SOURCE: Brookmount Explorations Inc.

June 14, 2005 09:56 ET

Brookmount Explorations Completes Agreement With Globex Mining for 100% Interest in Eastern Canadian Gold Property

VANCOUVER, BC -- (MARKET WIRE) -- June 14, 2005 -- Brookmount Explorations Inc. (OTC BB: BMXI) ( today announced that it has completed an agreement with Globex Mining Enterprises Inc. (TSX: GMX) (OTC: GLBXF) to acquire a 100% interest in Globex's Mooseland Gold Deposit Property in Halifax County, Halifax, Nova Scotia.

The Mooseland Gold Deposit Property was formerly subject to an option by Azure Resources Corp., which was terminated on June 1st, 2005, due to Azure's failure to comply with the required financial commitments as specified by Globex. Under the terms of the agreement, Brookmount will provide Globex with 500,000 shares of BMXI, together with two scheduled cash payments:

$ 250,000 CAD payable on or before July 1st, 2005, and
$ 750,000 CAD payable on or before September 30th, 2005.
The Mooseland Deposit Property is an advanced gold project with defined gold zones with both shaft and ramp access. It is located 75 kms northeast of Halifax, Nova Scotia, and consists of 40 claims within 1,600 acres, including 164 diamond drill holes, a 125-metre, 3-compartment shaft, tailings pond and an addit plus underground extension initiation. Over $ 11 million CAD has been expended on the property, which has yielded over 3,865 ounces of gold from 9,058 tons of material (0.43 oz/t). The former operators indicate a resource of 2 million tons grading 0.39 oz/t gold. Further drilling will be necessary to properly evaluate underground sampling and to confirm the presence of the inferred resource.

Brookmount's initial key gold/silver property is the Mercedes 100 Project situated in central Peru, 200 kilometres east of Lima along the geological trend hosting the prolific Arequipa Gold Deposit. The Company is continuing with the development of this major resource project. The Company's mission is to discover, define and develop a portfolio of key resource properties throughout North and South America. For more information, please contact Mr. Zaf Sungur, Chief Operating Officer at (604) 676-5244. Email at: Web:

Safe Harbor:

This news release may include forward-looking statements within the meaning of Section 27A of the United States Securities Act of 1933, as amended, and Section 21E of the United States Securities and Exchange Act of 1934, as amended with respect to achieving corporate objectives, developing additional project interests, the Company's analysis of opportunities in the acquisition and development of various project interests and certain other matters. These statements are made under the 'safe harbor' provisions of the United States Private Securities Litigation Reform Act of 1995 and involve risks and uncertainties which could cause actual results to differ materially from those in the forward-looking statements herein.

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