Globex Options Ramp Gold Property to RJK Exploration

ROUYN-NORANDA, QUEBEC--(Marketwired - May 31, 2016) - GLOBEX MINING ENTERPRISES INC. (TSX:GMX)(FRANKFURT:G1M)(STUTTGART:G1M)(BERLIN:G1M)(MUNICH:G1M)(XETRA:G1M)(OTCQX:GLBXF) wishes to inform shareholders that it has reached a tentative agreement to option its Ramp Gold Property located northeast of Matheson Ontario to RJK Explorations Ltd. (TSX VENTURE:RJX.A). The property is located along the gold localizing Porcupine-Destor Fault Zone, a major crustal feature related to gold deposits in the Timmins and Matheson gold camps.

Under the agreement RJK can earn 100% beneficial interest in the Ramp Gold Property subject to the following terms:

1. $10,000 upon signature of the Option Agreement;
2. $250,000 on or before July 15, 2016;
3. $250,000 in each subsequent year subject to an adjustment for inflation;
4. A 2.5% Gross Metal Royalty (GMR) payable to Globex, 1% of which may be purchase in increments of 0.5% at any time for $1,000,000 for each 0.5%, within 3 years of Commercial Production.

The Ramp Gold Property consists of 66 unpatented claims, 16 patented claims, 3 mining leases and 9 parcels of patented and leased surface rights.

A historic mineral resource was calculated by R.A. Bennett, P.Eng. in a report dated January 28, 1994 titled "Property Report, 1993 Compilation Beatty Township Area, Larder Lake Mining Division, Ontario for Maude Lake Gold Mines Limited" as follows:

Resource Above 220 m Elevation

Name	Proven		Probable		Possible		Drill Indicated		Totals
	Tons	Oz Au	Tons	Oz Au	Tons	Oz Au	Tons	Oz Au	Tons & grade
5 Zone "04"	81,810	16,988	46,155	6,216	11,910	1,833	13,711	2,935	153,586 @ .182
5 Zone "03"	-	-	2,983	365	10,573	1,669	-	-	13,558 @ .150
5 Zone "02"	9,215	2,503	12,236	2,115	24,488	5,527	26,137	6,181	72,075 @ .224
5 Zone "01"	-	-	-	-	-	-	69,462	13,596	69,462 @ .196
Ramp Vein	-	-	26,162	25,344