Globex Mining Enterprises Inc. “At Home in North America” 50,207,424 shares issued and outstanding
PRESS RELEASE
Globex Mining Enterprises Inc.
“At Home in North America”
50,207,424 shares issued and outstanding
October 19, 2017
Globex Banking Payments
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 it has received or had confirmation that it will collect the following payments:
Donalda Property Sale
On October 6, 2017, $300,000.00, 350,000 Falco shares (currently $1.14/share) and 350,000 five year Falco warrants
at a strike price of $1.15 were paid to Globex by Falco Resources Inc. (FPC‐TSXV). In addition, the Dickenson Property
which adjoins onto the east side of Globex’s Francoeur/Arntfield gold property was transferred to Globex. These
claims will add at least 1.5 km of the gold localized Francoeur/Wasa fault to Globex’s current approximately +7 km
long holding. Globex is presently working on the Arntfield portion of the Francoeur/Arntfield property in an area
near and to the southwest of the Arntfield #1 shaft where stripping and channel sampling have returned significant
gold values from a new mineralized area. (See Globex Press Release dated September 25, 2017). A 10 hole drill
program will start next week to test the new discovery horizon over a 340 m (1,115 ft) strike length.
Nordeau East and West
Chalice Gold Mines Ltd, (CXN‐TSX) has informed Globex that on or around October 26th, Chalice will be making the
second option payment of $170,000 of the Nordeau East and West option, properties of which are located 40 km east
of Val d’Or, Quebec. Chalice is completing a large program of soil sampling, geophysics and follow‐up drilling.
Montalembert High Grade Gold Project
Globex will receive a second option payment from Enforcer Gold Corp. (VEIN‐TSXV) by November 16th to renew their
option on Globex’s Montalembert gold project. The payment will be made up of $300,000 and 2,000,000 Enforcer
shares (currently $0.10/share). Enforcer is currently completing a $2.2 million exploration program of stripping,
channel sampling, mapping, prospecting, geophysics and drilling.
Mid Tennessee Mines
The September monthly royalty payment from zinc production at the Mid Tennessee Mines has been calculated. The
payment will be US$ 93,954 (CDN$ 115,403). Monthly payments since the start of production in May now totals
CDN$ 551,393. The mine and mill are currently ramping up to full production and zinc prices have been steadily rising
so royalty payments are expected to rise.
This press release was written by Jack Stoch, 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 SEDAR at www.sedar.com