ROUYN-NORANDA, QUÉBEC--(Marketwired - June 22, 2017) -

NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES, OR DISSEMINATION IN THE UNITED STATES

GLOBEX MINING ENTERPRISES INC. (TSX:GMX)(FRANKFURT:G1MN)(STUTTGART:G1MN)(BERLIN:G1MN)(MUNICH:G1MN)(XETRA:G1MN)(OTCQX:GLBXF) is pleased to announce that it has completed a private placement of 1,119,718 "flow-through" common shares at a price of $0.71 per share for proceeds to Globex of $795,000. Globex intends to use the proceeds from the private placement for exploration on certain of its properties in Québec.

As a result of the private placement, there are 50,172,424 common shares of Globex issued and outstanding. Under applicable securities legislation, the shares issued in the private placement are subject to a four-month hold period expiring on October 22, 2017.

We Seek Safe Harbour. Foreign Private Issuer 12g3 - 2(b)
CUSIP Number 379900 50 9

50,172,424 shares issued and outstanding

Contact Information:

Jack Stoch, P.Geo., Acc.Dir.
President & CEO
Globex Mining Enterprises Inc.
819.797.5242
819.797.1470 (FAX)
info@globexmining.com
www.globexmining.com