GLOBEX MINING ENTERPRISES INC. update shareholders on new assay results reported by Brunswick Exploration Inc. on Globex's Lac Escale (Mirage) lithium royalty property in the James Bay region of Quebec. As referenced in Globex's November 28, 2023 press release, Brunswick exercised the 5-year Lac Escale property option 11 months after entering into the agreement. Brunswick has reported an additional 9 drill holes which extend the strike length of the Mirage lithium discovery by 600 metres.

Previous drilling intersected three mineralized zones, the North, Central and South Zones. Current reported assays are from the South Zone, MR-4 Dyke. High-grade intercepts include: Hole Number, Core length (m), Li2O%, MR-23-26, 10.6 m, 3.28%, MR-23-19, 14.0 m, 2.92%, MR-23-16, 13.4 m, 2.88%.

Most holes in the MR-4 dyke intersected high-grade Li2O values of over 2% Li2O. The following are 11 reported intercepts of 13 holes in the South Zone for which assays are available. Two holes to the southwest did not intersect the MR-4 dyke but the presence of a thin mineralized dyke indicates that the South Zone remains open to the southwest.

Highlights from Maiden Drilling Program at MR-4 as reported by Brunswick Exploration. Hole ID, Zone, Dyke, From (m), To (m), Length (m), Li2O), Li2O%, Ta2O5 (ppm), MR-23-13, South, MR-4, 25.3, 35.7, 10.4, 1.45, 171, MR-23-14, South, MR-4., South, MR-4, 91.3, 104.7, 15.7, 2.09, 49, MR-23-16, South,MR-4, 95.9, 109.3, 13.4, 2.88, 86, MR-23-17, South, MR-4), 76.0, 90.1, 14.1, 2.24, 65, MR-23-18, South, MR-4. 87.8, 100.1, 12.3, 2.06, 112, MR-23-19, South, MR-4; 68.1, 14.0, 2.92, 70.9, 1.55, 97, MR-23-21, South, MR-4A, 70.9, 73.0, 2.1, 2.23, 83, MR-23-25, South, MR-4 Inc, 44.7, 53.6, 9.0, 2.57, 77, MR-23-26, South, MR- 4, 49.9, 60.4, 10.6, 3.28, 166.