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Infill drilling completed at Globex / Chibougamau Independent Iron Vanadium Royaly Property, Canadian Business Journal

ROUYN-NORANDA, Quebec, February 23, 2022 (GLOBE NEWSWIRE) — GLOBEX MINING ENTERPRISES INC. (GMX-Tronto Stock Exchange, G1MN-Frankfurt, Stuttgart, Berlin, Munich, Tradegate, Lang & Schwarz, LS Exchange, TTMzero, Dusseldorf, Quotrix Dusseldorf Stock ExchangeAnju And GLBXF – US OTCQX International) and CHIBOUGAMAU INDEPENDENT MINES INC (CBG-TSXV in Canada, CLL1-Frankfurt in Germany, Stuttgart, Berlin, Lang & Schwartz Stock Exchange, CMAUF-OTC in the US) We are pleased to update our shareholders about the drilling done by Voyager Metals Inc. (VONE-TSXV) Monsolcie iron vanadium deposit located about 20km east of Chibougamau, Quebec.

In a press release dated February 23, 2022, Voyager President and CEO Cliff Sale-Sanders commented: Some of the estimated North Zone resources to support pending feasibility studies on the Monsolcie deposit. Voyager will release new resource updates by the second quarter of 2022 and upgrade sufficient resources to the measurement and display category to support feasibility studies targeting completion in the first quarter of 2023. am.

The goal of the 2021 drill program is to upgrade a sufficient portion of the current North Zone estimated mineral resources to the measurement and display category as part of the currently planned feasibility study, with a minimum mine life of 20 years. Is to support. Compliant NI 43-101 Technical Report – 30.9% Magnetite in the South Zone, as reported in the Mineral Resources Estimates of the Monsolcie Project in Quebec, Canada, completed June 25, 2021 by CSA Global. It contains 113.5 Mt of labeled mineral resources and has an estimated mineral resource of 144 Mt with 24.9% magnetite and 809.1 Mt with 34.2% magnetite in the North Zone. Technical reports are available on SEDAR and the company website (www.voyagermetals.com). “

Chibougamau Independent holds a 2% total metal usage fee for all iron and vanadium production from the property, Globex holds a 1% total metal usage fee for iron production, 1% Holds 11,960,000 shares of Electric Royalties Ltd. (ELEC-TSXV), which holds the total assets of. Metal usage fees for all vanadium production.

This press release is from Jack Stoch, Geo, President and CEO of Globex and Chibougamau Independent Mines. Wrote as a Qualified Person (QP) under NI 43-101.

I’m looking for a safe harbor. Foreign private issuer 12g3–2 (b)
CUSIP number 37990050 9
LEI 529900XYUKGG3LF9PY95
For more information, please contact:
Jack Stoch, P. Geo. , Acc.Dir.
President and CEO
Globex Mining Enterprises Inc.
86, 14th City
Luine Nolanda, Quebec Canada J9X 2J1

Phone: 819.797.5242
Fax: 819.797.1470
info@globexmining.com
www.globexmining.com

Forward-looking statement: Except for historical information, this news release may contain certain “forward-looking statements.” These statements include actual results, levels of activity, and performance from Globex Mining Enterprises Inc. It may contain many known and unknown risks and uncertainties and other factors that can cause significant differences from expectations and expectations (“Globex”). There is no guarantee that Globex will benefit from any of the events that are expected to occur or occur due to forward-looking information, or any of them. For more information on risks, please refer to the “Annual Information Form” submitted by Globex to SEDAR (www.sedar.com).


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Infill drilling completed at Globex / Chibougamau Independent Iron Vanadium Royaly Property, Canadian Business Journal

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