Chibougamau Independent Mines Receives Required Permit to Begin Drilling on the C-3 Copper/Gold Zone at Bateman Bay

Jun 22, 2019

June 19, 2019 – ROUYN-NORANDA, QUÉBEC- Chibougamau Independent Mines Inc. (CBG-TSX-V in Canada, CLL1-Frankfurt, Stuttgart and Lang & Schwarz Stock Exchanges in Germany, CMAUF-OTC in the US) and GLOBEX MINING ENTERPRISES INC. (GMX – Toronto Stock Exchange, G1MN – Frankfurt, Stuttgart, Berlin, Munich, Tradegate, Lang & Schwarz Stock Exchangesand GLBXF – OTCQX International in the US) are pleased to inform shareholders that we received the required permit to begin drilling on the C-3 Copper/Gold Zone located east of the town of Chibougamau, Quebec. The drill has been mobilized to the property and drilling has begun. Globex Mining Enterprises Inc. holds a 3% gross metal royalty on the property.

The C-3 Zone is a significant copper/gold discovery in the heart of the Chibougamau mining camp. The last two drill holes, as reported in press releases dated April 4 and 22, 2019, returned significant mineralized intersections as follows: BJ-19-17 which intersected 4.33% Copper, 3.69 g/t Gold and 19.62 g/t Silver, over a 22 metre core length and, BJ-19-18 which intersected 7.70% Copper, 3.58 g/t Gold and 33.25 g/t Silver, over a 9.2 metre core length. See press releases at: http://www.chibougamaumines.com/press_releases.htm).

Jack Stoch, P.Geo. President and CEO of Globex Mining Enterprises Inc. and Chibougamau Independent Mines Inc. wrote this press release in his capacity as QP under applicable regulations.

Globex Mining Enterprises Inc.
Chibougamau Independent Mines Inc.
86, 14e Rue, Rouyn-Noranda QC J9X 2J1 CANADA
Tel.: 819.797.5242, Fax: 819.797.1470
www.globexmining.com – www.chibougamaumines.com
Globex – GMX Toronto Stock Exchange . GLBXF OTCQX International . G1M Frankfurt Stock Exchange
Chibougamau Independent Mines – CBG TSX – V . CLL Stuttgart Stock Exchange

Forward Looking Statements
Except for historical information, this news release may contain certain “forward looking statements”. These statements may involve a number of known and unknown risks and uncertainties and other factors that may cause the actual results, level of activity and performance to be materially different from the expectations and projections of Globex Mining Enterprises Inc. (“Globex”). No assurance can be given that any events anticipated by the forward-looking information will transpire or occur, or if any of them do so, what benefits Globex will derive therefrom. A more detailed discussion of the risks is available in the “Annual Information Form” filed by Globex on SEDAR at www.sedar.com