Mr. Jack Stoch reports

HIGH GRADE NI/PGE ADJOINING GLOBEX'S TYRONE PROPERTY

Globex Mining Enterprises Inc. has informed shareholders that Azimut Exploration Inc. has released additional positive assays from the Perseus nickel zone discovered in 2024, adjoining to the southeast of Globex's Tyrone property located in the Eeyou Istchee (James Bay) region of Quebec.

The previously reported drill results on the Perseus discovery includes the following as reported by Azimut:

• 2.98 per cent Ni (nickel), 0.32 per cent Cu (copper), 2.25 g/t (grams per tonne) PGE (platinum group elements) over 8.0 m (metres), including 3.74 per cent Ni, 0.41 per cent Cu, 2.82 g/t PGE over 6.0 m (channel);
• 1.10 per cent Ni, 0.15 per cent Cu, 1.02 g/t PGE over 9.0 m, including 1.42 per cent Ni, 0.19 per cent Cu, 1.36 g/t PGE over 6.0 m (channel);
• 1.64 per cent Ni, 0.11 per cent Cu, 1.12 g/t PGE over 8.5 m including 3.55 per cent Ni, 0.19 per cent Cu, 2.19 g/t PGE over 2.5 m; and 0.90 per cent Ni, 0.32 g/t PGE over 9.05 m (hole KUK24-001);
• 8.42 per cent Ni, 0.55 per cent Cu, 7.25 g/t PGE over 1.9 m (hole KUK24-002);
• 0.81 per cent Ni, 0.52 g/t PGE over 24.2 m, including 1.63 per cent Ni, 0.14 per cent Cu, 1.61 g/t PGE over 1.25 m; and 3.46 per cent Ni, 0.21 per cent Cu, 2.44 g/t PGE over 0.75 m (hole KUK24-003);
• 6.06 per cent Ni, 0.38 per cent Cu, 3.34 g/t PGE over 2.6 m including 19.6 per cent Ni, 0.81 per cent Cu, 9.43 g/t PGE over 0.75 m; and 3.18 per cent Ni, 0.15 per cent Cu, 1.17 g/t PGE over 1.7 m (Hole KUK24-007).

In a press release dated May 29, 2025, Azimut announced the assay results of "Thirty selected high-grade nickel samples from the Perseus Nickel zone, all with grades higher than 3.0 per cent Ni ranging from 3.46 per cent to 19.60 per cent Ni, were analyzed for the complete suite of PGE (platinum group elements), including platinum (Pt), palladium (Pd), and the rarest PGEs, rhodium (Rh), iridium (lr), ruthenium (Ru) and osmium (Os). These nickel samples are commonly associated with high palladium grades ranging from 1.16 g/t Pd to 12.15 g/t Pd, and high platinum grades up to 3.65 g/t Pt.

"These samples also returned significant grades for the rarest PGEs, with up to 1.16 g/t Rh, 0.43 g/t Ir, 2.75 g/t Ru and 0.45 g/t Os, adding significant potential value to the Perseus zone. For indicative purposes only, the current market prices for some of the PGEs are: rhodium: $5,325 (U.S.)/oz; iridium: $4,150 (U.S.)/oz, platinum: $1,088 (U.S.)/oz, palladium: $998 (U.S.)/oz and ruthenium: $615 (U.S.)/oz (prices as of May 27, 2025; source Johnson Matthey).

Gold and tellurium contents are also anomalous, with grades up to 1.13 g/t Au and 32.1 g/t Te (tellurium), respectively.

The additional assay data indicates greater economic potential than previously thought. The high-grade mineralization intersected in previously reported drill holes and the new high-grade nickel and platinum group elements (PGE) mineralized system associated with komatiitic volcanics bears similarities to Archean Kambalda-type komatiitic nickel deposits as found in the Kambalda district of Western Australia. The high-grade mineralization is associated with a magnetic anomaly which can be followed onto Globex's Tyrone property into an area not previously extensively explored. This is highly prospective as Azimut reports that the zone "remains open in all directions." Other parts of the Tyrone property show numerous high-grade copper, gold and silver occurrences in trenches and grab samples of up to 47.2 g/t Au, 71 g/t Ag and 7.4 per cent Cu.

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.

We seek Safe Harbor.