Mr. Jack Stoch reports

GLOBEX REPORTS FIRST DRILL RESULTS FROM ROUYN-MERGER

Globex Mining Enterprises Inc. has provided shareholders with the assay results from the first two drill holes of its six-hole initial drill program in the area of the East O'Neil gold occurrence on the 100-per-cent-owned Rouyn-Merger property, located east of Rouyn-Noranda, Que., adjoining the gold localizing Cadillac fault.

Hole No. RM-25-01 was drilled at an azimuth of 122 degrees with a dip of 46 degrees.

The first hole intersected 3.44 grams per tonne gold over a 38.7-metre (126.9-foot) core length of gold mineralization from 54.3 m to 93.0 m (estimated horizontal width 32.6 m). The highest-grade mineralized intersections within the 38.7-metre intersection are as follows.

Hole No. RM-25-02 was drilled from the same set-up at an azimuth of 122 degrees but with a dip of 65 degrees.

The second hole intersected 3.47 g/t Au over 26.4 m (86.6 ft) from 75.3 m to 101.7 m (estimated horizontal width of 17.1 m) within 37.4 m (122.7 ft) grading 2.58 g/t Au from 75.3 m to 112.7 m (estimated horizontal width of 24.0 m). The highest-grade mineralized intersections within the 26.4 m intersection are as follows.

The vertical midpoint distance between the intersections in hole RM-25-01 and RM-25-02 is 33 m.

Assaying was done by MSALabs.

The reported assays are from the first two holes of the six-hole, 1,095-metre drill program completed on the Rouyn-Merger property. It is awaiting assay results from the additional four holes which it expects to receive prior to the holidays. Once the Rouyn-Merger drill program was completed, the drill was moved to Globex's Lyndhurst copper property north of Rouyn-Noranda to drill test a deep Titan 25 electromagnetic anomaly. Drilling is under way on the first Lyndhurst hole.

This press release was written by Jack Stoch, PGeo, executive chairman and chief executive officer of Globex in his capacity as a qualified person under National Instrument 43-101, and Pierre Riopel, PGeo, Globex chief geologist in his capacity as a qualified person under NI 43-101.

We seek Safe Harbor.