SOURCE: Globex, Inc.

January 31, 2007 08:30 ET

Globex, Inc. Finalizes Acquisition of 222 Uranium Mining Claims in Northern Quebec

NEW YORK, NY -- (MARKET WIRE) -- January 31, 2007 -- Globex, Inc. (PINKSHEETS: GLXI) today announced that it has finalized the acquisition of 222 Uranium Mining Claims in the Province of Quebec, Canada. The Claims are located about 200 miles south of the Ungava Bay, North of Quebec, near the town of Tasjujaq. They are situated in the 24L01 area adjacent to the exploration sites owned by two mining corporations, namely Uranor Inc. and Canadian Royalties Inc.

Shareholders may view the precise location of the claims via the following link:

Currently, Globex, Inc. has structured its operations into various teams. The Company's Geologists are evaluating the historical reports that were available to decide where to commence the initial drilling at the site. The Investor Relations Department is in the process of creating a Corporate Website, which will be launched within one week. The Department has also started to file all the necessary regulatory disclosure documents that will be available, upon completion, on the Corporate Website. Lastly, Globex, Inc. is developing a proposal for current and prospective investors with respect to raising the working capital required for the commencement of drilling.

For more information please contact Michel Benoit at (514) 288-8494 or via e-mail at

Forward-Looking Statements

Please be advised that statements made herein, other than historical data, constitute forward-looking statements that involve risks and uncertainties that could cause actual results to differ materially from those stated or implied by such forward-looking statements. The potential risks and uncertainties include, among others, potential volatility in the company's stock price, increased competition, customer acceptance of new products and services offered by the company, and uncertainty of future revenue and profitability and fluctuations in its quarterly operating results. Please also be advised that the company's stock is not currently registered with the Securities and Exchange Commission.

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