Globex Options Feldspar Property

Aug 22, 2016

Rouyn-Noranda, Québec, Canada. GLOBEX MINING ENTERPRISES INC. (GMX – Toronto Stock Exchange, G1M – Frankfurt, Stuttgart, Berlin, Munich, Tradegate, Lang & Schwarz Stock Exchanges and GLBXF – OTCQX International) is pleased to inform shareholders that Globex has optioned our Johan Beetz Feldspar Property located in Johan Beetz and Iles de Mingan 03 Townships, Quebec directly east of the town of Johan Beetz and between Havre St-Pierre, 60 km to the west and the Innu Community of Natashquan, 80 Under the agreement, Walmer Capital Corp. a capital pool company, upon exchange approval will pay Globex $50,000, 3 million Walmer shares and undertake a minimum of $1,000,000 in work over two years to earn 100% interest in the property subject to a 2% Gross Metal Royalty.

The Johan Beetz Feldspar Property includes an open pittable, historic, non-current under NI 43-101 regulations mineral resource (not reviewed by a Globex geologist or being considered by Globex as current) located directly on the north shore of the St. Lawrence River. A currently disused loading dock which extends into the river from the property was used in the 1950’s by Spar-Mica Ltd. to facilitate bulk feldspar shipments. The property’s location with direct river access is a significant advantage for the project as transport is a major cost to potential bulk feldspar buyers.

For additional information on the Johan Beetz Feldspar property, please go to our website at www.globexmining.com at Johan Beetz Feldspar Property.

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