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Globex Acquires Royalty on Large Quebec Land Package

Mergers & Acquisitions Royalties & Streams

PRESS RELEASE

Globex Mining Enterprises Inc.

“At Home in North America”

55,332,817 shares issued and outstanding

October 25, 2021

Globex Acquires Royalty on Large Quebec Land Package

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 it has acquired a 2% royalty equivalent to a Gross Metal Royalty (GMR)

herein called “ the RN Mining Camp Royalty” covering a significant length of the Cadillac Break east of

Rouyn-Noranda and an additional large block of claims northwest of Rouyn-Noranda (See map attached).

Globex initially entered into discussions with the e states of two well -known and respected

prospector/entrepreneurs following the purchase by Globex of the Rouyn Merger Gold Property (see press

release dated August 5, 202 1) on which a 2% royalty was held by the estates. Globex was successful in

acquiring the royalty and thus eliminating it on the 6.5 kilometers of the Cadillac Break , numerous gold

occurrences and zones and surrounding rocks which are within the Rouyn Merg er property boundary. In

the same purchase, Globex acquired royalty interests which extends both east and northwest of the Rouyn

Merger property including on the Heva-Hosco Gold Property owned by Hecla Quebec Inc.

This Heva-Hosco property includes the following NI 43-101 gold resources as reported by Hecla Mining Co.:

Heva Indicated Resources

Inferred Resources

1,266,000 Tons @ 0.06 oz/ton Au (1.866 g/t Au)

2,787,000 Tons @ 0.08 oz/ton Au (2.488 g/t Au)

Hosco Indicated Resources

Inferred Resources

29,287,000 Tons @ 0.04 oz/ton Au (1.244 g/t Au)

17,726,000 Tons @ 0.04 oz/ton Au (1.244 g/t Au)

(Source : Hecla Mining Web site, ‘’as at December 30, 2020 ‘’)

To the northwest and adjoining to the Rouyn Merger property , an additional large blo ck of claims held by

Falco Resources Ltd. is also subject to the 2% royalty, covering, in part, the Horne Creek Fault.

The 2% royalty also applies to a very large block of claims northwest of Rouyn-Noranda covering the gold

hosting Flavrian tonalit e pluton and basic and felsic volcanic rocks along the western boundary of the

pluton, all currently held by Falco Resources Ltd. This royalty area includes numerous showings and drill

indicated areas of gold and base-metal mineralization both in the pluton and within the volcanic rocks.

Globex is pleased to have acquired the royalty which was paid for by the issuance of 150,000 Globex shares.

Both Falco and Hecla have been notified of Globex’s royalty purchase.

2

Please see the adjoining map which shows the RN Mining Camp Royalty purchase area outlined in black and

other royalties and properties held in the immediate area by Globex.

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

[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 a ctivity 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.

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Wasa Shear Zone

Cadil lac Tectonic Zone

Horne Creek Fault

Alembert Fault

Cadillac Tectonic Zone

Cadillac Tectonic Zone

NI 43-101 RESOURCES FOR HEVA AND HOSCO DEPOSITS

HEVA:

Indicated Resources: 1,266,000 Tons @ 0.06 oz/ton Au

Inferred Resources: 2,787,000 Tons @ 0.08 oz/ton Au

HOSCO:

Indicated Resources: 29,287,000 Tons @ 0.04 oz/ton Au

Inferred Resources: 17,726,000 Tons @ 0.04 oz/ton Au

(Source: Hecla Mining Website)

Clericy Project

New Marlon

(Silidor)

Adanac

Beauchastel & Rouyn

Wasamac East Royalty

Donalda Royalty

Vauze Mine

Opawica Royalty Property

Gan Copper

Mine Aldermac

Kidd Creek

- Zone

Brechique

Mine Wasamac

Centre

Boischastel

Lac Adeline

Wingate

(MacWin) Pitch-Ore

Rivière

Adeline

Dorington 1 Bazooka

Augmitto

(Zone

Sud)

Durbar

(Zone

Nord)

Cinderella

Turpin

Abbeville

Gold Bar

Lac Pelletier

Mine

Senator

Rouyn

Wright-Rouyn

Violamaque

Mine

Chadbourne

Mine Astoria

Mine

Stadacona

Tribag-2

Lac Trémoy-Sud

(Glenwood)

Norfault

(Fiske, Red

Gold et Brochu)

Lucky Break

Kekelac

Mine Granada

Lac

Osisko-Ouest

Rivière

Kékéko

Lac Wasa Orlando

Noranda

Mc Donough

Rivière

Pelletier

- Ouest

Peltier

Forbex-Cambior (Rouyn)

McWatters

Lac Beauchastel

secteur sud-est

Ruisseau

Millette

Sondage 84

Sondage 58-1

Beauchastel-2-79

WB-81-1

Yvon Corbeil

Frankland

Lac Gamble

VII Lots

34-35

Wakeko Smokey Creek

Chance

Dickenson

CP-88-14

Sondage C-1

Ruisseau des

Residus-Nord

Caron-SO

Sudbury

Lac

Pelletier

Ouest

Beauchastel-Rang VI

Continental

Copper

Mine Gallen

(West

McDonald)

