Globex Mining Enterprises Inc.
TSX : GMX
PINK SHEETS : GLBXF
FRANKFURT : G1M

Globex Mining Enterprises Inc.

January 22, 2008 11:50 ET

Globex: False TV ad Creates Uncertainty

ROUYN-NORANDA, QUEBEC, CANADA--(Marketwire - Jan. 22, 2008) - GLOBEX MINING ENTERPRISES INC. (TSX:GMX)(FRANKFURT, STUTTGART, BERLIN, MUNICH:G1M)(OTCQX:GLBXF).

I woke up this morning and it was -24oC in Rouyn-Noranda where Globex has its offices. Unfortunately, it was hotter in Germany in part due to a false ad headline on N-TV in Germany stating that Globex was possibly insolvent.

This is completely untrue and I would direct investors to paragraph 2 of Globex's press release dated December 18, 2007 in which I reveal our financial situation. The only significant change is that the value of our share portfolio has gone down somewhat due to the ongoing international market meltdown.

We have cash and are starting to receive royalty income from First Metals, approximately $100,000 this month alone. We are in good shape. In fact, we have probably never been in better shape.

Globex has suffered in the market from falling metal prices, shorters and a gold price that, although it went up, did not translate into gains for the junior mining and exploration sector. Now we are getting hit by this cheap shot by whoever posted the ad on N-TV.

We have contacted N-TV and are asking to have the ad removed. We will also consult legal council in Germany and the Frankfurt Exchange as regards this matter.



We Seek Safe Harbour. Foreign Private Issuer 12g3 - 2(b)
CUSIP Number 379900 10 3


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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 Company's expectations and projections.

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