CUSIP Number 379900 10 3
PRESS RELEASE Globex Mining Enterprises Inc.
“At Home in North America”
20,667,674 shares issued and outstanding November 29, 2010
Globex Closes Private Placement
Rouyn‐Noranda, Québec, Canada. GLOBEX MINING ENTERPRISES INC. (GMX – Toronto Stock Exchange, G1M – Frankfurt, Stuttgart, Berlin, Munich, Xetra Stock Exchanges and GLBXF – OTCQX International) is pleased to inform shareholders that it has completed a private placement by issuing 300,000 “flow‐ through” common shares at a price of $3.00 per share and 100,000 common shares at a price $2.50 per share to an investment fund of Toronto, Ontario, for gross proceeds to Globex of $1,150,000. No commission, warrants or broker’s warrants were paid or issued as part of the financing.
The proceeds from the private placement will be used for exploration on Globex’s projects in Québec and for general purposes.
Under applicable securities legislation and the policies of the Toronto Stock Exchange, all of the foregoing common shares are subject to a hold period expiring on March 27, 2011.
We Seek Safe Harbour. Foreign Private Issuer 12g3 – 2(b) CUSIP Number 379900 10 3
For further information, contact:
Jack Stoch, P.Geo., Acc.Dir.
President & CEO Tel.: 819.797.5242 Globex Mining Enterprises Inc. Fax: 819.797.1470 86, 14th Street [email protected] Rouyn‐Noranda, Québec Canada J9X 2J1 www.globexmining.com