GLOBEX MINING ENTERPRISES INC. (TSX:GMX) (FRA:G1MN)  (OTCQX:GLBXF) is pleased to share an unexpected and promising development regarding our Guigues Silica property, located near St-Bruno-de-Guigues, Quebec.

Originally acquired for its potential silica production capabilities, the Guigues property was intended to support our diverse portfolio of advanced silica projects. However, recent hydrogen exploration activities by Quebec Innovative Materials Corp. (QIMC-CSE, 7FJ-FSE) and the Institut National de la Recherche Scientifique (INRS) in the surrounding area have revealed significant hydrogen concentrations. Their latest announcement, dated September 4, 2024, highlights the discovery of hydrogen at levels exceeding 1,000 ppm—well above the instrumental detection limit. See map below.

Guigues Property Map

As this development is new and evolving, shareholders are encouraged to review the latest QIMC press release for detailed insights. With our property situated centrally within this burgeoning hydrogen exploration district, Globex is well-positioned to benefit from these exciting advancements. We will continue to monitor this situation closely and update our stakeholders as new information becomes available.

This announcement was prepared by Jack Stoch, P.Geo., President and CEO of Globex, who is a Qualified Person (Q.P.) under NI 43-101.