Globex

Project Updates, Acquisitions, Deals

ROUYN-NORANDA, QUEBEC--(Marketwired - Sept. 22, 2015) - GLOBEX MINING ENTERPRISES INC. (TSX:GMX)(FRANKFURT:G1M)(STUTTGART:G1M)(BERLIN:G1M)(MUNICH:G1M)(XETRA:G1M)(OTCQX:GLBXF)

While markets have been difficult Globex continues to operate with the firm belief that the exploration sector will again be given its head and that we, in our capacity as a project generator in addition to being an explorer, and royalty company, are well placed to attract partners to participate in unlocking the value of our assets. The Abitibi in particular is our backyard, where our long experience in the region and our talented staff give our shareholders some of the best exposure to discovery available anywhere in the world. Our work as a project generator has continued throughout 2015 allowing us to acquire and advance mineral properties that meet our basic project criteria: historic or qualified mineral resources; past production; established drill targets or drill intersections of economic merit and; location on major ore localizing geological structures. The Company has grown to where it now owns 129 projects including royalties. It continues to grow its stable of precious metal, base metal and industrial mineral projects including the number of projects available for option.

Since our last update in April the Company has made the following acquisitions in Quebec:

• The Company recently (see September 9^th, press release) acquired the high grade Montalembert Gold Project, located approximately 9 km north of the Cree Village of Waswanipi and 80 km southwest of the community of Chapais. Free gold in quartz veins was discovered on the property in 1949. Trenching and limited drilling at that time defined several north trending quartz vein systems carrying visible gold (Galena No. 1, No. 2 and Rabbit among others) within schistose rocks (possibly shear zones). Detailed trenching in 1973 by Rochelom Mines Ltd. with seventy-eight large scale samples revealed a near continuous gold bearing strike length of 123 m (405 ft) in the Galena vein with an average width of 0.6 m (2 ft). The quartz vein samples were reported to have returned an average gold assay of 0.67 oz/ton (20.8 gpt Au). Another batch of samples from the vein was sent to a second assay lab and returned an average gold assay of 0.59 oz/ton (18.4 gpt Au). Enclosing country rock was not assayed.