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More Li2O Intersections on Globex’s Lac Escale (Mirage)

Corporate Updates

PRESS RELEASE

Globex Mining Enterprises Inc.

“At Home in North America”

55,256,836 shares issued and outstanding

May 10, 2024

More Li2O Intersections on Globex’s Lac Escale (Mirage)

Royalty Claims

Rouyn-Noranda, Qu ebec, Canada. GLOBEX MINING ENTERPRISES INC. (GMX – Toronto Stock Exchange,

G1MN – Frankfurt, Stuttgart, Berlin, Munich, Tradegate, Lang & Schwarz, LS Exchange, TTMzero, Düsseldorf

and Quotrix Düsseldorf Stock Exchanges and GLBXF – OTCQX International in the US) is pleased to inform

shareholders that Brunswick Exploration Inc. (BRW-TSXV, BRWXF-OTCQB) has reported additional significant

Li2O intersections on Globex’s Lac Escale (Mirage Project) royalty claims in the Eeyou Istchee – James Bay

Region of Quebec. Intersections of up to 1.55% Li 2O over 93.45 m and 1.05% Li 2O over 34.05 m were

encountered.

Central Zone of the Lac Escale (Mirage Project) Royalty Claims.

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Table 1: Highlights from 2024 Winter Drilling Program Reported in Brunswick Press Release.

Hole ID Zone Dyke From (m) To (m) Length (m) Li2O% Ta2O5 (ppm)

MR-24-43

North MR-8

9.85 28.45 18.6 1.27 81

and 83.95 86.7 2.75 0.99 101

MR-24-44B 14.4 31 16.6 0.95 81

MR-24-46 35.4 52 16.6 0.87 97

MR-24-48 43 61.5 18.5 0.80 93

MR-24-53 225 227.2 2.2 0.55 143

and 251 274 23 0.33 95

MR-24-54

North MR-8

66.55 71.35 4.8 1.10 198

MR-24-55 67.6 79.1 11.5 1.42 166

MR-24-56 49.05 59 9.95 0.32 44

MR-24-62

Central MR-6

6.35 99.8 93.45 1.55 160

MR-24-64 55.45 78.3 22.85 N/A 223

MR-24-65 44.4 78.45 34.05 1.05 125

Surface Map of the Lac Escale (Mirage Project) and Drill Holes Completed to Date

Click here to access Brunswick’s Press Release.

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QA/QC

As per Brunswick, all drill core samples were collected under the supervision of BRW employees and contractors. The

drill core was transported by helicopter and by truck from the drill platform to the core logging facility in Val-d’Or. Each

core was then logged, photographed, tagged, and split by diamond saw before being sampled. All pegmatite intervals

were sampled at approximately 1 -meter intervals to ensure representativity. Samples were bagged; duplicated on ¼

core splits, blanks and certified reference materials for lithium were inserted every 20 samples. Samples were bagged

and groups of samples were placed in larger bags, sealed with numbered tags, in order to maintain a chain of custody.

The sample bags were transported from the BRW contractor facility to the ALS laboratory in Val -d’Or. All sample

preparation and analytical work was performed by ALS by ICP-AES according to the ALS method ME-MS89L. All results

passed the QA/QC screening at the lab and all inser ted standard and blanks returned results that were within

acceptable limits. All reported drill intersections are calculated based on a lower cut -off grade of 0.3% Li 2O, with

maximum internal dilution of 5 meters. Host basalts adjacent to the dykes may grade up to 0.3% Li2O but were excluded

from the reported intersections.

Qualified Person

The scientific and technical information contained in Brunswick’s press release was reviewed and approved by Mr.

Simon T. Hébert, VP Development for Brunswick Exploration . Mr. Hebert is a Professional Geologist registered in

Quebec and is a Qualified Person as defined by National Instrument 43-101.

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

[email protected]

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 activit y 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.