Globex Mining

Research has led Globex to believe that historically, high cut-offs grades for copper and zinc were used when mining. Specifically a report dated 1962 by Noranda Inc. refers to a zinc cut-off grade of 18%. Additionally, level plans indicate, at various levels, zinc mining grade cut-offs of between 10 and 15% and copper mining grade cut-offs of 3%. Considering the present metal prices, a study of the first 610 vertical meters of the mine was commissioned which has recommenced an initial program of 18 targeted drill holes totalling approximately 8,500 meters.

Further sparking our interest in drilling sections of the mine were four historic drill holes completed in 1987 prior to implementation of NI 43-101 regulations by Exploration miniere Normetal into the Normetal Mine crown pillar. The drill holes returned the following values:



-------------------------------------------------- Inter- Loca- Bearing Dip cept True Au AgHole # tion (degrees) (degrees) Length Width Cu% Zn% oz/t oz/t--------------------------------------------------N87-57 4052N, 210 45 12.80 m 11.90 m 3.05 24.17 0.043 - 6052E including 5.19 m 15.16--------------------------------------------------N87-58 4114N, 210 45 11.90 m 10.50 m 1.69 17.05 0.024 3.41 6008E including 1.32 m of ground core, assigned a value of 0 in the grade calculation--------------------------------------------------N87-­59 3978N, 210 45 9.46 m 8.32 m 0.38 27.09 0.055 4.31 6080E--------------------------------------------------N87-33 4012N, 200 50 8.28 m 7.58 m - 10.92 - 5.84 6040E including 4.77 m 0.17--------------------------------------------------



In addition, drill holes completed in 2003 into the crown pillar for stability studies and never split or assayed were recently recovered. These drill holes include sections of massive sphalerite or sphalerite, chalcopyrite and pyrite.

Globex intends to drill the recommended holes in a staged manner as soon as a drill becomes available.

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



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Forward Looking Statements

Except for historical information this News Release may contain certain "forward looking statements". These statements may involve a number of known and unknown risks and uncertainties and other factors that may cause the actual results, level of activity and performance to be materially different from the Company's expectations and projections.

16,690,950 shares issued and outstanding


For more information, please contact

Globex Mining Enterprises Inc.
Jack Stoch, P.Geo
President & CEO
819-797-5242
819-797-1470 (FAX)
info@globexmining.com
www.globexmining.com

Globex holes find no new gold on Central Cadillac, Wood


Globex Mining Enterprises Inc (C:GMX)
Shares Issued 16,690,950
Last Close 8/10/2007 $4.12
Monday August 13 2007 - News Release

Mr. Jack Stoch reports

GLOBEX: CENTRAL CADILLAC-WOOD-PANDORA DRILLING

Globex Mining Enterprises Inc. is providing an update to shareholders on drilling undertaken over the last several months on the Wood-Pandora and Central Cadillac properties.

To date, 11 drill holes have been completed, seven on the Central Cadillac property and three and one hole extension on the Wood property, specifically in the area of Ironwood gold zone.

The holes on the Central Cadillac property were drilled to target geophysical anomalies, structures outlined in recent surveys and deeply below the Central Cadillac mine stratigraphy. Approximately one-half of the Central Cadillac drill holes have been logged and assayed to date and no new gold zones have been discovered although several areas of intense alteration and low-grade gold values were intersected deserving follow-up drilling.

On the Wood property, two deep holes were undertaken in order to test for a deep extension of the host geological formation of the Ironwood gold zone. These holes failed to intersect the host iron formation. This may be due to folding in which case the holes passed beneath the folds axis or faulting in which case the iron formation becomes displaced with depth. In addition, one hole was extended for structural purposes and one short hole was drilled to extend the gold zone and intersected a core length of 2.13 metres (1.10 m true width) in hole W07-48, grading 7.63 grams per tonne Au.

Globex and Queenston have decided to commission an NI 43-101 report on the Ironwood gold zone. The NI 43-101 report will facilitate a better understanding of the structural complexity at depth and allow for proper planning of an additional phase of drilling.

This press release was prepared by Jack Stoch, PGeo, in his capacity as a qualified person.