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GMX.T ·

Montalembert Gold Project Progressing Rapidly

Corporate Updates

PRESS RELEASE

Globex Mining Enterprises Inc.

“At Home in North America”

50,172,424 shares issued and outstanding

August 15, 2017

Montalembert Gold Project Progressing Rapidly

Rouyn-Noranda, Québec, Canada. GLOBEX MINING ENTERPRISES INC. (GMX – Toronto Stock Exchange, G1MN –

Frankfurt, Stuttgart, Berlin, Munich, Tradegate, Lang & Schwarz Stock Exchanges and GLBXF – OTCQX International)

is pleased to inform shareholders that Enforcer Gold Corp. (VEIN-TSXV, N071-FSE) has reported visible gold in core

(DDH MDD 17006) and outcrop (see Enforcer press release dated July 26) in current work undertaken on the

Montalembert property, under option from Globex. Some 260 rock samples collected from mapping in an area 1.5

km x 1.5 km have been sent for assay along with 490 m of channel samples from trench exposures including the No. 3

Vein located approximately 175 m south and along strike of the No. 2 Vein.

Twenty large diameter HQ drill holes totaling some 2,227 m have been completed as well as 45 km of an induced

polarization survey. Eighteen of the drill holes are in for assay. Geological team are currently focusing upon following

up on ground truthing anomalies indicated by the IP survey and a previous VLF-EM airborne survey.

Globex is pleased by the scope of the work and the dedica tion to the development of the project demonstrated by

Enforcer who has earmarked $2.2 million to exploration on the claims at Montalembert for this year.

For additional details, please see the Enforcer press release of August 1 5, 2017 and visit their we bsite

www.enforcergold.com to see photographs of visible gold in channel samples and drill core . For terms of the option

agreement between Globex and Enforcer (formerly Natan Resources) please see Globex’s press release dated

November 17, 2016.

This press release was written by Jack Stoch, P. Geo., President and CEO of Globex in his capacity as a Qualified

Person (Q.P.) under NI 43-101.

We Seek Safe Harbour. Foreign Private Issuer 12g3 – 2(b)

CUSIP Number 379900 50 9

For further information, contact:

Jack Stoch, P.Geo., Acc.Dir.

President & CEO

Globex Mining Enterprises Inc.

86, 14th Street

Rouyn-Noranda, Quebec Canada J9X 2J1

Tel.: 819.797.5242

Fax: 819.797.1470

[email protected]

www.globexmining.com

Forward Looking Statements : Except for historical information, this news release may contain certain “forward looking statements”. These statements may

involve a number of known and unknown risks and uncertainties and other factor s that may cause the actual results, level of activity and performance to be

materially different from the expectations and projections of Globex Mining Enterprises Inc. (“Globex”). No assurance can be given that any events anticipated by

the forward-looking information will transpire or occur, or if any of them do so, what benefits Globex will derive therefrom. A more detailed discussion of the

risks is available in the “Annual Information Form” filed by Globex on SEDAR at www.sedar.com