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

Globex Mining Enterprises Inc.

November 16, 2006 11:54 ET

Globex: Assays From New Boucher Gold Zone

ROUYN-NORANDA, CANADA--(CCNMatthews - Nov. 16, 2006) - GLOBEX MINING ENTERPRISES INC. (TSX:GMX)(G1M-Frankfurt, Stuttgart, Berlin, Munich, Xetra)(PINK SHEETS:GLBXF) is pleased to provide shareholders with assay results from the new Boucher gold zone at the Russian Kid Gold Mine.

Rocmec (RMT-V) has informed Globex that hole RS-06-01 intersected two significant gold intersections within the new Boucher Gold Zone as follows:



------------------------------------------------------------------------
From (m) To(m) Length (m)(i) Au g/t Imperial Measurements
------------------------------------------------------------------------
489.50 493.70 4.20 12.10 (0.35 oz/T Au over 13.8 ft)
------------------------------------------------------------------------
519.03 522.80 3.77 3.91 (0.11 oz/T Au over 12.4 ft)
------------------------------------------------------------------------
(i) close to true width


For more detailed information on drill hole RS-06-01, please consult the Rocmec press release of today's date.

Globex has not seen the drill core so we are not in a position to comment further on the intersection other than to say that we are pleased with the new discovery which seems to be wider than other gold zones on the property and look forward to further drill results.

This press release was written by Jack Stoch in his capacity as a Qualified Person (Q.P.).



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

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