Globex Mining Enterprises Inc.

Globex Mining Enterprises Inc.

September 19, 2007 01:00 ET

Globex Anticipates Copper Revenue

ROUYN-NORANDA, QUEBEC--(Marketwire - Sept. 19, 2007) - GLOBEX MINING ENTERPRISES INC. (TSX:GMX) (FRANKFURT, STUTTGART, BERLIN, MUNICH, XETRA:G1M) and (OTCQX:GLBXF) is pleased to inform shareholders that First Metals Inc. (TSX:FMA) has announced the tonnage and grade of the first bench to be mined from the existing Fabie Bay open pit. The internally calculated measured mineral resource of the first bench, Bench 030, is estimated at 99,800 tonnes grading 2.25% copper including 10,563 tonnes of dilution grading 0.73% copper.

At a mill recovery rate of 92%, it is anticipated that 4.4 million pounds of payable copper will be produced after smelting of the concentrate. Copper is currently quoted at $ 3.40 US per pound.

Globex anticipates receiving a 2% of the copper produced under our agreement with First Metals and after recovery by First metals of $ 10 million dollars of capital, an additional 10% net profit interest on subsequent production.

First Metals Inc. anticipates shipping ore shortly, as soon as up-grades to the Xstrata Horne mill are completed.

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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 Company's expectations and projections.

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