Globex's Nova Scotia Properties to Be Explored
ROUYN-NORANDA, QUEBEC -- (Marketwire) -- 06/30/10 -- GLOBEX MINING ENTERPRISES INC. (TSX: GMX)(FRANKFURT: G1M)(OTCQX: GLBXF)(PINK SHEETS: GLBXF) is pleased to inform shareholders that NS Gold Corporation (formerly Kermode Capital Ltd.) was listed today on the Toronto Venture Exchange (TSXV) under the symbol NSX. NS Gold Corporation is the company which recently optioned Globex's Mooseland gold deposit in Nova Scotia along with a number of other Nova Scotia gold projects.
NS Gold Corporation recently (June 23, 2010) announced completion of a $4.1 million equity raise the funds of which will be spent acquiring, exploring and developing Globex's properties in Nova Scotia. A first option payment of $250,000 has been received.
Globex is pleased that the Nova Scotia projects will now be advanced and looks forward to the exploration and development of efforts of NS Gold Corporation.
In other Nova Scotia news, Globex has commenced a drill program on its 100% owned MacKinnon gold property in Lunenburg County. Surface sampling returned significant gold assays. A series of drill holes will test related geophysical anomalies to a shallow depth.
This press release was written by Jack Stoch, P. Geo., President and CEO of Globex in his capacity as a Qualified Person (Q.P.) under NI 43-101.
We Seek Safe Harbour. Foreign Private Issuer 12g3 - 2(b)
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Forward Looking Statements
Except for historical information this News Release may contain certain 'forward looking statements'. These statements may involve a number of known and unknown risks and uncertainties and other factors that may cause the actual results, level of activity and performance to be materially different from the Companies expectations and projections. A more detailed discussion of the risks is available in the 'Annual Information Form' filed by the Company on SEDAR at www.sedar.com
20,197,674 shares issued and outstanding
Contacts:
Globex Mining Enterprises Inc.
Jack Stoch, P.Geo., Acc.Dir.
President & CEO
819-797-5242
819-797-1470 (FAX)
info@globexmining.com
www.globexmining.com