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

Globex Mining Enterprises Inc.

February 01, 2010 09:30 ET

Globex's Rare Earth Property Returns Significant Assays

ROUYN-NORANDA, QUEBEC--(Marketwire - Feb. 1, 2010) - GLOBEX MINING ENTERPRISES INC. (TSX:GMX)(FRANCFORT:G1M)(PINK SHEET:GLBXF) is pleased to provide shareholders with assay results from surface grab sampling of outcrops and possibly large boulders for rare earth elements on our 100% owned Turner Falls property in Villedieu Township, Quebec approximately 45 kilometres east of Kipawa.

Fifteen (15) rock samples were analysed for, among other things, trace elements including rare earths. Many of the assays are anomalous and two are very anomalous in Heavy and Light Rare Earths and Yttrium as indicated in the table below:



-------------------------------------------------------
Sample 12375 Sample 29469
-------------------------------------------------------
TREO+Y 4.57% 3.60%
-------------------------------------------------------
HREO+Y 1.58% 0.53%
-------------------------------------------------------
Ratio: HREO+Y/TREO+Y 34.6% 14.7%
-------------------------------------------------------


Note: TREO+Y=Total Rare Earth Oxides plus Yttrium

HREO+Y=Heavy Rare Earth Oxides plus Yttrium

When evaluating rare earth assays, the higher the ratio of heavy rare earth oxides to the total rare earth oxide content, the better the potential of the prospect. The ratios of the two samples above, indicate positive exploration potential. In addition, the two samples assayed 5.62% and 4.09% Zirconium Oxide (ZrO2) respectively and the first sample contained 1.15% Niobium Oxide (Nb2O5).

The Turner Falls area was prospected in the 1950's and a showing of rare earths, niobium oxide and uranium was discovered in Grenville rocks. Reports in Quebec Government files indicate an average of 8.05% Rare Earths Oxides and 2.04% Niobium Oxide in 4 samples (GM6623-A) taken over a strike length of at least 400 meters (GM 43492).

The Turner Falls Property is part of the over 20,000 hectare Hunter's Point Property where a number of showings of uranium and gold have produced assays of up to 7.7% U3O8 and 1.1 oz/ton gold. In addition, recent work has located showings of anomalous and high grade rare earth values on the property in areas other than the Turner Falls showing.

Below are tables reporting in parts per million (ppm) the abundance of rare earths elements in the 15 samples (1000 ppm= 1 g/t).



------------------------------------------------------------
Light Rare Earths
------------------------------------------------------------
Lanthanum Cerium Praseodymi Neodymium Samarium
Sample # (La) (Ce) um (Pr) (Nd) (Sm)
------------------------------------------------------------
12370 39.9 163 10.6 38.9 10.1
------------------------------------------------------------
12371 14.1 37.6 4.73 21 7.2
------------------------------------------------------------
12372 3.1 26 1.59 7.9 4
------------------------------------------------------------
12373 82.4 285 20.7 65.9 11.4
------------------------------------------------------------
12374 2.6 8.8 0.92 3.7 2
------------------------------------------------------------
12375 4980 11900 1510 5720 1450
------------------------------------------------------------
29468 81.8 1190 27.8 102 31.6
------------------------------------------------------------
29469 6770 12800 1440 4400 850
------------------------------------------------------------
29470 183 385 43.3 147 25.8
------------------------------------------------------------
29471 122 321 31.1 108 24.1
------------------------------------------------------------
29472 57.9 146 14.8 52.4 11.7
------------------------------------------------------------
29473 3.8 15.3 1.02 3.7 1.4
------------------------------------------------------------
29474 16.9 86 6.53 30.4 11.5
------------------------------------------------------------
29475 26.8 50.8 5.83 20.4 4.3
------------------------------------------------------------
29476 9.6 19.5 2.64 10.7 2.6
------------------------------------------------------------


