GLOBEX MINING ENTERPRISES INC. (TSX:GMX) (FRA:G1MN)  (OTCQX:GLBXF) is pleased to provide shareholders with the assay results from the first two drill holes of our six-hole initial drill program in the area of the East O’Neil gold occurrence on the 100% owned Rouyn-Merger property, located east of Rouyn-Noranda Quebec, adjoining the gold localizing Cadillac Fault.

Hole Number RM-25-01 was drilled at an azimuth of 122^o with a dip of 46^o.

The first hole intersected 3.44 g/t Au over a 38.7 m (126.9 ft) core length of gold mineralization from 54.3 m to 93.0 m. (estimated horizontal width 32.6 m). The highest-grade mineralized intersections within the 38.7 m intersection are as follows:

Hole Number RM-25-02 was drilled from the same setup at an azimuth of 122^o but with a dip of 65^o.

The second hole intersected 3.47 g/t Au over 26.4 m (86.6 ft) from 75.3 m to 101.7 m (estimated horizontal width 17.1 m) within 37.4 m (122.7 ft) grading 2.58 g/t Au from 75.3 m to 112.7 m (estimated horizontal width 24.0 m). The highest-grade mineralized intersections within the 26.4 m intersection are as follows:

The vertical midpoint distance between the intersections in Hole RM-25-01 and RM-25-02 is 33 m.

Assaying was done by MSALABS located at 1020 Rue Léo-Fournier, Val-d’Or, QC, J9P 6X8

The reported assays are from the first two holes of the six-hole, 1095 m drill program completed on the Rouyn-Merger property. We are awaiting assay results from the additional four holes which we expect to receive prior to the Holidays. Once the Rouyn-Merger drill program was completed the drill was moved to Globex’s Lyndhurst Copper property north of Rouyn-Noranda to drill test a deep Titan 25 electromagnetic anomaly. Drilling is underway on the first Lyndhurst hole.

This press release was written by Jack Stoch, P. Geo., Executive Chairman and CEO of Globex in his capacity as a Qualified Person (Q.P.) under NI 43-101 and Pierre Riopel, P. Geo., Globex Chief Geologist in his capacity as a Qualified Person (Q.P.) under NI 43-101.