Globex Reports Ongoing Drill Results on Nordeau Royalty Claims Discovery

TORONTO, Dec. 16, 2025 (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 update shareholders as regards exploration by Cartier Resources Inc. (ECR-TSXV, 6CA-FSE) on Globex’s Nordeau Royalty claims in Vauquelin Township (32C03) 45 km southeast of Val d’Or, Quebec. Globex holds a 3% Gross Metal Royalty on the Nordeau claims including the area where Cartier has made an important gold discovery called the North Contact Zone (NCZ) on Cartier’s Cadillac Property. Cartier has announced drill intersections on the NCZ gold zone intersecting significant gold mineralization between 100 m to 300 m depth. Drilling has outlined three parallel high-grade gold zones NCZ1, NCZ2 and NCZ3 over strike length of approximately 400 metres. The deepest drill holes are CA25-531 which intersected 3.2 g/t Au over 12.5 m including 7.0 g/t Au over 3.0 m and hole CA25-536 which intersected 111.5 g/t Au over 2.0 m including 339.6 g/t Au over 0.5 m.

Assay results from drill holes on the NCZ have been reported in 4 press releases by Cartier Resources. The pertinent drill results are listed below as reported by Cartier in chronological order of publication.

Table 1: Drill Hole Best Assay Results From the Contact Sector in September 23, 2025 Cartier Press Release

* Occurrences of visible gold (VG) have been noted in the drill core at various intervals. ** Based on the observed intercept angles within the drill core, true thicknesses are estimated to represent approximately 55–80% of the reported core length intervals.

Table 2: Drill Hole Best Assay Results From Contact Sector in October 21, 2025 Cartier Press Release

* Occurrences of visible gold (VG) have been noted in the drill core at various intervals. ** Based on the observed intercept angles within the drill core, true thicknesses are estimated to represent approximately 50–85% of the reported core length intervals.

Table 3: Drill Hole Best Assay Results From Contact Sector November 4, 2025 Cartier Press Release

* Occurrences of visible gold (VG) have been noted in the drill core at various intervals. ** Based on the observed intercept angles within the drill core, true thicknesses are estimated to represent approximately 55-70% of the reported core length intervals.

Table 4: Drill Hole Best Assay Results From Contact Sector in December 2, 2025 Cartier Press Release

* Occurrences of visible gold (VG) have been noted in the drill core at various intervals. ** Based on the observed intercept angles within the drill core, true thicknesses are estimated to represent approximately 60-85% of the reported core length intervals.

Cartier reports that drilling to date suggest that “the gold system remains robust and open in all directions, suggesting significant expansion potential. Upcoming drilling is required on NCZ to extend gold mineralization closer to surface (10-15 m) to support a future gold inventory. Further exploration drilling is already planned to test several new high priority regional targets at Contact Sector. Cartier is now evaluating an expansion of its drilling program toward the eastern extension of the NCZ.”

Refer to the plan maps and cross and long sections below for an overview of drill results to date on the NCZ gold zone.

Globex is pleased by the good results reported by Cartier on Globex’s royalty claims. In 2026 Cartier will be drilling on other portions of Globex’s royalty claims as part of their greater than 100,000 metre planned drill program.

This press release was written by Jack Stoch, P. Geo., Executive Chairman and CEO of Globex in his capacity as a Qualified Person (Q.P.) under NI 43-101.

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 expectations and projections of Globex Mining Enterprises Inc. (“Globex”). No assurance can be given that any events anticipated by the forward-looking information will transpire or occur, or if any of them do so, what benefits Globex will derive therefrom. A more detailed discussion of the risks is available in the “Annual Information Form” filed by Globex on SEDARplus.ca.

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/291164b3-76db-4eb1-a812-7519c6ace6d3