Globex Mining Enterprises Inc.

Globex Mining Enterprises Inc.

November 09, 2006 11:38 ET

Globex: New Gold Zone Intersected at Russian Kid

ROUYN-NORANDA, CANADA--(CCNMatthews - Nov. 9, 2006) - GLOBEX MINING ENTERPRISES INC. (TSX:GMX)(FRANKFURT:G1M)(PINK SHEETS:GLBXF) is pleased to inform shareholders that Rocmec Mining Inc. (RMI-V) has informed Globex that the first of 4 drill holes on Globex's Russian Kid royalty property in Dasserat township, Quebec, "has intercepted several mineralized structures ranging from 1.16 to 34.75 metres. Moreover, in addition to intercepting at depth the previously known structures close to surface (McDowell, Talus and Shaft) a new mineralized structure, now known as Boucher, located at a depth of 400 metres (1,300 feet) with an apparent thickness of 34.75 metres was intercepted. The structures contain quartz veins with the presence of pyrite, characterizing the zones in an evident manner. Within the new Boucher structure, several visible submillimetre- to millimetre-size gold specks were observed from within the diamond drill core that identifies the new structure."

Globex has vended the Russian Kid property to Rocmec but maintains a 5% Net Metal Royalty on the first 25,000 ounces of gold produced from the property as well as a 3% Net Metal Royalty on all other gold or other mineral production. Net Metal Royalty is defined as the agreed upon percentage of metal not subject to cost of any kind, payable at Globex's option either in cash or kind. In addition, Globex owns over 1 1/2 million Rocmec shares.

Globex has not seen the drill core and can not comment on its relative importance. Mr. Claude Duplessis, qualified person under NI43-101 norms prepared the release of technical information for Rocmec.

Due to the nature of the mineralization (free gold), very exacting methods are being applied and results shall be released upon availability.

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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