911712 Globex erklimmt 2,80 EURO o. T.

Due to the nature of the mineralization, the core was analyzed using the metallic sieve method with a gravimetric fire assay finish. The work was undertaken by Laboratoires Expert in Rouyn-Noranda, Quebec under the direction of Joe Landers.

Analysis indicated the following gold value over the indicated core length and true width:

-------------------------------------------------- DDH W06-22 Metric Imperial -------------------------------------------------- Core Length 45.8 m 150.3 ft -------------------------------------------------- True Width 22.9 m 75.1 ft -------------------------------------------------- Gold Assay 22.6 g/t 0.66oz/T --------------------------------------------------

The mineralized intersection in hole W06-22 returned the following assays.

From (m) To (m) Core Length (m) True Width (m) Gold Assays (g/t) -------------------------------------------------- 126.15 126.88 0.73 0.36 12.88 126.88 126.94 0.06 0.03 Ground and Lost Core 126.94 127.44 0.50 0.25 20.67 127.44 128.50 1.06 0.53 67.95 128.50 129.43 0.93 0.47 46.92 129.43 130.30 0.87 0.44 61.94 130.30 131.20 0.90 0.45 45.65 131.20 132.10 0.90 0.45 22.23 132.10 132.60 0.50 0.25 24.73 132.60 133.60 1.00 0.50 10.65 133.60 135.00 1.40 0.70 3.09 135.00 136.50 1.50 0.75 0.64 136.50 138.00 1.50 0.75 31.64 138.00 139.50 1.50 0.75 5.05 139.50 141.05 1.55 0.78 25.97 141.05 142.50 1.45 0.72 31.78 142.50 144.00 1.50 0.75 9.76 144.00 145.50 1.50 0.75 20.00 145.50 147.00 1.50 0.75 32.23 147.00 148.50 1.50 0.75 10.49 148.50 150.00 1.50 0.75 17.07 150.00 151.50 1.50 0.75 16.29 151.50 152.97 1.47 0.73 23.50 152.97 154.50 1.53 0.77 17.85 154.50 156.00 1.50 0.75 53.45 156.00 157.10 1.10 0.55 52.07 157.10 158.20 1.10 0.55 29.73 158.20 158.65 0.45 0.23 9.75 158.65 160.00 1.35 0.67 12.72 160.00 161.00 1.00 0.50 0.03 161.00 162.15 1.15 0.58 0.54 162.15 163.33 1.18 0.59 0.67 163.33 164.50 1.17 0.58 35.99 164.50 165.50 1.00 0.50 17.38 165.50 166.25 0.75 0.38 34.96 166.25 167.25 1.00 0.50 17.10 167.25 168.25 1.00 0.50 7.32 168.25 169.50 1.25 0.63 6.75 169.50 170.70 1.20 0.60 50.28 170.70 171.95 1.25 0.63 18.48

Of particular note in these assays is the even distribution and high grade nature of the gold values. The intersection in hole W06-22 is located + 100 m below the zone intersected in hole W06-17 and is the only deep hole in the area although at a vertical depth of 135 metres , the intersection is not deep.

Diamond drilling has been stopped in order to allow us to undertake studies (ground geophysics, etc.) which will help us to better understand the geological parameters which control this quite spectacular gold intersection.

The Wood-Pandora drilling program was supervised by Globex's Exploration Manager and qualified person Ray V. Zalnieriunas, P. Geo. employing a QA/QC program consistent with National Instrument 43-101 and industry best practices.

This press release was written by Jack Stoch in his capacity as a Qualified Person (Q.P.).

We Seek Safe Harbour.


Contact:

Jack Stoch, P. Geo., Q.P.,
GLOBEX MINING ENTERPRISES INC.
President & CEO
(819) 797-5242
(819) 797-1470 (FAX)
info@globexmining.com
www.globexmining.com

Charles E. Page, P.Geo., President & CEO
QUEENSTON MINING INC.
Hugh D. Harbinson, Chairman
(416) 364-0001
(416) 364-5098 (FAX)
info@queenston.ca
www.queenston.ca

Source: GLOBEX MINING ENTERPRISES INC.