Mr. Jack Stoch reports

GLOBEX: DECEMBER ZINC ROYALTY PAYMENT HIGHER THAN EXPECTED AND OTHER NEWS

Despite the Christmas and new year break, Globex Mining Enterprises Inc.'s December royalty payment from the Nyrstar NV zinc mine in Tennessee rose again to $133,199 (U.S.), or $170,109, based on an average zinc price of $1.45 (U.S.) per pound. The current zinc price has moved up further to $1.62 (U.S.) per pound.

Other news

Renforth Resources Inc., on Jan. 23, 2018, provided assays from its December, 2017, drill program on Globex's Parbec property. The drilling extended the mineralized resource model horizons at Parbec by 60 metres on strike to the northwest with gold intersected in each of seven holes.

Intersections reported include 2.34 grams per tonne gold over 11.05 metres, 1.15 grams per tonne gold over 15.35 metres, 1.25 grams per tonne gold over 26.5 metres (see Renforth press release dated Jan. 23, 2018, for details).

Globex is pleased with the drill results and looks forward to the results from the current drill program.

Chalice Gold Mines Ltd. has informed Globex that drills are currently working on the Nordeau land package optioned from Globex, part of Chalice's East Cadillac gold project.

Chalice has increased its 7,700-metre drill program by an additional 21,000 metres. Results from drilling completed to date extend the mineralized structures at the Nordeau West deposit a further 150 metres west and down dip to the minus-800-metre vertical level (see Chalice press release dated Jan. 19, 2018, for details).

Great Thunder Gold Corp. has released assay results from Globex's Chubb lithium royalty property. Highlights from hole C-17-01 include 1.33 per cent of lithium oxide (Li2O) over 5.3 metres and 1.15 per cent Li2O over 2.1 metres. Hole C-17-02 yielded 0.9 per cent Li2O over 3.6 metres (see Great Thunder press release dated Jan. 23, 2018, for details).

This press release was written by Jack Stoch, Geo, president and chief executive officer of Globex, in his capacity as a qualified person under National Instrument 43-101.

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