Globex Reports Additional Transactions
PRESS RELEASE
Globex Mining Enterprises Inc.
“At Home in North America”
55,429,836 shares issued and outstanding
August 14, 2023
Globex Reports Additional Transactions
Rouyn-Noranda, Quebec, Canada. GLOBEX MINING ENTERPRISES INC. (GMX – Toronto Stock Exchange, G1MN –
Frankfurt, Stuttgart, Berlin, Munich, Tradegate, Lang & Schwarz, LS Exchange, TTM zero, Düsseldorf and Quotrix
Düsseldorf Stock Exchanges and GLBXF – OTCQX International in the US) is pleased to inform shareholders of several
transactions that have recently been signed or completed by Globex.
Globex is pleased to inform shareholders that it has received a cash payment of $2,000,000 from Agnico Eagle as the
third payment toward the purchase of the Francoeur/Arntfield property, west of Rouyn-Noranda. Globex is due to
receive an additional $6,000,000 over the next 23 months.
Globex has signed an option agreement for its 5-claim block, Gwillin Lake gold property in Barlow Township, Quebec
with Tomagold Corporation (LOT-V) whereas Tomagold may earn 100% interest in the claims. Under the terms of the
option agreement, Tomagold may make cash payment s totaling $130,000 over four years, issue 625,000 Tomagold
shares upon signing and an additional $100,000 worth of Tomagold shares , in four (4) annual $25,000-value share
blocks based upon the Volume Weighted Average Trading Price (VWAP) over a 20-day period preceding the contract
anniversary date. Tomagold must also undertake exploration expenditures totaling $1,500,000 to be completed by the
fifth anniversary of signing of the option agreement. Globex will retain a 3% Gross Metal Royalty (GMR) on the five
claims with Tomagold having the option of reducing the 3% GMR to 2% GMR by a single $1,500,000 cash payment to
Globex. Surface sampling undertaken by Globex on the claims returned assays up to 57.1 g/t Au and 0.96% Cu over 1.0
metres in channel sampling.
Globex is also a participant with Chibougamau Independent Mines Ltd. (CBG -TSXV) in its option of the 99 claim
Chibougamau West Block and the Letter of Intent (LOI), both with Tomagold on Chibougamau’s 127 claim East Block
which includes a number of historical copper/gold mines and the recently drilled C -3 copper/gold zone.
(Chibougamau’s press release of today’s date). Under the agreements, Globex will now have a 2% Gross Metal Royalty
(GMR) on all the claims potentially being purchased under the LOI and option agreements between Tomagold and
Chibougamau Independent Mines Ltd. Globex’s 1% Gross Metal Royalty on iron production from the large Mont Sorcier
iron/vanadium deposit is not affected by these transactions.
Globex has also sold 100% interest in six lithium claim s and claim fractions located in Fiedmont Township, Quebec
to Jourdan Resources Inc. Globex has received $100,000 cash and 2,040,816 Jourdan shares for the property. In
addition, Globex will retain a 2% Net Smelter Royalty (NSR) half of which may be purchased by Jourdan prior t o
commercial production for $1,000,000 indexed to inflation.
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We have also received $150,000 from Agrégat R -N Inc. as the initial production payment from the Silidor Granite
Quarry in Rouyn Township, Quebec.
Lastly, Globex received the initial $100,000 cash and 1,000,000 share option payment from Burin Gold Corp.
pursuant to the Dalhousie Nickel/Copper property option announced in a press release dated June 5, 2023.
In other news, Eros Resources Corp. (C-ERC) has signed a non-binding Letter of Intent with Lincoln Gold Mining (LMG-
V) under which Lincoln will negotiate to acquire the Bell Mountain Gold Project in Nevada from Eros. Globex retains
a Gross Metal Royalty (GMR) which at a gold price of over US$1,200 per ounce is 3% GMR on all mineral production.
The royalty also applies to any gold production within 7.5 km of the external claim boundary of the original 54 optioned
claims. In addition, Globex receives US$20,000 per year advance royalty payments. Globex is optimistic that should
the transaction be completed; this will lead to long awaited mineral production from the property.
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 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.