Mr. Jack Stoch reports

GLOBEX OPTIONS DEVILS PIKE (GOLDEN PIKE) NEW BRUNSWICK GOLD/ANTIMONY PROPERTY

Globex Mining Enterprises Inc. has signed an option agreement on its Golden Pike (Devils Pike) gold property in New Brunswick with Australian company Bryah Resources Ltd. The Golden Pike has a historical National Instrument 43-101 capped inferred resource of 214,800 tonnes at 9.6 grams per tonne Au (gold) containing 66,300 ounces gold.

Under the agreement, which is a four-year option, Bryah may pay Globex as follows to earn a 100-per-cent interest in the property. Failure to complete all payment terms results in earning no property interest.

• $20,000 for two-month due diligence period (received);
• Year 1, $80,000 and $200,000 in Bryah shares and undertake $500,000 (FIRM) in expenditures;
• Year 2, $100,000 and $200,000 in Bryah shares and undertake $500,000 in expenditures;
• Year 3, $200,000 and $200,000 in Bryah shares and undertake $1-million in expenditures;
• Year 4, $300,000 and $500,000 in Bryah shares and undertake $1-million in expenditures.

Total: $700,000 cash, $1.1-million in Bryah shares and $3-million in property expenditures.

Should Bryah achieve production, Globex will retain a 2-per-cent gross metal royalty (GMR) on the first 20,000 ounces Au produced and a 3-per-cent gross metal royalty on all subsequent production. Bryah shall have the right to purchase 1 per cent of the 3-per-cent GMR only prior to reaching 20,000 oz of gold recovery. In addition, at the sixth anniversary, Globex shall begin to receive an annual $60,000 advance royalty payment adjusted for inflation and recoverable by Bryah from first production of gold and other metals or minerals from the property. The property has a pre-existing royalty that may be due to a third party for which Globex will remain responsible.

In addition to the property's gold potential, several occurrences of antimony are recorded with grab samples on surface of up to 53 per cent Sb (antimony). (Note: Grab samples are selective in nature and do not represent an average grade.) Extensive geological, geochemical, geophysical surveys have been undertaken on the property in addition to exploration drilling and definition drilling on the Golden (Devil's) Pike gold zone.

True widths -- extract from National Instrument 43-101

The mineralizing system trends northerly, dips steeply to the west and has a true width varying from one metre to five metres. Wider mineralized intervals may be a result of en echelon veining or splaying of veins. The veining is structurally controlled along a brittle fracture and is oblique to the regional northeast structural trend. The veining consists mainly of quartz and carbonate with or without sulphides. Many of the veins appear to be composite, consisting of more than one generation of quartz and/or carbonate. Individual intersections range as high as 26.47 grams per tonne Au across 4.10 m in hole FR-95-09 to 8.08 g/t Au across 7.72 m in hole DP-08-15.

Competent persons statement -- exploration results

The information in this announcement that relates to exploration results is based on the information obtained from the National Instrument 43-101, public and supplied data (from Globex) which has been reviewed by Ashley Jones, who is a member of the Australasian Institute of Mining and Metallurgy (AusIMM) and is a director of Bryah Resources. Mr. Jones has sufficient experience which is relevant to the style of mineralization and type of deposit under consideration and to the activity which he is undertaking to qualify as a competent person as defined in the 2012 edition of the Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves. Mr. Jones consents to the inclusion in this announcement of the matters based on his information in the form and context in which it appears. Where the company refers to exploration results in this announcement (referencing previous releases made to the ASX), the company is not aware of any new information or data that materially affects the information included in the relevant market announcements.

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

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