Mr. Jack Stoch reports

EXCELLENT CHANNEL SAMPLE RESULTS FROM GLOBEX'S FRANCOEUR/ARNTFIELD PROPERTY

Globex Mining Enterprises Inc. has released the results of channel sampling undertaken on the 450 gold zone of the company's 100-per-cent-owned Francoeur/Arntfield mines property west of Rouyn-Noranda, Que.

As reported previously in Globex press releases dated June 12, 2018, and Aug. 20, 2018, Globex had undertaken mapping and grab sampling of an area 450 metres south of the company's new South gold zone. The area, now called the 450 gold zone, was trenched in the 1930s. The company's initial grab samples, as described in its June 12, 2018, press release, returned gold assays of 14.16 grams per tonne, 11.55 grams per tonne, 7.06 grams per tonne, 6.27 grams per tonne, 5.55 grams per tonne and 4.15 grams per tonne and were taken in areas between the channel sample results reported from the No. 10 stripped area reported herein. While grab samples are unlikely to be representative, these samples fit in well with the channel sample results.

In the current exploration program on the 450 gold zone, three areas of shallow overburden were stripped, pressure washed, mapped and then channel sampled. In total, 110 channel samples were cut and submitted for gold analysis. Upon receipt of the assays, areas of continuous gold values were combined, giving the continuous horizontal widths and grades as shown in the attached table.

                                  NO. 10 STRIPPED AREA 

Samples Nos.                       Gold grade and horizontal width               Comments   

Samples 29 801 to 29 810        7.04 g/t Au over 9.50 m (31.2 feet)         Open to north 
Samples 29 817 to 29 822        6.68 g/t Au over 5.40 m (17.7 feet)         Open to south  
Samples 29 827 to 29 831        2.08 g/t Au over 4.90 m (16.1 feet)                     -  
Samples 29 833 to 29 836        4.34 g/t Au over 5.05 m (16.6 feet)         Open to north  

Note: The four sets of channel samples cover an east-west strike length of 
approximately 26 m (85 feet). The mineralization is open in all directions.

             NO. 12 STRIPPED AREA (APPROXIMATELY 200 METRES EAST OF
            STRIPPED AREA NO. 10 ON A SEPARATE MINERALIZED STRUCTURE)

Samples Nos.                       Gold grade and horizontal width               Comments 
  
Samples 29 872 to 29 876        4.47 g/t Au over 3.50 m (11.5 feet)         Open to north
Samples 29 884 to 29 886         3.77 g/t Au over 1.85 m (6.1 feet)                     -          

In comments in the table, the observations "open to north or "open to south" indicate that the width of the mineralized zone may continue in the direction indicated but overburden cover prevented additional sampling.

Globex is very pleased with the results of this channel sampling and will incorporate this information in planning its next phase of exploration, which will likely include addition lines of an induced polarization survey followed by drilling.

In other news related to the Francoeur/Arntfield mines property, Globex has purchased a residual 2-per-cent net smelter return royalty that applied to the Arntfield mine portion of the property as well as a large number of claims to the north. This is in addition to the previously announced purchase of the 1.5-per-cent net smelter return royalty applicable on the Francoeur mine property.

Gold assay method

Laboratoire Expert, located at 750-A Saguenay, Rouyn-Noranda, Que., uses a 29.16-gram subsample of the pulp (one assay tonne) and fuses it, following standard procedures used in a fire assay method. The gold content of all samples is determined using atomic absorption spectroscopy. Samples containing greater than three grams per tonne gold are subjected to a reassay whereby the gold content is determined using a gravimetric fire assay method.

Other news

Despite the recent decline in the zinc price, which has now recovered somewhat, the September monthly royalty payment from Nyrstar's operations at the company's Mid Tennessee royalty property was $131,000. Royalty payments in 2018 to date total $1,833,884.

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.

We seek Safe Harbor.