Globex Reports Election of Directors
ROUYN-NORANDA, QUEBEC--(Marketwired - Jun 1, 2016) - Globex Mining Enterprises Inc. (TSX:GMX)(FRANKFURT:G1M)(STUTTGART:G1M)(BERLIN:G1M)(MUNICH:G1M)(XETRA:G1M)(OTCQX:GLBXF) wishes to announce that the five nominees listed in the management information circular for the 2016 Annual Meeting of Shareholders (the "Meeting") held earlier yesterday were elected as directors. The detailed results of the votes received are set out below:
| Name of Nominee | Votes for | % of votes | Votes Withheld | % of votes |
| Jack Stoch | 13,837,371 | 99.63 | 50,968 | 0.37 |
| Dianne Stoch | 13,822,871 | 99.57 | 59,468 | 0.43 |
| Chris Bryan | 13,857,339 | 99.82 | 25,000 | 0.18 |
| Ian Atkinson | 13,747,458 | 99.03 | 134,881 | 0.97 |
| Johannes H. C. van Hoof | 13,844,839 | 99.73 | 37,500 | 0.27 |
Voting also approved the appointment of Deloitte LLP as the Corporation's auditors and the amendment to the 2006 Stock Option Plan.
Final voting results on all matters voted on at the Meeting will be filed on SEDAR at www.sedar.com.
Globex continues to expand its property holdings with over 140 assets including gold, base metals, industrial minerals and specialty metals and elements as well as royalties. Globex generates revenue from option payments from third parties who are exploring certain of our assets. Globex expects to have an active exploration season in 2016.
| We Seek Safe Harbour. | Foreign Private Issuer 12g3 – 2(b) |
| CUSIP Number 379900 50 9 |
44,797,706 shares issued and outstanding
Contact
Globex Mining Enterprises Inc.
Jack Stoch, P.Geo., Acc.Dir.
President & CEO
819.797.5242
819.797.1470
info@globexmining.com
www.globexmining.com