Globex

Exploration Update, Continuance as Federal Corporation - Seite 3

Globex acquired two silica properties, one of which, the Lac de la Grosse Femelle, was sold indirectly to Rogue Resources Inc. for 1,000,000 shares, cost and a 1% Net Smelter Return (NSR). The other, the Ha!Ha! Property was sold to Midatlantic Minerals Inc. for annual advance royalty payments and a $1.25 per ton royalty.

On our Timmins Talc Magnesite project near Timmins, Ontario, our team has been busy undertaking additional test work and developing a modified, internally generated economic assessment. Our internal study, which combines previous data generated for our published independent Preliminary Economic Assessment (April 16, 2012), new information input from experts, new test data and a different product line for the magnesia should be completed shortly. Initial work suggests significant capital cost savings, and increases in the discounted NPV and pre-tax and after tax IRR. The report is for internal use as a tool to help us raise awareness of the projects economic potential with financial institutions.

On the option front, Integra Gold Corp. continues to make required option payments but has not yet provided an update as to exploration undertaken on our Farquharson (Donald) property which adjoins their Triangle and 4 Plug gold zones.

Mag Copper Ltd. also has made required option payments to Globex, and maintained the Fabie Bay/Magusi property by paying taxes and doing the assessment work (including drilling) required to keep the land package. They are working on a plan to advance the Magusi deposit to production.

Tres-Or Resources Ltd. has been given an extension until November 30, 2014 to make the next option payment on the Fontana property which they have indicated they plan to make.

Laurion Mineral Exploration Inc. has made an agreement with Lincoln Mining Corporation on a path forward and Lincoln has announced a financing to pay Laurion and advance Globex's Bell Mountain royalty asset.

Glen Eagle Resources Inc. has recently started a new drill campaign on our Authier lithium royalty property.

Other news:

Globex has obtained Articles of Continuance under the Canada Business Corporations Act and that, effective October 28, 2014, Globex is a Canadian federal corporation governed by the Canada Business Corporations Act and is no longer governed by the Business Corporations Act (Québec). Globex's continuance as a federal corporation was approved at Globex's annual and special meeting of shareholders held on June 12, 2014.