Mr. David Christie reports

GLOBEX OPTIONS CARP FLUORSPAR PROPERTY IN NEVADA TO EVION GROUP NL OF AUSTRALIA

Globex Nevada Inc., a wholly owned subsidiary of Globex Mining Enterprises Inc., has entered an option agreement with Evion Group NL on Globex's Carp fluorspar property in Nevada (see Globex news release from May 15, 2025, for information on the Carp property). Evion has the option to pay $1,645,000 (U.S.) in cash payments, issue $2.0-million (U.S.) in Evion shares and complete $3.75-million (U.S.) in work expenditures on the Carp property over four years to earn a 100-per-cent interest in the property. At the time of Evion completing its earn-in, Globex will retain a 3-per-cent GMR (gross metal return) royalty (with no buydown) on the property, including a 10-mile area of influence upon which the royalty will apply.

The deal terms for Evion to earn 100 per cent of the Carp property are summarized below:

• On agreement execution of April 7, 2026, Evion paid Globex $35,000 (U.S.), non-refundable, to allow for a 30-day period to seek Australian Securities Exchange approval. With ASX approval now in hand, Evion must pay $150,000 (U.S.) cash, issue $250,000 (U.S.) in Evion shares and complete work expenditures on the property of $500,000 (U.S.) before the first anniversary.
• On April 7, 2027 (first anniversary), Evion must pay $260,000 (U.S.) in cash, issue $450,000 (U.S.) in Evion shares and complete work expenditures on the property of $500,000 by the second anniversary.
• On April 7, 2028 (second anniversary), Evion must pay $450,000 (U.S.) in cash, issue $500,000 (U.S.) in Evion shares and complete work expenditures on the property of $1-million (U.S.) by the third anniversary.
• On April 7, 2029 (third anniversary), Evion must pay $750,000 (U.S.) in cash, issue $800,000 (U.S.) in Evion shares and complete work expenditures on the property of $1.75-million (U.S.) by the fourth anniversary on April 7, 2030.

Carp property highlights

The Carp property consists of a contiguous claim block of 14 unpatented lode claims situated on the southern flank of the Clover Mountains in Lincoln county, southeastern Nevada, linearly 140 kilometres northeast of Las Vegas. Each claim covers an area of 8.36 hectares, totalling a surface area of 117.06 hectares. All are located on Bureau of Land Management (BLM) land outside of any conservation areas.

Fluorite was discovered on the property in 1957. Production of fluorspar from four small open pits was initiated in early 1958. Total estimated production up to 1971 was 44,900 tons grading 69 per cent CaF2. Previous work on the property consists of access roads, drill pads, bulldozer cuts, mapping, gravity and magnetic surveys and 62 vertical drill holes totalling 2,182 metres. Eight of the holes intersected near surface (at less than 10 metres) fluorite manto-style mineralization with grades ranging from 10 per cent to 54.8 per cent CaF2.

Globex undertook a mapping program in 2024 following up on the idea that the mineralization may be controlled by northwest-southeast-trending regional structures and by a crosscutting short, north-south fault zone. Fluorite mineralization appears mostly as replacement of carbonate rock, but also as discordant steeply dipping veins/bodies along faults or attached to felsic dikes.

Globex's geological mapping team collected 25 samples from the Carp property and one about one kilometre northwest of the claim block. Fourteen samples returned very high fluorite grades ranging from 49.83 per cent to 88.15 per cent CaF2, three grading between 22.81 per cent and 32.67 per cent CaF2. Anomalous gold was also found in several samples and a sample of float containing barite-silver-lead-zinc probably coming from a subvertical mineralized carbonate replacement pipe-shaped body assayed 151.5 parts per million silver (Ag), 0.28 per cent copper (Cu), 2.79 per cent lead (Pb) and 8.64 per cent zinc (Zn).

This news release was written by David Christie, PGeo, president and chief operating officer of Globex, in his capacity as a qualified person (QP) under National Instrument 43-101, and is based in large part upon information provided and developed by Matthias Jurgeit, Globex's on-site exploration geologist, a qualified eurogeologist.

We seek Safe Harbor.