Globex's Mooseland Royalty Property Returns High Grade Gold
ROUYN-NORANDA, QUEBEC -- (Marketwire) -- 04/18/11 -- GLOBEX MINING ENTERPRISES INC. (TSX: GMX)(FRANKFURT: G1M)(OTCQX: GLBXF) is pleased to inform shareholders that NSGold Corporation (TSX VENTURE: NSX) has reported numerous intersections of high grade gold assays over widths typical of the Mooseland Gold Mine property on which Globex retains a 4% Gross Metal Royalty (GMR) and the right to receive shares equal to 5% of the issued stock of NSGold upon commercial production and an additional payment of $250,000 at September 1st, 2011.
Assays are reported in an NSGold press release dated April 18, 2011 and include values of 122.15 g/t Au over 2.2 metres including 243.73 g/t Au over 1.1 metres and 36.93 g/t Au over 2.0 metres including 61.18 g/t Au over 1.2 metres. (See NSGold press release for details)
We Seek Safe Harbour. Foreign Private Issuer 12g3 - 2(b)
CUSIP Number 379900 10 3
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 expectations and projections of Globex Mining Enterprises Inc. ('Globex'). No assurance can be given that any events anticipated by the forward-looking information will transpire or occur, or if any of them do so, what benefits Globex will derive therefrom. A more detailed discussion of the risks is available in the 'Annual Information Form' filed by Globex on SEDAR at www.sedar.com.
22,027,675 shares issued and outstanding
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.
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