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
PRESS RELEASE Globex Mining Enterprises Inc.
“At Home in North America”
41,243,755 shares issued and outstanding February 10, 2015
Globex Receives Integra Option Payment
Rouyn-Noranda, Quebec, 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 received the final $100,000 cash and 100,000 share payments from Integra Gold Corp. in payment for 100% interest in Globex’s Farquharson (Donald) Property in Bourlamaque Township, Quebec. Globex retains a 3% Gross Metal Royalty on production from the property.
The property directly adjoins the Triangle and No. 4 Plug Gold zones currently being explored by Integra as part of a 50,000 metre drill program of which one half is planned in the area of the two gold zones, (Triangle 20,000m, No. 4 Plug 4,000m) with among the specific targets, the area east of the Triangle Zone.
The Triangle Gold Zone has a NI 43-101 Indicated Resource of 412,200 tonnes grading 12.6 g/t Au for 167,200 oz Au and an Inferred Resource of 258,000 tonnes grading 15.4 g/t Au for 128,000 oz Au. The No. 4 Plug Zone has a NI 43-101 Indicated Resource of 522,900 tonnes grading 8.3 g/t Au for a total of 140,280 oz Au. (Source: Preliminary Economic Assessment by InnovExplo Inc. as reported in Integra summary press release dated January 13, 2015).
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 Tel.: 819.797.5242 Globex Mining Enterprises Inc. Fax: 819.797.1470 86, 14th Street [email protected] Rouyn-Noranda, Quebec Canada J9X 2J1 www.globexmining.com