Globex Mining Enterprises Inc.
TSX : GMX
OTCQX : GLBXF
FRANKFURT : G1M

Globex Mining Enterprises Inc.

December 31, 2012 13:31 ET

Globex Announces Third and Final Closing of Private Placement for an Additional $241,607

ROUYN-NORANDA, QUÉBEC--(Marketwire - Dec. 31, 2012) -

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GLOBEX MINING ENTERPRISES INC. (TSX:GMX)(FRANKFURT:G1M)(OTCQX:GLBXF) is pleased to announce that it has held a third closing of its previously-announced private placement by issuing an aggregate of 161,540 "flow-through" shares at a price of $1.30 per share, for gross proceeds to Globex of approximately $210,002, and by issuing 30,100 common shares at a price of $1.05 per share, for gross proceeds to Globex of $31,605. Globex issued the shares to "accredited investors" in Ontario, Newfoundland and Labrador and in the United States. Globex will use the proceeds from the issuance of the "flow-through" shares for exploration on certain of its properties in Québec and Ontario. The proceeds from the issuance of the common shares will be used for working capital.

Casimir Capital Ltd. and Marquest Capital Markets were acting as co-lead agents for the private placement.

The shares issued today are subject to a four-month "hold period" ending on April 29, 2013 under applicable Canadian securities legislation. As a result of the third and final closing, Globex has 27,896,018 common shares issued and outstanding.

27,896,018 shares issued and outstanding

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 current Company's "Annual Information Form" available on SEDAR at www.sedar.com

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