------------------------------------------------------------------
Heavy Rare Earths
------------------------------------------------------------------
Sample# Europium Gadolinium Terbium Dysprosium Holmium
(Eu) (Gd) (Tb) (Dy) (Ho)
------------------------------------------------------------------
12370 1.1 10.9 2.5 17.7 3.9
------------------------------------------------------------------
12371 0.77 8.6 2 14.3 3.2
------------------------------------------------------------------
12372 0.77 5.2 1.5 10.5 2.3
------------------------------------------------------------------
12373 1.05 7.4 1.2 6.5 1.4
------------------------------------------------------------------
12374 0.42 4 1.3 11.3 3
------------------------------------------------------------------
12375 154 1260 263 1770 369
------------------------------------------------------------------
29468 3.5 37 9.7 68.8 15.1
------------------------------------------------------------------
29469 73 573 91.3 508 101
------------------------------------------------------------------
29470 2.19 19.5 3.7 24.5 5.4
------------------------------------------------------------------
29471 3.28 20.9 4.7 33.4 7.7
------------------------------------------------------------------
29472 0.58 9.6 1.6 9.6 1.9
------------------------------------------------------------------
29473 0.22 1.7 0.5 3.4 0.8
------------------------------------------------------------------
29474 1.42 13.3 3 20.6 4.5
------------------------------------------------------------------
29475 0.2 3.7 0.7 4.3 0.9
------------------------------------------------------------------
29476 0.8 2.4 0.4 2.8 0.6
------------------------------------------------------------------


--------------------------------------------------------
Heavy Rare Earths
--------------------------------------------------------
Sample# Erbium Thulium Ytterbium Lutecium
(Er) (Tm) (Yb) (Lu)
--------------------------------------------------------
12370 12.6 2.13 14.4 1.99
--------------------------------------------------------
12371 10.7 1.85 12.8 1.85
--------------------------------------------------------
12372 7.5 1.32 8.4 1.1
--------------------------------------------------------
12373 4.8 0.98 7.8 1.56
--------------------------------------------------------
12374 11.8 2.06 15.2 2.44
--------------------------------------------------------
12375 1150 174 1100 138
--------------------------------------------------------
29468 48.8 8.49 59.5 8.65
--------------------------------------------------------
29469 292 42.4 281 41.3
--------------------------------------------------------
29470 17.7 3.07 21.1 3.06
--------------------------------------------------------
29471 26 4.43 29.5 4
--------------------------------------------------------
29472 5.5 0.82 5.8 0.97
--------------------------------------------------------
29473 2.7 0.51 3.9 0.6
--------------------------------------------------------
29474 14.5 2.34 15 1.94
--------------------------------------------------------
29475 3.1 0.53 3.9 0.68
--------------------------------------------------------
29476 1.6 0.24 1.6 0.26
--------------------------------------------------------


----------------------------------------------------------------------------
Other Elements
----------------------------------------------------------------------------
Sample# Yttrium (Y) Zirconium (Zr) Hafnium (Hf) Thorium (Th) Uranium (U)
----------------------------------------------------------------------------
12370 104 2230 54.5 119 9.9
----------------------------------------------------------------------------
12371 86 1190 26.3 19.3 7.2
----------------------------------------------------------------------------
12372 51 236 6.2 31.5 7.9
----------------------------------------------------------------------------
12373 40 1680 47.8 116 14.2
----------------------------------------------------------------------------
12374 61 45 1.7 16.2 50.2
----------------------------------------------------------------------------
12375 6700 41600 1060 3105 1550
----------------------------------------------------------------------------
29468 273 4620 98.7 171 60.1
----------------------------------------------------------------------------
29469 2360 30300 679 898 197
----------------------------------------------------------------------------
29470 127 1230 26.9 20.5 11.9
----------------------------------------------------------------------------
29471 172 1240 31.4 60.3 10.3
----------------------------------------------------------------------------
29472 49 1140 24.5 8.3 2.4
----------------------------------------------------------------------------
29473 20 120 5.1 10.3 3.1
----------------------------------------------------------------------------
29474 134 778 16.4 33.9 3.9
----------------------------------------------------------------------------
29475 28 860 17.7 4.8 1.8
----------------------------------------------------------------------------
29476 16 72 1.7 0.9 0.7
----------------------------------------------------------------------------


Sample preparation was done by Laboratoires Expert located at 127 Industrial Boulevard, Rouyn-Noranda, Quebec. Pulps were sent to Activation Laboratories Ltd. At 1336 Sandhill Drive, Ancaster,Ontario for fusion and analysis. Fused samples are diluted and analyzed by Perkin Elmer Sciex ELAN 9000 ICP/MS. Three blanks and five controls (three before sample group and two after) are analyzed per group of samples. Duplicates are fused and analyzed every 15 samples. The instrument is recalibrated every 40 samples.

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)
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 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

19,215,074 shares issued and outstanding

Contact Information