Mr. Jack Stoch reports

GLOBEX RECEIVES FAYOLLE QUARTERLY ROYALTY PAYMENT

Globex Mining Enterprises Inc. is providing an update to shareholders with regard to revenue from the Fayolle gold/silver deposit currently being mined by Iamgold in Clericy township, Quebec. The deposit is being mined by the open-pit method with the ore being transported to Iamgold's Westwood mill.

Globex has just received the quarterly royalty payment for the October to December, 2023, period. An amount of $238,794.89 was directly deposited into Globex's bank account. This is the largest payment to date as the mining and processing of Fayolle's gold/silver ore has ramped up. Globex retains a 2-per-cent net smelter royalty on all mineral production from the Fayolle property.

We seek Safe Harbor.