“At Home in North America” 56,970,336 shares issued and outstanding
PRESS RELEASE
Globex Mining Enterprises Inc.
“At Home in North America”
56,970,336 shares issued and outstanding
June 3, 2026
Emperor Reports Deep Wide High-Grade Gold Intercept on
the Duquesne West Property Under Option from Globex
Toronto, Ontario, 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 announce progress on the
50% owned Duquesne West property optioned to Emperor Metals Inc. Emperor reported that the 2026 program
is integrating 15,000 metres of new drilling with 8,000 metres of targeted resampling of historic drill core, w hich
together contributes an additional 23,000 metres of data to refine and expand the current geological model.
Below we summarize the results from the Emperor press release dated June 2, 2026, which can be accessed here
by clicking here for more details.
Exploration Program Highlights:
• Recent drill results included DQ26 -45 which intersected 35.9 meters grading 3.1 g/t Au at depth below the
current pit shell of the main pit.
• The thick high-grade gold intercepts continue to demonstrate the project’s ability to rapidly add ounces in
support of Emperor’s vision of advancing towards a multi -million-ounce bulk-tonnage gold deposit in the
main pit. Holes that are advancing this vision are represented by drillholes DQ26-03, 04, and 45.
• Ongoing drilling continues to expand the deposit footprint eastward, with encouraging mineralized
intercepts encountered in holes DQ26-05, 06, 07, and 08 including 0.5 g/t over 11.8 metres in drill hole DQ26-
05.
• Phase 1 pit infill drilling is targeting near -surface mineralization that could support a staged development
approach, potentially accelerating future project development timelines and may enhance the overall project
economics. This is represented by holes DQ26-11, 12, 13, 17, 33, 34, and 35.
• Only about 20% of the expected assay total for 2025-26 program have been received to date.
Results Discussion
Emperor reported that assay results received to date represent 16 of the 47 holes drilled so far, accounting for
roughly 35–40% of the current drilling program and only about 20% of the total assays expected from the broader
2025–2026 exploration season, including ongoing drilling and historical core resampling. Results have been
reported for approximately 6,500 meters to date, while the Company has successfully completed around 15,300
meters of drilling and remains well below budget.
As Emperor continues to expand the deposit footprint along strike and at depth, they are also enhancing the
opportunity within the existing mineralized envelope by demonstrating increased thickness and grade. By
systematically targeting the key structural controls of the deposit, Emperor believes that it will continue to build
ounces and unlock additional growth potential across the project (see Figure 1, 2).
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Emperor believes that drill hole DQ26 -45 demonstrates that multiple high -grade gold lenses hosted within a
broader low -grade auriferous system can materially increase in both thickness and grade. The hole located
approximately 75 –80 meters down dip of Kinross’s 2002 drill hole DQ02 -10, which intersected 13.4 meters
grading 4.9 g/t Au, returned a threefold increase in mineralized thickness, highlighted by 35.9 meters grading 3.1
g/t Au.
Emperor believes that these results support the continuity and expansion potential of the high-grade system at
depth while reinforcing the broader bulk-tonnage opportunity. Importantly, the identification of free gold within
the system further enhances the project’s upside potential, representing a characteristic that had not previously
been recognized or systematically targeted.
Figure 1. Location of Drill holes releases in the Emperor press release.
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Figure 2. Illustration of drill hole DQ26-45 and its interpreted pierce point, highlighting an intercept grading of
35.9 metres grading 3.1 g/t Au. The image also outlines the key structural plunge trends that continue to guide
exploration targeting and drilling success by Emperor across the deposit.
This press release was written David Christie, P.Geo., President and COO of Globex in his capacity as a Qualified
Person (Q.P.) under NI 43-101. The technical content for the Duquesne West Project in the Emperor Metals news
release was reviewed and approved by John Labrecque, B.Sc., P.Geol., OQLF, a Qualified Person pursuant to CIM
guidelines.
We Seek Safe Harbour.
Foreign Private Issuer 12g3 – 2(b)
CUSIP Number 379900 50 9
LEI 529900XYUKGG3LF9PY95
For further information, contact:
David Christie,
President and COO
Globex Mining Enterprises Inc.
120 Carlton Street, Unit 219
Toronto, Ontario, Canada M5A 4K2
Tel.: 819.797.5242
Fax: 819.797.1470
www.globexmining.com
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Quality Assurance and Control
The Quality Assurance and Quality Control (QAQC) was conducted by Technominex, a geological contractor hired by Emperor
Metals, which adheres to CIM Best Practices Guidelines for exploration related activities conducted at its facility in Rouyn Noranda,
Quebec. The QA/QC procedures are overseen by a Qualified Person on site.
