Mr. Jack Stoch reports

GLOBEX OPTIONS BALD HILL ANTIMONY PROPERTY

Globex Mining Enterprises Inc. has optioned its Bald Hill antimony property, located in Queens county in New Brunswick, to Big Red Mining Corp. Under terms of the option agreement, Globex shall receive $2-million in cash and 1.1 million shares over a four-year period and a minimum aggregate of $5-million will be spent on the property. Globex will retain a 3.5-per-cent gross metal royalty, 1.0 per cent of which may be purchased for $1-million, subject to inflation in tranches.

The property consisting of 26 claims, covers a number of antimony occurrences, including previous trenching by Rockport Mining Corp., which returned up to 43 per cent Sb (antimony) over 2.0 m and 2.90 per cent Sb over 8.18 metres (m). Shallow drilling by widely spaced holes is reported to have extended the zone over a 450-metre strike length and to a depth of 300 metres.

A National Instrument 43-101 technical report in 2010 by Conestoga-Rovers and Associates, of Fredericton, N.B., for Rockport Mining Corp., written by Heather MacDonald, MSc, PGeo reported, "Based upon 16 widely spaced drill holes totalling 3,554 metres and 609 assays, an antimony zone of 450 metres in length was outlined including intersections of up to 11.7 per cnet Sb over 4.51 metres core length."

The report further states: "The potential tonnage and grade of a potential mineral deposit at the Bald Hill property, which is the target of further exploration, is expressed as ranges in the table 6 below. The potential quantity and grade is conceptual in nature as there has been insufficient exploration to define a mineral resource and it is uncertain if further exploration will result in the target being delineated as a mineral resource."

A subsequent NI 43-101 report, titled, "National Instrument 43-101 Technical Report: Bald Hill Antimony Project (claim group 5061), Southern New Brunswick, Canada, NTS Map Sheet 21G/09 and 21H/12," prepared for Tri-Star Antimony Canada Inc. by Peter Banks, BSc, PGeo, and John Langton, MSc, PGeo, of MRB & Associates, Oct. 28, 2014, dealt with addition exploration work and conclusions derived from the work up to that date as reported in brief under interpretations and conclusions, and reproduced in this news release.

"Rockport's drilling on the Bald Hill main grid has confirmed the Sb mineralization over a significant area of approximately 700 metres on surface and to 300 metres depth. Surface mineralization and soil geochemical anomalies indicate that the mineralization extends for at least 1.5 kilometres, along strike from the delineated mineralized zones. The 2014 trenching program, centred approximately 1.0 kilometres along strike to the southeast from the main Bald Hill occurrences, exposed new antimony mineralization grading 9.04 per cent Sb over 2.60 metres."

Globex regards the property as highly prospective. The recent termination of antimony exports by China, the world's largest exporter, bodes well for the price going forward.

"In addition to the on-site exploration programs, preliminary processing and metallurgical test work of Bald Hill lithological drill core and bulk samples was carried out. This work comprised bulk mineralogy, basic chemical profiling, textural features of the ore minerals, and preliminary analysis of liberation characteristics and amenability of the ore to gravity concentration and/or flotation, preliminary ore characterization, mineralogical and chemical profiling, and optical ore examinations.

"The work completed by Rockport on the Bald Hill project substantiates the occurrence of a potential resource of economically interesting antimony mineralization. The project is a valid exploration target that remains largely untested with respect to its full dimensions and its regional structural relationships."

In 2021, Globex undertook a small drill program, which returned the following results:

• Hole BH21-25: 1.34 per cent Sb over 3.6 m, starting at 310.5 m;
• Hole BH21-27: 2.67 per cent Sb over 2.7 m, starting at 112.2 m and 1.73 per cent Sb over 3.3 m, starting at 124.7 m;
• Hole BH21-28: 4.71 per cent Sb over 10.2 m, starting at 109.5 m.

Globex regards this property as highly prospective and the recent termination of antimony exports by China, the largest exporter, bodes well for the price going forward.

This news release was written by Jack Stoch, PGeo, president and chief executive officer of Globex, in his capacity as a qualified person (QP) under NI 43-101.

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