Gold Resource Increase on Globex’s Parbec Royalty Property
PRESS RELEASE
Globex Mining Enterprises Inc.
“At Home in North America”
56,095,836 shares issued and outstanding
May 26, 2025
Gold Resource Increase on Globex’s Parbec Royalty Property
Rouyn-Noranda, Quebec, Canada. GLOBEX MINING ENTERPRISES INC. (GMX – Toronto Stock Exchange, G1MN –
Frankfurt, Stuttgart, Berlin, Munich, Tradegate, Lang & Schwarz, LS Exchange, TTM zero, Düsseldorf and Quotrix
Düsseldorf Stock Exch anges and GLBXF – OTCQX International in the US) is ple ased to inform shareholders that
Renforth Resources Inc. (RFR -CSE, RFHRF-OTC, 9RR-FSE) has published a new NI 43-101 Resource Estimate Technical
Report as regards the Parbec Property in Malartic Township, Quebec. Globex retains a 3% Gross Metal Royalty on all
mineral production from the property which is located 5 kilometres west of the large open pit Agnico Eagle Malartic
Gold Mine along the gold localizing Cadillac Break.
Renforth announced a 29% increase in t he resource estimate with 73% of the new mineral resource now in the
Measured and Indicated categories.
The resource data summary by SGS Canada Inc. is reproduced below.
April 2025 Parbec Gold Deposit MRE
(1) Mineral Resources are reported at a cut-off grade of 0.27 g/t Au for the open-pit mining scenario and 1.40 g/t Au
for the underground mining scenario
(2) The cut-off grades were determined at a gold price of 2,100 US$ per ounce.
(3) The mineral resources were estimated in compliance with Canadian Institute of Mining, Metallurgy and Petroleum
standards. These mineral resources were reported in accordance with the NI 43-101 standards.
(4) Mineral resources do not constitute mineral reserves because they have not demonstrated economic viability.
(5) Inferred resources are exclusive of measured and indicated resources.
(6) The effective date of these mineral resources is April 4, 2025.
(7) Assumptions used are a mining recovery of 95%, a mining dilution of 5%, processing recovery of 95%, processing
cost of 12.75 US$/t, general and administration of 1.50 US$/t, open-pit mining cost of 2.5 US$/t for ore, 2 US$/t for
waste and underground mining cost of 66 US$/t.
(8) All resources are presented in-situ and undiluted.
(9) All $ values are in US$ unless specifically noted.
(10) All figures are rounded to reflect the relative accuracy of the estimate. Numbers may not add due to rounding.
2
173 NQ drill holes totalling 46,144 metres and 28,404 assayed samples totalling 31,483 metres were incorporated into
the new resource calculation, undertaken by Yann Camus, P.Eng. at SGS Canada Inc. and a qualified person as defined
by National Instrument 43-101, in a NI 43-101 report titled Technical Report on the Mineral Resource Estimate Updated
for the Parbec Gold Depos it, Abitibi-Temiscamingue Region, Qu ébec, Canada, May 22, 2025 . The NI-43-101 may be
accessed on Sedar or on Globex’s web site. The Renforth press release may be accessed by clicking through here.
Globex is pleased with the progress by Renforth in upgrading the resource both in number of gold ounces and in the
upgrading of the quality much of the resource into the Measured and Indicated categories.
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
LEI 529900XYUKGG3LF9PY95
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
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 factors 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 SEDARplus.ca