Cash Option Renewal Payment Received for Duquesne West

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Red Roof, Quebec, December. December 24, 2024 (GLOBE NEWSWIRE) – GLOBEX MINING ENTERPRISES INC. (GMX – Toronto Stock Exchange, G1MN – Frankfurt, Stuttgart, Berlin, Munich, Tradegate, Lang & Schwarz, LS Exchange, TTMzero, Düsseldorf, Quotrix Düsseldorf Stock Exchangespecific
and GLBXF – International OTCQX in the US) is pleased to announce that Emperor Metals Inc. has paid to Duparquet Assets Ltd. About the second year $500,000 cash portion From the Duquesne West option. the Share payment Part of the 2nd Anniversary Option will be repaid based on VWAP 20 days prior to the anniversary date which will be January 2025.

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Emperor has undertaken extensive drilling and screening of new and historic core drilling in order to outline a potential drillable resource on the Duquesne West property.

Duparquet Assets Ltd. It is a private company owned 50% by Globex and 50% by Jack Stoch Geoconsultants Ltd. Geoconsultants’ interest in the property predates Jack Stoch’s involvement in Globex.

This press release was written by Jack Stotch, P.Geo., President and CEO of Globex as a Qualified Person (QP) under NI 43-101.

Forward-looking statements: Except for historical information, this press release may contain certain “forward-looking statements.” These statements may involve a number of known and unknown risks, uncertainties and other factors that could cause actual results, level of activity and performance to differ materially from Globex Mining Enterprises Inc.’s expectations and projections. (“Globex”). No assurance can be given that any events anticipated by forward-looking information will occur or occur, or if any of them do occur, what benefits Globex will derive from them. A more detailed discussion of the risks is provided in the Annual Information Form provided by Globex dated SEDARplus.ca.

56,065,836
Issued and outstanding shares

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