Update on Drilling on Globex's Berrigan Mine Royalty Asset

• Berrigan Mine Royalty Asset Update: The most recent release (May 29, 2026) details Phase 1 drilling results from TomaGold Corporation on the Berrigan claims in Quebec, where Globex holds a 2% Gross Metal royalty.
• Drilling Intercepts: Significant intersections were reported including Hole TOM-25-014 (up to 41.79% ZnEq / 9.80 g/t AuEq) and Hole TOM-25-015 (98.50 m @ 5.75% ZnEq).
• Phase 2 Exploration: Drilling is underway to extend holes targeting the "Berrigan Deep Zone," accompanied by planned geophysical surveys (BHEM, UTEM, AMT) to map deep structural corridors.
• Carp Property Expansion: A preceding release (May 26, 2026) confirmed high-grade fluorspar assays at Globex's Carp property and noted a 150% increase in property size following an option agreement with Evion Group NL.
• Historical Context: These results follow earlier Berrigan announcements from January, February, March, and April 2026 which established the initial high-grade envelope and deep zone potential.

• Continuity of Thesis: The May 29 news confirms the continuity of the "Berrigan Deep Zone" discovery announced in earlier 2026 releases. It validates the exploration model but does not introduce a fundamentally new asset class or resource estimate that would drastically alter valuation models immediately.
• Royalty Monetization Potential: While positive, the materiality is tempered by the fact that this is an optioned property (TomaGold). Globex's revenue depends on TomaGold successfully developing and producing from these zones. The drilling results are encouraging but do not guarantee production or royalty income without further resource definition and feasibility work by the partner.
• Market Expectations: Given the string of positive exploration updates throughout Q1 and Q2 2026 (Virgin Mountain REE, Nordeau Gold, Lac Escale Lithium), the market has already priced in a high level of exploration success. This news is consistent with expectations rather than exceeding them significantly enough to warrant a "Material - Positive" rating over "Routine".
• Stock Price Reaction: The stock price has corrected from its February 2026 peak ($2.86) to the current $2.11 range, suggesting that previous exploration news was already absorbed. This update serves as a stabilizer rather than a catalyst for a new breakout.

• Business Model: Globex operates primarily as a royalty and exploration company, holding interests in over 30 properties across Canada and the US. The model relies on option agreements where partners fund exploration in exchange for royalties or earn-in rights.
• Flagship Projects:
  • Berrigan Mine (Quebec): Zinc-Gold-Silver royalty asset showing high-grade deep zone potential.
  • Mont Sorcier (Quebec): Iron project with a bankable feasibility study nearing completion, targeting the green steel market.
  • Nordeau Royalty Claims (Quebec): High-grade gold discovery by Cartier Resources on Globex's royalty claims.
  • Virgin Mountain (Arizona): Rare Earth and Beryllium property optioned to Arizona Mountain Pass with confirmed HREE mineralization.
• Owned Assets: Includes Blackcliff Gold Mine (100% owned) and Rouyn-Merger Gold Property, providing direct exploration upside alongside the royalty portfolio.