Globex Royalty Property Receives Positive

Preliminary Economic Assessment and Other News

Rouyn‐Noranda, Quebec, Canada. GLOBEX MINING ENTERPRISES INC. (GMX – Toronto Stock Exchange, G1M –

Frankfurt, Stuttgart, Berlin, Munich, Xetra Stock Exchanges and GLBXF – OTCQX International) is pleased to report

that Selwyn Resources Ltd. (SWN.TSX‐V) announced on August 30, 2011 that a Preliminary Economic Assessment

study on the ScoZinc Mine in Nova Scotia “indicates excellent potential for a seven‐plus years mine life with prestripping

beginning in the fourth quarter of 2011 and full operation in the second quarter (Q2) of 2012”.

Further, the Selwyn press release states that “three conventional open pits are to be mined sequentially; Main,

Northeast and Getty....“.

Globex maintains a 1% Gross Metal Royalty which may be reduced to 1/2 % GMR for $300,000 on the Getty Deposit

which, in a press release dated March 30, 2011 by Selwyn, was estimated at a cut‐off of 2% zinc equivalent, to have a

measured and indicated resource of 4.36 million tonnes grading 1.87% zinc and 1.44% lead and an Inferred

Resource of 960,000 tonnes grading 1.73% zinc and 1.59% lead. (Resource calculation by M. Cullen, P. Geo and C.

Kennedy, P. Geo. of Mercator Geological Services, Dartmouth, Nova Scotia, as of March 28, 2011 ‐ Note: Mineral

resources that are not mineral reserves, do not have demonstrated economic viability).

Globex is pleased with the progress made by Selwyn to date and looks forward to the realization of a revenue stream

from mining and processing of the Getty Deposit.

In other news, Richmont Mines Inc. (RIC‐TSX) announced good drill results from drilling on the Wasamac property

which directly adjoins the five claims that Richmont optioned from Globex in Beauchastel Township, Quebec.

Richmont further announced that they are “also drilling on the adjacent Globex land package” and “will release

results from the exploration drilling once they have been obtained”.

Also, Typhoon Exploration Inc. (TYP‐TSX‐V) announced additional drill results on Globex’s Fayolle royalty property

near Rouyn‐Noranda. Drill results of up to 14.9 g/t Au over 30 metres are reported. Globex has a 2% Net Smelter

Royalty on Typhoon’s Fayolle area claims. (See Typhoon press release August 31, 2011).

Plato Gold Corp. (PGC‐TSX‐V) announced that they have completed an additional 17 hole, 8,754 metre drill program

on the Nordeau East property optioned by Globex to Plato. The drilling outlined 5 discontinuous gold bearing iron

formations with values of up to 12.28 g/t Au over 6.5 metres. (See Plato press release August 31, 2011).