Mr. Jack Stoch reports

22% OF O'BRIEN MINE INITIAL PRODUCTION IS CREDITED TO GLOBEX'S KEWAGAMA GOLD MINE ROYALTY CLAIMS IN ROBUST PEA

Globex Mining Enterprises Inc. royalty partner Radisson Mining Resources Inc. has released a July 9, 2025, press release showing a positive preliminary economic assessment (the PEA) for the O'Brien gold project located in the Abitibi region of Quebec, near the town of Cadillac. Of particular interest to Globex shareholders is the following information, "A 2-per-cent net smelter royalty (NSR) is applied on gold production on certain claims on the eastern most portion of the property in favour of Globex Mining Enterprises Inc., covering 22 per cent of the scheduled gold production." This is a reference to Globex's 2-per-cent NSR on the Kewagama gold mine property.

The production profile is an 11-year mine life with 740,000 ounces mined and 647,000 oz recovered at 87-per-cent average recovery with a gravity-flotation-regrind-leach flowsheet and a 70,000 oz/annum average steady-state gold production (years two to eight) at an average annual after-tax free cash flow (FCF) of $97-million. It is noteworthy that the PEA used a resource estimate from 2023 and considerable drilling with positive results was completed by Radisson since the 2023 resource update (note: Koz equals thousand ounces).

Shareholders are advised to access the Radisson press release which provides detailed technical data.

Globex is pleased by the rapid project advancement by Radisson, especially as it affects potential revenue from Globex's Kewagama royalty. The mineralized gold zones on the Kewagama royalty claims are open to depth and down plunge and as well eastward from the current Kewagama resource to the 100-per-cent-Globex-owned Central Cadillac cold and Wood gold mines and Ironwood gold deposit which has as reported by Globex on June 10, 2025, an indicated resource of 243,800 t grading 14.38 g/t Au and inferred resource of 37,100 t grading 7.22 g/t Au.

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

We seek Safe Harbor.