Drill Results by Starr Peak Mining Ltd.

ROUYN-NORANDA, Québec, Jan. 11, 2022 (GLOBE NEWSWIRE) —

GLOBEX MINING ENTERPRISES INC. (GMX – Toronto Stock Exchange, G1MN – Frankfurt, Stuttgart, Berlin, Munich,


Tradegate, Lang & Schwarz, LS Exchange, TTMzero, Düsseldorf and Quotrix Düsseldorf Stock Exch


anges


and GLBXF – OTCQX International in the US)

is pleased to inform shareholders of the most recent drill results by Starr Peak Ltd. (STE-TSXV) on Globex’s Normetal/Normetmar Mine royalty property (NewMetal) at the town of Normetal, Quebec.

Recent drilling focused at both the Upper and Deep zones returned significant results including the following:

Upper Zone:

• Hole STE-21-73,
  
  6.04% Zn Eq. over 5.90 m
  
  .
  

Deep Zone:

• Hole STE-21-82-W1,
  
  8.98% Zn Eq. (including 0.82% Cu) over 9.85 m
  
  .
• Hole STE-21-81,
  
  5.14% Zn Eq. (including 1.28% Cu) over 7.20 m.
  

Numerous other holes are reported in today’s Starr Peak press release with zinc values in the Upper Zone and Deep Zone (up to

10.53% Zn, 2.99% Cu and 42.69 g/t Ag

).

Please refer to

Starr Peak’s press release

for details. Globex is pleased with the results to date. Globex holds a 2.5% Gross Metal Royalty on the property as well as over 1 million shares of Starr Peak.

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.