Globex Mining Enterprises Inc. Reports High-Grade Gold Intersections at Duquesne West

About this update from Globex Mining Enterprises Inc.

TORONTO, June 16, 2026 (GLOBE NEWSWIRE) -- GLOBEX MINING ENTERPRISES INC. (GMX – Toronto Stock Exchange, G1MN – Frankfurt, Stuttgart, Berlin, Munich, Tradegate, Lang & Schwarz, LS Exchange, TTMzero, Düsseldorf and Quotrix Düsseldorf Stock Exchanges and GLBXF – OTCQX International in the US) is pleased to inform shareholders that Emperor Metals Inc. (CSE: AUOZ, OTCQB: EMAUF, FSE: 9NH) has reported continued intersections of high-grade gold across significant widths on the Duquesne West gold property located in the Abitibi of Quebec under option from Duparquet Assets Ltd. 50% owned by Globex. Latest assays from hole DQ 26-20 within the conceptual Main Pit intersected 61.5 g/t Au over 15.0 metres with several occurrences of visible gold (see images below). Representative images of the mineralized zone showing visible gold (VG) intersected in DQ26-20 at a down-hole depth of 405.7 meters (Approximately 380 m vertical depth), which returned 15.0 meters grading 61.5 g/t Au (402.7 to 417.7 m). The intersection is primarily made up of two adjoining assays of 557.5 g/t over 1.4 metres and 100.9 g/t Au over 1.0 metre but occur within a wide 35.8 metre halo of lower but anomalous gold values which presents an overall intersection of 26.09 g/t Au over 35.8 metres. Table displaying full intercept of DQ26-20 provided by Emperor; Notice high-grade intercept is surrounded by lower-grade material. The sub-gram material extends for a total thickness of 35.8 m grading 26.0 g/t Au. (not shown in table). Intersections presented are core lengths. Interestingly, the new high-grade intersection occurs 35 metres down plunge from a 1995 historical hole by Sante-Fe Canadian Mining which in Hole DQ95-21 intersected 20.9 g/t Au over 16.0 metres. Of note also reported from the current drill program was hole DQ 26-36 located east of the conceptual pit which returned 7.9 g/t Au over 1.5 metres and 0.5 g/t Au over 28.0 metres. Note: True widths are between 70% to 90% of reported widths. Emperor’s 2026 drill program is reported to be +15,000 metres which will be combined with 8,000 metres of sampling of historical core. Shareholders may access the Emperor press release by clicking here.https://www.newsfilecorp.com/release/301636 Jack Stoch, P.Geo., Executive Chairman and CEO of Globex, in his capacity as a Qualified Person (Q.P.) under Ni 43-101, prepared the information that forms the...

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