High-Grade Gold Near Surface at Duquesne West Including 7.0 g/t over 24.8 m

Globex Mining Enterprises Inc. (GMX) is re-publishing results from its partner Emperor Metals, which reported six holes from its 2026 Duquesne West campaign at the Duparquet Assets Ltd. site. Duparquet is 50%-owned by Globex, serving as the optionor, while Emperor may earn 100% subject to cash and share payments and a gross metal royalty. Globex does not own the ounces directly; its economic claim is half of Duparquet's royalty and payment package.

Reported near-surface intercepts include: - DQ26-61: 7.0 g/t Au over 24.8 m, ~85 m vertical depth - DQ26-63: 4.0 g/t Au over 18.9 m, ~100 m vertical depth - DQ26-57: 8.7 g/t Au over 8.40 m, ~41 m vertical depth - DQ26-59: 6.1 g/t Au over 8.60 m, ~46 m vertical depth - DQ26-62: 2.6 g/t Au over 11.4 m, ~57 m vertical depth

The program involves 20,479 m of new drilling plus approximately 8,000 m of historical core resampling in 2026. Fifty-five of 66 holes, or 83%, are now reported. Assays received represent 61% of total assays expected for the broader 2025-26 season, with a further 3,000-5,000 m having resumed, targeting up to 33,000 m of new data. Cumulative drilling exceeds 142,000 m, including 1930s history. The stated goal is a new NI 43-101 Mineral Resource Estimate and a PEA "in the near term," plus selective overburden stripping of less than 5 m over a conceptual Phase 1 pit.

No from/to depths, cutoff grade, true width, capping, or laboratory details are provided in this release, which points to Emperor's November 3, 2026 release for methodology. While six holes are said to have been reported, only five carry grades; the sixth presumably returned nothing significant.

Globex Mining Enterprises Inc. (GMX) holds a 50% interest in Duparquet Assets, the optionor for Emperor, which earns to 100% ownership against cash and share payments plus a gross metal royalty. Consequently, Globex participates through a royalty and payment stream rather than holding 50% of the contained ounces. A strong shallow hole that might add a few hundred thousand ounces to the 1.46 moz deposit moves Globex's intrinsic value by a small single-digit percentage at most, and only once a resource and preliminary economic assessment (PEA) are published. Duquesne is one asset among dozens of royalties and option agreements in this portfolio.

The best credible prior intercept on this target was DQ-26-37, which returned 32.0 m @ 5.9 g/t = 188.8 g·m at 335 m depth, published September 29, 2026, when the stock closed C$2.18. The stock is C$2.00 today, having drifted and round-tripped from its C$2.86 February high. Today’s best result was 173.6 g·m (roughly 122-156 g·m after a true-width haircut) at 7.0 g/t and at one quarter of the depth. This is a comparable-to-better result on grade with a far better economic setting, and it is 2.8x the previous best near-surface hole, DQ26-52, which returned 24.1 m @ 2.6 g/t = 62.7 g·m.

For Emperor, the near-surface grade is at 4-5x the resource average inside the planned starter pit, which supports the staged-development and low-strip-ratio argument ahead of a resource update and PEA.

Prior-period financial context for the nine months to September 30, 2025 (Q3-2025) — not disclosed in today's release — shows revenue of C$1.08M, an operating loss of C$2.79M, and net income of C$4.81M driven by non-operating gains. The company held cash of C$8.87M, no debt, equity of C$38.8M, and a book value of C$0.69/share. At C$2.00, the stock trades approximately 2.9x book, which is a portfolio/royalty multiple, not an operating one. A catalyst the market was told to expect — the Mont Sorcier BFS — slipped from "end Q2 2026" to an undated status in the July 15, 2026 update, with ESIA now guided to Q2 2027.

Globex Mining Enterprises Inc. (GMX) is a Toronto-listed project generator and royalty holder maintaining a multi-commodity portfolio across Canada and the United States, covering gold, antimony, zinc, lithium, rare earths, fluorspar, and iron. The company’s strategy involves optioning properties in exchange for cash, shares, and work commitments while retaining gross metal royalties, alongside a smaller portfolio of 100%-owned exploration assets.

Partner-funded royalty and option exposure includes the Duquesne West project, representing 50% of the optionor Duparquet Assets with a GMR and an Emperor earning in; Parbec, which carries a 3% GMR and holds 9.61 Mt @ 0.86 g/t Measured & Indicated resources for approximately 265,800 oz, plus 2.55 Mt @ 1.18 g/t Inferred resources; and Berrigan, a 2% GMR associated with TomaGold's deep zinc-gold-silver zone. Other holdings include the Bald Hill antimony project, optioned to Antimony Resources with conceptual resources of 2.7 Mt at 3-4% Sb; Bell Mountain, a 3% GMR that is fully permitted with first production targeted for 2027; and Mont Sorcier, a 1% GMR iron project where a BFS is being re-scoped.

Additional partner-funded interests include Eagle, a 2.5% GMR with approximately 459,000 oz total; Nordeau, a 3% GMR covering Cartier's North Contact and East Nordeau zones; O'Brien/Kewagama royalties linked to Radisson and Agnico-backed assets; Lac Escale/Mirage, a 3% GMR with 52.2 Mt @ 1.08% Li2O Inferred resources; Carp fluorspar, optioned to Evion; and RAMP/Maude Lake, which is optioned.

Globex Mining Enterprises also manages 100%-owned work programs at Wood/Central Cadillac, including a 4,800 m programme, historic non-43-101 resources of 479,000 t @ 5.3 g/t and 1.0 Mt @ 5.0 g/t, plus the Ironwood 43-101 deposit; Rouyn-Merger; Salt Spring in Arizona; Gem Hills in Nevada for REE exploration; and Lyndhurst.

According to Q3-2025 balance sheet data provided for context, the company held C$8.87M in cash with no debt, C$38.8M in equity, and a book value of C$0.69 per share based on 56.09M shares outstanding.