Brynnor

Claims Sozio

Windfall

Puits

Harvie No 4

Puits

Harvie No 3

Puits

Harvie

No 1

Primrose

Lac

Dufault-Ile

Mine Donalda

(Propriété

Deka)

Wilco

Mine

Delbridge

No 2

Donrand

Mine Eldona

No 1

Dufault Sud

Horn Creek

Fault-Nord

Rivière

Dufault-Sud

Caputo

Lac

Marillac-NE

Candella

Barbados

Puits Seguin

Copper

Hill Mines

R88-08

Kino 823

D'Alembert

Sondage

10-65

(Joannes)

Rivière

Kinojévis

Kino I Kino II

Lac de

La Vase

Vieux puits

Anaconda

Brass

Lac Savard NO

Joannes-Orion

F-06-09

F-06-06

Boulder Hill

Mine Pierre

Beauchemin

(Eldrich-Flavel)

Mine Ansil

Zone Bedford

Hill (Waite

Dufault)

Mine Waite

Waite-Dufault

Mine

Waite-Amulet-F

Mine East

Waite

Mine Vauze

Vauze-2

(Orco/New

Vauze)

Mine Norbec

Lac

Dufault-Ouest-Acadia

Mine Newbec

Lac

D'Alembert-Sud

Beauchastel-Rang IX

Lac

Flavrian-Ouest

Nordis-Zone

E (Rainville)

Saint-Judes

Sunburst

Lac

Flavrian-NO

Goldconda

Buffam

(Beauchastel)

Mine

Quesabe (Sunburst)

Belkor

(Beauchastel Nord)

Eplett

Mine

Halliwell

Eldridge

Graham

(Phelps

Gold)

Mine Elder

Tagami-Zone

Nord

West Gold

Tagami-Zone Centrale

(Extension Elder)

Towagmac

Mine Corbet

Ribago

Beauchastel

Copper - Zones

5-6 (Despina)

Mine Waite-Amulet

(C, A et Bluff)

Lac Here-SO

Beauchastel

Copper-Zone 8

Mine New

Marlon

Bloc 169

Lac Dufault

No 1

Mine Don

Rouyn

Mine

Powell-Rouyn

Mine

Millenbach

Mine

Anglo-Rouyn

Powell-Rouyn-2

Lac

Dufault-Ouest-Larandona

Mine Joliet

Québec

Mine Horne

(Remnor)

Mine Quémont

Mine Silidor

MacDonald

Brèche de

St-Jude

Cadet Ressources

(Nord Brèche

St-Jude)

Habitant

Tagami-Linaur

Montbray-8

Flavrian-Duprat-1

Flavrian-Duprat-3

Flavrian-Duprat-4

JOL-86-2

Duprat-SO

Baie

Sergius-Nord

Macamic

Highway-MH1

West Ansil

Aqua 10-468

Nora-85-5

Flavrian-84-61

Martin L.

Milestone

Ruisseau

Meritens-Ouest

Lac Meritiens

Lac

Audisier-SE

Colline

Waite-NE

Vauze Est

BG-89-20

New

Vause-Nv-15

Lac Twin

LenmacDawson Copper

Flavrian SW

FV05-05

FV05-02

Ruisseau

Fourcet

(WD-05-01)

Norocona

Lac

Bouzan-Sud

(Dransfield)

Rivière Tremoy

(Wiltsey-Coghlan)

Dovercliff

Pepmont

Mine

McWatters

Lemire

(Beauchamp)

Mine New

Rouyn

Merger

Dupuis

Mine

O'Neill-Thompson

East O'Neill

Norzone

Davidson

Fault

Davidson

Creek

Highbank

Ruisseau

Davidson

Mine Heva

Washington

Mine Hosco

Aukeko Austin Rouyn

Adanac

Lac Kinojevis

Ruisseau

Carrière

Tremoy-La

Pause

Lac

Tremoy-Nord

Monastesse

La Bruère

R88-02

Lac La

Bruere-Bischoff

Hosco Ouest

Clerno-Puits 2

Heva Ouest

Lac Bouzan

Lac Vallet

Henriksen

Routhier-Sud

Alexandria

Adanac

(Zone

Nord-Ouest)

Kekeko Ouest

Kekeko Est

Lac Wasa

Ouest

Lac Wasa Est

Lac

Loynes-Ouest

Joanna Nord

Zoé

Lac

Dufault-NE

Kino Est

Jévis

Pinkos Nord

Pinkos Sud

Lac Anne

Ouest

Lac Cléricy

Lac Dufault

Nord

Rivière

Cléricy

Ruisseau

Davidson

32D0232D02

32D0332D03

32D0632D06 32D0732D07

1:90000

0 52,5

Km

¯"Globex, Rouyn Noranda Area, Quebec,

Royalty and Property Holdings"

NTS: 32D/02 - 32D/03 - 32D/06 - 32D/07

LegendB( Gold

B( Zinc

B( Iron

B( Copper

B( Silver

Mineral Occurrence

"» Active Mine

!

BD Copper Closed Mine

!

BD Gold Closed Mine

!

BD Zinc Closed Mine

Globex Properties & RoyaltiesRN Mining Camp Royalty, Purchased September 2021