Mr. Jack Stoch reports

GLOBEX STRENGTHENS ITS MANAGEMENT TEAM

Effective immediately, Jack Stoch has assumed the position of executive chairman and chief executive officer of Globex Mining Enterprises Inc. to facilitate the appointment of David Christie as president and chief operating officer. Mr. Christie has assumed the new executive positions at Globex to help carry Globex to the next level after having completed a seven-month contract as vice-president, corporate development, therein familiarizing himself with the many and varied aspects of the company.

Mr. Christie is a professional geoscientist (PGeo) with over 39 years of experience in the resource and resource finance sector. As president and chief executive officer of Orford Mining Corp., he took the company public in 2017, secured $34-million in equity financings and led it to a successful acquisition by Alamos Gold. He also served as president and CEO of Eagle Hill Exploration Corp., facilitating a five-way merger to create Osisko Mining. His extensive experience includes roles as vice-president at Goodman & Company Investment Counsel and Dundee Resources Inc., assisting in the management of its resource funds. He also held a successful 12-year tenure as a top-ranked senior gold and precious metal equity analyst with Scotia Capital and TD Securities. He spent 15 years as an exploration geologist principally working for the Agnico Eagle Mines Ltd. group of companies, and has served on the boards of eCobalt Solutions Inc., Osisko Mining Inc., Orford Mining Corp., True North Nickel and Condor Precious Metals. Currently, he sits on the boards of Lodestar Metals Corp. and Orbec Gold Mines Inc. Mr. Christie earned a BSc in geology from McMaster University and is a PGeo with NAPEG and PGO.

Mr. Stoch commented: "We are pleased to have added someone with David's varied geological, financial, investor relations and transactional expertise to Globex. I look forward to continuing to work with David to build greater value for Globex shareholders."

Mr. Christie commented: "I am very excited to be joining Globex, a company that has been built on solid transactions over many years and is now in a very strong position to continue that growth. I look forward to building on the success Globex has had since listing in 1987. Few companies in the junior resource sector have built such an impressive underlying value while not diluting the interests of shareholders."

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