Globex Mining Enterprises Inc.

Globex Mining Enterprises Inc.

November 21, 2006 01:30 ET

Globex Options Rousseau Gold Project

ROUYN-NORANDA, QUEBEC--(CCNMatthews - Nov. 21, 2006) - GLOBEX MINING ENTERPRISES INC. (TSX:GMX), (Frankfurt, Stuttgart, Berlin, Munich, Xetra:G1M)(PINK SHEETS:GLBXF) wishes to inform shareholders that it has entered into an option agreement whereby Consolidated Big Valley Resources Inc. (CBG - TSXV) can purchase 100% interest in Globex's Rousseau gold property. Under the agreement which is subject to regulatory approval, Globex will receive $30,000 on signing and a further $35,000 within 60 days, 100,000 shares of Consolidated Big Valley, and a 6% Net Metal Royalty on all mineral production from the claims. A minimum $30,000 a year Net Metal Royalty shall apply after the first 18 months of the agreement.

Previous work on the claims has consisted of several drill campaigns, surface mapping and sampling, a 428-metre ramp with 188 metres of crosscuts which was driven to a vertical depth of 91.4 metres on the Principal Vein, a series of mini bulk samples and underground sampling. The underground sampling returned impressive gold values over the vein structure including the following samples by Ressources Minieres Canaco Ltee reported in 1983.

Level 60: 3 metres x 1.0 metre 9.66 g/t Au
Level 100: 12 metres x 1.05 metres 7.18 g/t Au
Level 130: 6 metres x 1.0 metre 7.18 g/t Au
5 metres x 1.0 metre 72.45 g/t Au
Level 200: 34 metres x 1.0 metre (raise) 22.97 g/t Au
9 metres x 1.0 metre 6.86 g/t Au
Level 220: 33 metres x 1.0 metre 22.22 g/t Au
6 metres x 1.0 metre 13.71 g/t Au
6 metres x 1.0 metre 5.55 g/t Au
Level 290: 12 metres x 1.0 metre 14.74 g/t Au
9 metres x 1.0 metre 11.66 g/t Au

A historic non conformable NI 43-101 resource of 39,600 tonnes grading 13.71 g/t Au (0.34 oz/T Au) was reported by OP Resources in 1985 as being accessible from the ramp. This resource figure should not be relied upon as it was calculated prior to the implementation of NI 43-101 standards.

There are several other parallel gold bearing vein systems exposed on the property as well as gold intersections in drill holes along strike. The Principal gold vein is untested at depth below the ramp and there are indications of gold values along strike and in parallel vein structures.

For more detailed information, please refer to Consolidated Big Valley's press release of today's date.

Globex is particularly pleased with this agreement because of Consolidated Big Valley's interest in rapidly advancing the project to production and their intent to quickly undertake exploration on the property.

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
16,407,050 shares issued and outstanding

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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