Globex Announces Election of Directors

ROUYN-NORANDA, QUEBEC--(Marketwired - Jun 12, 2014) - Globex Mining Enterprises Inc. (TSX:GMX)(FRANKFURT:G1M)(OTCQX:GLBXF) wishes to announce that the five nominees listed in the management information circular for the 2014 Annual and Special Meeting of Shareholders (the "Meeting") held earlier today were elected as directors. The detailed results of the votes received are set out below:

35.9% of the potential votes were cast. All other proposals put forward for approval by shareholders were approved by similar margins.

Final voting results will be filed on SEDAR at www.sedar.com.

Globex welcomes Mr. Hans van Hoof to the Board. Hans is the President and CEO of two junior precious metal exploration companies. He has held senior positions at various European financial institutions, including PVF Pension Funds, Paribas Capital Markets and Bankers Trust. His roles during the past 22 years include senior Portfolio Manager, senior Risk Manager, Deputy Head of global equity derivatives, Managing Director responsible for M&A arbitrage, derivatives arbitrage and venture capital investments as well as Chairman and Senior Executive Officer of Soros Funds Limited in London. In 2002, Mr. van Hoof founded VHC Partners alternative investment management group, active in hedge fund management, corporate and project finance advisory services, private equity investments and charitable projects.

Mr. Van Hoof replaces Mr. Joel Schneyer on the Board who is heavily occupied in other of his management responsibilities. Globex thanks Joel for his service over the past years and wishes to acknowledge his significant contributions to the Board and Company.

40,793,755 shares issued and outstanding