Brunswick Reports Additional Lithium Values ​​in Globex’s Lac Escale (Mirage) License Area

ROUYN-NORANDA, Quebec, Oct. 8, 2024 (GLOBE NEWSWIRE) — GLOBEX MINING ENTERPRISES INC. (GMX – Toronto Stock Exchange, G1MN – Frankfurt, Stuttgart, Berlin, Munich, Tradegate, Lang & Schwarz, LS Exchange, TTMzero, Düsseldorf and Quotrix Börse Düsseldorfans and GLBXF – OTCQX International in the USA) Brunswick Exploration Inc. (BRW-TSXV, BRWXF-OTCQB, 1XQ-Frankfurt) is pleased to announce that it has issued a press release regarding initial 2024 drill results on Globex’s Lac Escale (Mirage) property, including within one kilometer outside by Globex, has published border area of ​​influence in the James Bay region of Quebec. Globex retains a 3% gross metal royalty on the Lac Escale claims and $100,000 per annum in advance beginning in the fifth year of the agreement.

The drilling campaign focused on the Central Zone, including the MR-6 and MR-3 veins (see Brunswick news release dated June 4, 2024) and has continued to intersect broad and well mineralized intervals in its extent and in depth.

Highlights include:

• Several new lithium pegmatites were intersected immediately surrounding the MR-6 vein in the central zone. Significant vein staking can be observed east and north of MR-6. Mineralization in the Central Zone has now been identified via multiple drill holes spanning over 1,000 meters of strike length.

• Several significant near-surface intercepts extend the MR-6 vein with 1.75% Li2O over 40.4 meters in borehole MR-24-73, 1.07% Li2O over 24 meters in borehole MR-24-74 and 1.25% Li2O over 16 meters in borehole MR-24-72.

• Three new stacking dikes confirmed is located 250 meters east of MR-6 with 1.25% Li2O over 26 meters, 1.49% Li2O over 26.2 meters And 1.93% Li2O over 22.35 meters all in borehole MR-24-76.

• Brunswick Exploration will begin metallurgical studies for the MR-6, MR-4 and MR-3 veins in the coming weeks.

Since early 2024, Brunswick has drilled approximately 12,000 meters to discover, delineate and expand the spodumene-bearing pegmatites.

Highlights of the 2024 summer drilling campaign in today’s Brunswick press release include the following:

Today’s press release from Brunswick can be found here.

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Globex is pleased with Brunswick’s continued efforts and successes in advancing the economic potential of Globex’s Lac Escale (Mirage) royalty within the Globex claims and sphere of influence.

This press release was prepared by Jack Stoch, P. Geo., President and CEO of Globex, in his capacity as a Qualified Person (QP) as defined by NI 43-101.

Forward-Looking Statements: Other than historical information, this press release may contain certain “forward-looking statements.” These statements may involve a number of known and unknown risks and uncertainties and other factors that could cause actual results, levels of activity and performance to differ materially from Globex Mining Enterprises Inc.’s (“Globex”) expectations and projections. There can be no assurance that the events predicted in the forward-looking information will actually occur or occur, or what benefits Globex will derive if they do. For a more detailed discussion of the risks, see the Annual Information Form filed by Globex on SEDAR at www.sedar.com.

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