TORONTO, May 05, 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 provide an update regarding its Kewagama royalty claims, located on Radisson Mining Resources Inc.'s Kewagama Gold Mine portion of the O'Brien Gold Project. Globex retains a 2% NSR royalty on the Kewagama Gold Mine Property.
Deepest Hole Ever Drilled on the Project
On April 30, 2026, Radisson reported, among other drill holes, hole OB-26-384. This hole intersected significant intercepts of high-grade gold at a vertical depth of 1.9 kilometers, marking the deepest hole ever drilled on the project. Hole OB-26-384 intersected 4.54 g/t gold over 12.0 m (core length), including 16.85 g/t gold over 1.0 m, 12.87 g/t gold over 1.0 m, and 7.21 g/t gold over 2 m, including 9.91 g/t gold over 1 m. The intersection lies within the down-dip and plunge of Trend 1, near the western limit of Globex's Kewagama royalty.
Trends Extending onto Kewagama Claims
Trend 1 plunges steeply to the east toward Globex's Kewagama royalty claims, with the potential that gold mineralization may extend onto the claims. Additionally, gold Trend 2 crosses onto Globex's Kewagama royalty claims at depths between 1,250 m and 1,500 m. Trends 3 and 4 are wholly located on the Globex Kewagama royalty claims, having only been drilled to depths of 500 m to 650 m, and remain open at depth. To the east of Trend 4, very little drilling has occurred until the Kewagama royalty claims abut Globex's 100% owned Central Cadillac and Wood Gold Mines property.
Significant Value Increase Expected
Globex considers that the Kewagama royalty claims will gain significant value as Radisson continues to drill on the property. Radisson reported that 22% of scheduled production of 740,000 oz. Au is attributable to the Kewagama property in their July 9, 2025, PEA. Subsequently, Radisson informed Globex that 20.6% of the resource update on March 2, 2026, totaling 2.32 million ounces Au, was on the Globex Kewagama royalty claims.
Additional Royalty and Qualified Person Statement
It is worth noting that Globex also holds a 1% NSR royalty on the eastern portion of the O'Brien Gold Project, the Thompson Cadillac (New Alger) Gold Mine, which has only been explored to a depth of approximately 500 meters.
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 basis of this written disclosure.
We Seek Safe Harbour. Foreign Private Issuer 12g3 – 2(b) CUSIP Number 379900 50 9 LEI 529900XYUKGG3LF9PY95
For further information, contact: Jack Stoch, P.Geo., Acc.Dir., Executive Chairman & CEO, Globex Mining Enterprises Inc., 120 Carlton Street, Unit 219, Toronto, Ontario, Canada M5A 4K2, Tel.: 819.797.5242, Fax: 819.797.1470, info@globexmining.com, www.globexmining.com
