Mr. David Christie reports

EAST NORDEAU ZONE ON GLOBEX ROYALTY CLAIMS RETURNS HIGH-GRADE GOLD DRILL RESULTS

Globex Mining Enterprises Inc. has updated shareholders on exploration drilling by Cartier Resources Inc. on Globex's Nordeau royalty claims in Vauquelin township (32C03), 45 kilometres (km) southeast of Val d'Or, Que. Globex holds a 3-per-cent gross metal royalty on the Nordeau claims, including the area where Cartier has identified a new gold zone called the East Nordeau zone on Cartier's Cadillac property. Late last year, Cartier embarked on an aggressive 600-drill-hole, 100,000-metre drill program on its Cadillac property.

Cartier has announced additional drill intersections on the East Nordeau gold zone (ENZ) intersecting significant high-grade gold mineralization near surface. The ENZ comprises two parallel high-grade gold zones, EN1 and EN2, separated by approximately 25 metres. The mineralization was confirmed over a 400-metre strike length and remains open to depth. According to Cartier the new mineralization environment with iron formations may indicate a strong opportunity to make further gold discoveries, increasing the scale of the target area in the Nordeau sector. The ENZ zone is located 800 metres south of the Contact sector and the high-grade North Contact zone.

The highlight results from the Cartier Resources news release are as follows:

• In the ENZ:
  • CA25-565 intersected 23.2 grams per tonne (g/t) gold (Au) over 1.0 metre in the EN1 zone.
  • CA25-570 intersected 11.9 g/t Au over 1.0 metre in the EN1 zone and 14.1 g/t Au over 1.0 metre in the EN2 zone.
  • CA25-572 intersected 7.3 g/t Au over 1.0 metre in the EN1 zone.

Note: Based on the observed intercept angles within the drill core, true thicknesses are estimated to represent approximately 70 to 95 per cent of the reported core length intervals.

Importantly holes CA25-565, 570 and 572 confirm the newly recognized ENZ high-grade gold zone near surface. Cartier plans further drilling to refine the geological model and verify the mineralization continuity. Exploration drilling is planned to test several new high-priority regional targets along the strike of the Nordeau sector and the Cadillac fault zone.

The success displayed by Cartier on the Globex's royalty claims is impressive. Globex looks forward to seeing additional drill results along the North Contact zone and the East Nordeau zone as the drill program continues.

This news release was written by David Christie, PGeo, president and chief operating officer in his capacity as a qualified person (QP) under National Instrument 43-101.

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