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GMX.T ·

Globex Engages Canaccord Genuity as Financial Advisor

Corporate Updates

PRESS RELEASE

Globex Mining Enterprises Inc.

“At Home in North America”

54,398,852 shares issued and outstanding

December 2, 2019

Globex Engages Canaccord Genuity as Financial Advisor

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 in the US) is pleased to announce that the Company has commenced a process to

explore and develop additional transactions with a view to enhancing shareholder value. Globex has retained

Canaccord Genuity Corp. (“Canaccord Genuity”) as the Company’s financial advisor to assist in this

undertaking.

Canaccord Genuity is a leading independent global investment ba nk and has significant experience and

exposure to the mining and exploration sectors.

This process has not been initiated as a result of receiving any offer and there are no assurances that any

additional transactions will be undertaken. Rather, it is bei ng undertaken with an eye to creating greater

shareholder value by maximizing the potential of Globex's numerous assets.

This press release was written by Jack Stoch, President and CEO of Globex.

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

[email protected]

www.globexmining.com