to meet assessment requirements on the Amm mining concession. The best results were 16.83 g/t Au over 0.6m and 6.08 g/t Au over 1.5m.

Lastly, we drilled several holes on our Champdoré Magnetic Complex but did not intersect anything of economic value.

Currently, Globex is preparing to drill several holes on our Rich Lake property on a series of geophysics anomalies and a coincident off hole anomaly indicated in previous drilling. We intend to undertake drilling on our Vauze and Beauchastel properties and are also mapping and sampling our new Moly Hill property and our Lac Turgeon property. The Moly Hill property has a historical non NI 43-101 resource reported in Quebec government files as 269,000 tons grading 0.13% Mo. What caught our interest are historical references to disseminated mineralization (bismuth?) underlying the molybdenite zone.

Recent acquisitions include the Moly Hill property referred to above and the Silidor Gold Mine property at Rouyn-Noranda from which 2,948,000 tonnes grading 5.08 g/t Au has been extracted. We purchased the Santa Anna Gold property which has a historical, non NI 43-101 resource of 1,278,532 tonnes grading 2.97 g/t Au (122,088 oz Au) of which 362,726 tonnes grading 2.42 g/t Au (27,764 oz Au) is reported as open pittable (See press release dated August 27, 2014). Source: Pierre O'Dowd, P.Geo., May 2005, NI-43-101 Technical Report for Vantex Resources Ltd. Historical non NI 43-101 resources should not be relied upon.