Metallic Sieve Analysis Returns Higher Grades on Montalembert Gold Samples - Globex

ROUYN-NORANDA, QUEBEC--(Marketwired - March 31, 2017) - GLOBEX MINING ENTERPRISES INC. (TSX:GMX)(FRANKFURT:G1MN)(STUTTGART:G1MN)(BERLIN:G1MN)(MUNICH:G1MN)(XETRA:G1MN)(OTCQX:GLBXF) is pleased to report the results of metallic sieve analysis upon nine samples of gold bearing material from channel samples, on the Montalembert gold project.

The metallic sieve analysis was performed on nine samples which, in the fire assay method returned assays ranging from 1.58 g/t Au to 438.22 g/t Au. Seven of the nine channel samples returned assays higher than reporting to the standard fire assay method. This is typical in cases where coarse free gold occurs in the sample.

The following are the comparing assay results;

Sample ID	Sample Type	Interval (m)	Original Assay - Gravity Finish	New Assay - Metallic Sieve	Difference
			Au (g/t)	Au (g/t)	%
D110069	Channel	1	438.225	510.79	16.56%
D110059	Channel	1	119.935	118.79	-0.95%
D109952	Channel	1	39.345	40.23	2.25%
D109955	Channel	1	8.88	11.13	25.34%
D110103	Channel	1	5.59	108.21	1835.78%
D109580	Channel	1	5.07	9.47	86.79%
D109891	Channel	1	4.56	4.28	-6.14%
D110102	Channel	1	3.84	6.60	71.88%
D110122	Channel	1	1.58	1.81	14.56%

The metallic sieve analysis was performed by Activation Laboratories Ltd. of Ancastor, Ontario and Laboratoire Expert Inc. of Rouyn-Noranda, Quebec.