Globex Provides Update to Shareholders - Seite 2

While it is difficult to complete deals, Globex has vended a number of small royalties to Electric Royalties Ltd (“Electric Royalties”), an emerging royalty company focused on the entire suite of metals associated with the electric vehicle and battery revolution including cobalt, copper, nickel, tin, graphite, lithium and manganese.  We have agreed to sell our 2% GMR’s on the Chubb and Bouvier Lithium exploration properties, 2% of our 3% Gross Metal Royalty on the Battery Hill Manganese project, 0.5% of our 1% Gross Metal Royalty on the Authier Lithium project and 2% GMR on adjoining claims to the east and west, and Globex’s 1% Gross Metal Royalty on the Mont Sorcier Iron Vanadium deposit but only on Vanadium production.  In exchange, Globex will receive $500,000 ($25,000 received) and 3,000,000 shares of Electric Royalties in addition to certain contingent payments upon certain milestones. The transaction is expected to close in Q2 of 2020 and despite the difficult market conditions, things are progressing well.

On the acquisition front for a goodly number of years, we have wanted to acquire three claims which prevented us from continuing to extend significant gold intersections along strike of the Maufort Mega Shear at the west end of our large Tiblemont/Tavernier gold/copper/zinc property (see map on the Globex website).  At the boundary of the north end of the newly acquired claims, we intersected gold values such as 19.6 g/t Au over 1.5 m, 2.46 g/t Au over 1 m, 3.91 g/t Au over 1 m, 23.6 g/t Au over 1 m, 7.5 g/t Au over 1.5 m, 5.9 g/t Au over 4 m, 9.7 g/t Au over 1 m and 4.29 g/t Au over 1 m.  Beyond the south boundary of the newly acquired cells, historical drill holes report up to 15.8 g/t Au over 3 m, 6.34 g/t Au over 6.8 m and 5.9 g/t Au over 3.8 m as well as a historical non NI 43-101 compliant resource of 87,000 t grading 5.8 g/t Au (Source Sigeom: Maufort Resources 1985).  We believe that the newly acquired claims may have exceptional potential.  In addition to acquiring the claims, we also purchased an underlying 2% NSR attached to the property.  The only remaining encumbrance is a 1% NSR, 0.5% of which we can purchase at any time for $100,000 and a first right of refusal on the remaining 0.5% NSR.