Globex Intersects Wide, Near Surface, Potential Open Pit Type Gold Target - Seite 2

For more information regarding the Francoeur and Arntfield Gold Mines Property acquisition, please see Globex Website at www.globexmining.com to read press releases dated March 3, 2016 and July 28, 2016.

The split core samples were assayed for gold by Laboratoire Accurassay in Rouyn-Noranda, Quebec. A strict quality assurance/quality control program was applied to all samples, which includes insertion of mineralized reference materials or blank samples or duplicates for each batch of 10 samples. The sample were crushed 70% passing -10 mesh and then a 500 grams sub-sample was pulverized 85% passing -200 mesh. The gold analyses were completed by fire assays with an atomic absorption finish on 30 grams of pulp material. Repeats were carried out by fire assay followed by gravimetric testing on each sample containing three grams per tonne gold or more.

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

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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

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Globex Mining Enterprises Inc.
Jack Stoch, P.Geo., Acc.Dir.
President & CEO
819.797.5242
819.797.1470 (FAX)
[e-mail]
www.globexmining.com