Mr. Jack Stoch reports

GLOBEX CURRENT CASH AND SHARE POSITION

Globex Mining Enterprises Inc. has noted Emperor Metals Inc. has renewed the Duquesne West option by paying Duparquet Assets Ltd. (50 per cent owned by Globex) $1-million and 3,263,133 Emperor shares (currently 19 cents per share). Emperor is now in the third year of a five-year option to acquire the property subject to cash and share payments and exploration expenditures. Should Emperor acquire the property, Duparquet Assets will retain a 3-per-cent gross metal royalty. Globex announced the option of the Duquesne West property to Emperor on Oct. 12, 2022 (see the Oct. 12, 2022, press release).

The Duquesne West property is located in Duparquet township, approximately 32 kilometres northwest of Rouyn-Noranda, Que. On July 9, 2025, Emperor announced an initial inferred open-pit and underground mineral resource estimate of 26.9 million tonnes containing 1.46 million ounces at an average grade of 1.69 grams per tonne gold (see Emperor's press release dated July 9, 2025). Emperor is currently in the midst of a 10,000- to 15,000-metre drill program.

In other news, Antimony Resources Inc. paid Globex $125,000 in cash and issued 250,000 shares (currently 64 cents per share) to renew the Bald Hill antimony option in New Brunswick on which it is currently undertaking additional drilling on the high-grade antimony zone to outline a maiden resource (see the Antimony Resources update press release dated Jan. 14, 2026).

Globex holds a significant cash and share position of approximately $40-million, including 100,316 shares of Pan American Silver Corp. (currently $79.04 per share), 22,000 shares of Agnico Eagle Mines Ltd. (currently $284.11 per share) and 18,000 shares of Alamos Gold Inc. (currently $55.55 per share). The company has no debt and owns over 260 mineral assets, including over 100 royalties, as well as real estate, all in Tier 1 jurisdictions.

There are currently only 56,347,436 Globex shares outstanding. There has never been a rollback of shares since the listing in 1987.