Mr. Jack Stoch reports

GLOBEX TO DRILL NEW GOLD ZONES AT FRANCOEUR/ARNTFIELD PROPERTY

Globex Mining Enterprises Inc. has provided an update to shareholders on its recent work undertaken on the new 450 gold zone on its Francoeur/Arntfield gold mines property, located approximately 18 kilometres west of Rouyn-Noranda, Que., in Beauchastel township (32D03).

On Oct. 16, 2018, Globex announced the results of channel sampling undertaken on a new underexplored area of the property, the 450 gold zone.

                             NO. 10 STRIPPED AREA   
                                                                         
Samples                       Gold grade and horizontal width               Comments  
  
29 801 to 29 810             7.04 g/t Au over 9.50 m (31.2 ft)         Open to north
29 817 to 29 822             6.68 g/t Au over 5.40 m (17.7 ft)         Open to south
29 827 to 29 831             2.08 g/t Au over 4.90 m (16.1 ft)                    --          
29 833 to 29 836             4.34 g/t Au over 5.05 m (16.6 ft)         Open to north
            

The four sets of channel samples cover an east west strike length of approximately 26 m (85 ft). 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                       Gold grade and horizontal width                Comments  
                 
29 872 to 29 876             4.47 g/t Au over 3.50 m (11.5 ft)          Open to north              
29 884 to 29 886              3.77 g/t Au over 1.85 m (6.1 ft)                     --                         

Following the receipt of these channel sample assays, Globex decided to undertake a 13.4-kilometre IP survey over a strike length of 1.2 km centred upon the newly unearthed 450 gold zone mineralization.

Of particular note from the survey results are several merging anomalies that coincide with the 450 gold zone. Several other anomalies were also delineated including one lengthy one at the northern limit of the grid, which coincides with the South Shear gold zone (see press release dated Dec. 6, 2017).

Globex has decided to undertake a drill program on the 450 gold zone and the corresponding IP anomalies. In addition, several holes will be drilled beneath the Main and South Shear gold zones in which previous shallow drilling and stripping outlined gold over the 350-metre strike length tested. The drilling permit has been received and a number of companies have been asked to bid on the work.

Other news

Renforth Resources Inc. is currently drilling on Globex's Parbec gold property west of the large Canadian Malartic open-pit gold mine. Globex has received, as a final option payment, $200,000 and a certificate for 250,000 Renforth shares. This is in addition to a 2.5-million-share payment and a 1-per-cent net smelter return in the New Alger gold mine property, received as part of an extension afforded Renforth to complete option exploration expenditures at Parbec. Renforth's drilling at Parbec continues to intersect significant gold values close to surface. Its latest press releases (Jan. 29, 2019, and Feb. 7, 2019) reported up to 11.56 grams per tonne gold over 1.1 metres and 24.62 g/t Au over 0.9 m, respectively.

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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