Globex Acquires Kelly Lake Copper, Nickel, Platinum, Palladium, Cobalt, Rhodium Project in Quebec

ROUYN-NORANDA, QUÉBEC–(Marketwired – April 12, 2017) – GLOBEX MINING ENTERPRISES INC. (TSX:GMX)(FRANKFURT:G1MN)(STUTTGART:G1MN)(BERLIN:G1MN)(MUNICH:G1MN)(XETRA:G1MN)(OTCQX:GLBXF) is pleased to inform shareholders that we have acquired six cells (350 ha) located in Blondeau Township, Quebec (31M07) west of the Town of Belleterre.

The cells cover the Kelly Lake copper, nickel, platinum, palladium, and cobalt zone. Work by previous companies and compiled for Loubel Exploration Inc. reports a historical Indicated Mineral Resources of 1,400,000 tonnes grading 0.7% Ni and 0.7% Cu with potential Pt and Pd grades of 0.7 g/t and 0.6 g/t respectively to a depth of 335 metres and open to depth. (Source: A Report on the Kelly Lake Project prepared for Loubel Exploration Inc., by J.D. Charlton, PGeo. APGGQ, APGO and FGAC, Feb. 11, 2001) (Note: The resource cited above is historical, is not a current mineral resource under National Instrument 43-101 regulations, is not being considered by Globex as current resources or reserves, has not been reviewed by a Globex geologist and should not be relied upon.)

In 1968, a composite sample of 4 HQ drill holes weighing 2,800 kg (6,200 lbs) representing 206m (676 feet) of drill core was drilled for metallurgical testing purposes and assayed 0.77% Ni, 0.63% Cu, 4.10 g/t Ag, 0.10 g/t Au and 0.99 g/t Pt and Pd combined. Metallurgical tests on this composite sample also indicated 0.05% Co and 0.03 g/t rhodium content.

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