Globex Sells 91 Claims South of the Troilus Gold Mine and Other Updates - Seite 2

Excellon Resources Inc. (EXN-TSX, EXLLF-OTC, E4X1-FRA) has started an initial 15-hole drill program on the Silver City project in Saxony, Germany optioned from Globex. Twelve (12) additional drill holes have been permitted for immediate follow-up should current drilling intersect anticipated veining and silver mineralization (see Excellon press release dated July 9^th, 2020 and Globex option press release dated September 24, 2019).

Globex has received a payment of $80,000 from Eros Resource Corp. representing advance royalties due to date in regards to the Bell Mountain gold silver mine project in Nevada. Restriction that had been placed upon the property have been lifted and work has been allowed to proceed.

Nippon Dragon Resources Inc. (NIP-TSXV) reported on July 9^th, 2020 that drift development on the 50 Level of the Rocmec 1 (Russian Kid) gold deposit is advancing rapidly. The drift will access a 100-metre-long by 30-metre-high block of mineralized rock that will be extracted by thermal fragmentation. Globex holds a 3% GMR on the property at the current gold price.

This press release was written by Jack Stoch, Geo., President and CEO of Globex in his capacity as a Qualified Person (Q.P.) under NI 43-101.

We Seek Safe Harbour.	Foreign Private Issuer 12g3 – 2(b)
	CUSIP Number  379900 50 9 LEI 529900XYUKGG3LF9PY95
For further information, contact:
Jack Stoch, P.Geo., Acc.Dir. President & CEO Globex Mining Enterprises Inc. 86, 14th Street Rouyn-Noranda, Quebec Canada  J9X 2J1	T el.:  819.797.5242 Fax:  [phone]  [e-mail]  www.globexmining.com

Forward Looking Statements: Except for historical information, this news release may contain certain “forward looking statements”. These statements may involve a number of known and unknown risks and uncertainties and other factors that may cause the actual results, level of activity and performance to be materially different from the expectations and projections of Globex Mining Enterprises Inc. (“Globex”). No assurance can be given that any events anticipated by the forward-looking information will transpire or occur, or if any of them do so, what benefits Globex will derive therefrom. A more detailed discussion of the risks is available in the “Annual Information Form” filed by Globex on SEDAR at www.sedar.com

54,631,852 shares issued and outstanding