Globex to Drill Monster Lake Gold Corridor

ROUYN-NORANDA, QUEBEC--(Marketwired - Feb. 10, 2014) - GLOBEX MINING ENTERPRISES INC. (TSX:GMX)(FRANKFURT:G1M)(OTCQX:GLBXF) is pleased to inform shareholders that it will shortly begin an exploration drill program to test several induced polarization anomalies identified by Globex on Globex's 100% owned 1,450 hectares Lac à l'eau jaune property south of Chapais, Quebec. The Globex property ties onto TomaGold's Monster Lake property and is directly on strike of the Monster Lake gold corridor where Iamgold recently announced a 6,000 metre drill program and airborne magnetic survey as the first phase of a $17.5 million property option deal.

Globex has started line cutting which will be followed by magnetometer and induced polarization surveys in order to test additional prospective on strike ground.

This press release was written by Jack Stoch, P. Geo., President 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 SEDAR at www.sedar.com

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