Emperor Metals QA/QC protocols are maintained through the insertion of certified reference material (standards), blanks and l ab
duplicates within the sample stream totaling approximatel y one QA/QC sample per 7 samples. Drill core is cut in -half with a
diamond saw, with one-half placed in sealed bags with appropriate tags and shipped to either the SGS Val D’Or, Quebec or MSALabs
in Val D’Or, Quebec and the other half retained on site in t he original core box. For SGS labs, a dispatch list consists of 88 or 176
samples along with their corresponding QA/QC samples for a single batch. This allows complete batches (88 samples) for fire assay.
A file for sample tracking records tags used and weights of sample bags shipped to the SGS Val D’Or. Shipment is done by Manitoulin
Transport and coordination by Technominex staff in Rouyn-Noranda
The third-party laboratory, SGS prep laboratory in Val D’Or Quebec, processes the shipment of samples using standard sample
preparation (code PRP92) and produces pulps from the specified samples. The pulps are then sent off to SGS Burnaby for analys is.
Chain of custody is maintained from the drill to the submittal into the laboratory preparation facility all the way to analysis at the
SGS Burnaby B.C. laboratory.
Analytical testing is performed by SGS laboratories in Burnaby, British Columbia. The entire sample is crushed to 90% passing 2mm,
with a split of 500g pulverized to 85% passing 75 microns. Samples are t hen analyzed using Au - ore grade 50g Fire Assay, ICP-AES
with reporting limits of 0.01 -100 part per million (ppm). High grade gold analysis based on the presence of visible gold or a fire
assay result exceeding 100 ppm, are analyzed by Au - metallic screening, 1kg screened to 106μm, 50g fire assay, gravimetric, AAS
or ICP-AES of entire plus fraction and duplicate analysis of minus fraction. Reporting limit 0.01ppm.
Quality Assurance and Quality Control (QA/QC) for MSALabs
Samples are submitted to MSALABS’ analytical facility in Val -d’Or, Quebec, for preparation and gold analysis. Samples are dried
and crushed to 70% passing 2 mm, and an approximately 500 g aliquot is analyzed using Chrysos PhotonAssay™ technology. This
method uses high-energy X-ray excitation with gamma detection to provide a rapid, non-destructive measurement of gold content
on a larger, more representative sample mass.
Emperor Metals QA/QC protocols are maintained through the insertion of certified refere nce material (standards), blanks and lab
duplicates within the sample stream totaling approximately one QA/QC sample per 7 samples. Drill core is cut in -half with a
diamond saw, with one -half placed in sealed bags with appropriate tags and shipped to MSALa bs in Val D’Or and the other half
retained on site in the original core box. A file for sample tracking records tags used and weights of sample bags shipped t o
MSALabs in Val D’Or Quebec.
MSALABS is an ISO/IEC 17025 accredited laboratory and implements r igorous internal quality control procedures. These include
the systematic insertion of certified reference materials (CRMs), blanks, and duplicates at defined intervals throughout the
analytical process to monitor accuracy, precision, and potential contami nation.
Caution Regarding Forward-Looking Statements
Certain statements included in this press release may constitute “forward -looking statements” within the meaning of applicable Canadian
securities laws. Except as may be required by such laws, Globex Mining Enterprises Inc. (“Globex”) does not undertake an y obligation to update
or revise any forward-looking statements, whether as a result of new information, future events or otherwise. Forward -looking statements, by
their very nature, are subject to numerous risks and uncertainties. As a result, actual resu lts could differ materially from Globex’s expectations
expressed in or implied by such forward -looking statements. No assurance can be given that any events anticipated by the forward -looking
statements will materialize, or if any of them do, what benefits Globex will derive therefrom. Numerous risk factors which may cause actual
results to differ materially from expectations expressed in or implied by the forward -looking statements are discussed in Globex’s annual
information form for the 2025 fiscal year filed with the Canadian securities regulatory authorities, available on SEDAR+ at www.sedarplus.ca and
on Globex’s website at www.globexmining.com. Globex cautions readers that such risks are not the only ones that could impact it. Additional
risks and uncertainties not currently known to Globex or that Globex currently deems to be immaterial may have a material adv erse effect on
Globex’s business, financial condition, and results of operations. Given these risks and uncertainties, Globex cautions investors and others against
placing undue reliance on such forward-looking statements as a prediction of future results or for any other purpose. This press release does not
constitute or form a part of any offer or solicitation to purchase or subscribe for securities in the United States. The securities referred to herein
have not been and will not be registered under the Securities Act of 1933, as amended (the “Securities Act”), o r with any securities regulatory
authority of any state or other jurisdiction in the United States, and may not be offered or sold, directly or indirectly, within the United States or
to, or for the account or benefit of, U.S. persons, as such term is defined in Regulation S under the Securities Act (“Regulation S”), except pursuant
to an exemption from or in a transaction not subject to the registration requirements of the Securities Act.