GLOBEX MINING ENTERPRISES INC. (TSX:GMX) (FRA:G1MN) (OTCQX:GLBXF)  is pleased to announce that it has entered into an option agreement wherein Victory Battery Metals Corp. (CSE:VR) (OTC Pink:VRCFF) (FRA:VR6) may earn 100% interest in four Globex claim groupings in the Sept Iles region of Quebec.

The claims cover the Kachiwiss Uranium deposit with a reported historical, non-Ni 43-101, possible resource of 16,598,000 tonnes grading 0.016% U₃O₈ within a pegmatic dyke oriented NW45^o. The zone, as currently defined, measures 975 metres long by 610 metres to 760 metres wide and is open. Metallurgical test work suggests recoveries of up to 92.9% can be achieved. (Source: Quebec Government files in Sigeom)

In addition to the Kachiwiss deposit, the option includes a large package of claims covering lake bottom sediment sample uranium anomalies farther to the north. In total, 156 mining claims make up the package with Globex retaining a 10-kilometre area of mutual interest surrounding the current claim blocks. Under the agreement, Globex will receive $400,000 in cash and 1,500,000 Victory shares over 3 years with Victory undertaking $3,000,000 of work on the claims over a 4-year period. Globex also retains a 3% Gross Metal Royalty on all metals, minerals, elements or compounds including but not limited to uranium, thorium or any other marketable product from the claims. Victory may, at anytime, purchase 1% GMR from Globex for a single cash payment of $1,000,000.

This press release was written by Jack Stoch, Geo., President and CEO of Globex in his capacity as a Qualified Person under NI 43-101.