Globex Mining Enterprises Inc.

Globex Mining Enterprises Inc.

March 12, 2008 15:27 ET

Globex Royalty Properties: Additionnal Gold Intersection in the Boucher Gold Zone

New Zinc Zone and Production Ramp up at Tennessee Mine

ROUYN-NORANDA, QUEBEC, CANADA--(Marketwire - March 12, 2008) - GLOBEX MINING ENTERPRISES INC. (TSX:GMX) (FRANKFURT, STUTTGART, BERLIN, MUNICH, XETRA:G1M)(OTCQX:GLBXF) is pleased to inform shareholders that Rocmec Mining Inc. (TSX VENTURE:RMI), today, announced additional gold intersections in the Boucher Gold Zone on Globex's Russian Kid royalty property and Strategic Resource Acquisition Inc. (SRZ-T) yesterday reported a new zinc zone and progress toward production in Tennessee.

Rocmec reported that hole RU-02-08 intersected a 20.1 metre wide mineralized zone in which two quartz veins assayed 52.01 g/t Au over 0.61 metres and 13.35 g/t Au over 0.91 metres at the -245 metre level. This is the seventh intersection of the Boucher Gold Zone and Rocmec intends to drill an additional 10 holes before proceeding with development.

For further details, see Rocmec's press release of today's date.

Also yesterday, Strategic Resource Acquisition Inc. announced the following:

"Production at the Gordonsville mine continues to ramp up, from approximately 1,000 tons per day in January to over 2,000 tons per day in February. In excess of 51,000 tons of ore was blasted in February compared with 37,000 tons in January.

At last report, percussion test drilling with three drill rigs had outlined significant zinc mineralization in excess of 3% Zn over notable widths at the 29 south and 08 areas. The 08 area was a newly identified zone not included in the current resource inventory where 57,000 tons have been drilled off to date and the zone remains open.

During February, a fourth drill rig was added for over 14,000 feet of test drilling completed. Another significant zone has been identified in the 03 area, located just 3,000 feet west of the main shaft, also incremental to the current mineral inventory. Intersections include 54 feet of 4.1% Zn, 66 feet of 2.97% Zn, 36 feet of 4.33% Zn and 120 feet of 4.0% Zn. Drilling has also just begun in the 40 west area with early indications of potential of 24 feet of 3% Zn and 18 feet of 3.5% Zn.

Production is expected to continue to ramp up throughout March concurrent with first concentrate being generated from the mill".

For further details, see SRA's press release of yesterday's date.

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