Mr. David Christie reports

GLOBEX REPORTS ADDITIONAL HIGH-GRADE GOLD IN DRILLING ON IT'S NORDEAU ROYALTY CLAIMS

Globex Mining Enterprises Inc. has updated shareholders on exploration drilling by Cartier Resources Inc. on Globex's Nordeau royalty claims in Vauquelin township (32C03), 45 kilometres southeast of Val d'Or, Que. Globex holds a 3-per-cent gross metal royalty on the Nordeau claims including the area where Cartier continues to expand its gold discovery called the North Contact zone on Cartier's Cadillac property.

Cartier has announced additional drill intersections on the NCZ gold zone intersecting significant gold mineralization between 100-metre and 300-metre depth. The NCZ is composed of three parallel high-grade gold zones, NC1, NC2 and NC3, each separated by approximately 50 metres. The highlight results from the Cartier Resources press release are as follows:

• In the NCZ East extension:
  • CA25-559 intersected 54.6 grams per tonne gold over 1.0 m, including 85.1 g/t Au over 0.5 m, in NC1.
  • CA25-558 intersected 4.4 g/t over 6.0 metres, including 23.2 g/t Au over 1.0 m, in NC3.
  • CA25-557 intersected 7.5 g/t over 0.5 m in NC3.
• In the NCZ:
  • CA25-554 intersected 1.5 g/t Au over 15.5 m in NC3.
  • CA25-547 intersected 1.2 g/t Au over 13.2 m in NC3.
  • CA25-552 intersected 1.0 g/t Au over 10.5 m in NC3.

Note: Based on the observed intercept angles within the drill core, true thicknesses are estimated to represent approximately 50 to 75 per cent of the reported core length intervals.

• Importantly, holes CA25-557, 558 and 559 discovered high-grade gold zones 500 metres along the eastern strike extension of the NC1 and NC3 gold zones, thereby expanding the North Contact main mineralized system. Visible gold and sulphides are consistently observed in these results.
• It is also important to note that holes CA25-547, 552 and 554 confirmed the NCZ extends to surface and remains open to depth, and thereby supports the potential for shallow development scenarios and resource expansion. The combination of exposed bedrock and minimal overburden and proximity to year-round access roads positions the NCZ as a highly strategic asset.

Next steps

Cartier has indicated that expansion drilling on the NCZ will continue at depth in the 300- to 600-metre depth range and to connect the lateral footprint of the NCZ and its eastern extensions with the objective of upgrading the mineral resource estimate. Cartier also proposes to continue testing high-priority regional targets along the strike of the contact sector and the Heva fault zone, backed by detailed structural and geological modelling and Vrify's artificial intelligence driven targeting.

Cartier's ambitious 600-hole drilling program will both expand known gold zones and test new shallow-surface high-potential targets with its 100,000-metre program forecasted to be complete by second quarter 2027.

Globex is pleased by the rapid progress reported by Cartier on Globex's royalty claim testing of the NCZ. Globex is eager to see the continued results along the NCZ along strike and to depth as the program continues.

This press release was written by David Christie, PGeo, president and chief operating officer, in his capacity as a qualified person under National Instrument 43-101.

We seek Safe Harbor.