Globex Mining Enterprises Inc.

Globex Mining Enterprises Inc.

April 12, 2006 11:48 ET

Globex Starts Drilling Raven River Property

ROUYN-NORANDA, QUEBEC--(CCNMatthews - April 12, 2006) - GLOBEX MINING ENTERPRISES INC. (TSX:GMX)(FRANKFURT:G1M)(PINK SHEETS:GLBXF) is pleased to inform shareholders that it is starting a drill program on Globex's 100% owned Raven River gold property near Larder Lake, Ontario.

The Raven River gold target is a series of highly altered syenite intrusives which previously were mined on a limited scale via a shaft, internal winze and seven levels. Mining was restricted to seven of the larger gold bearing quartz veins although the syenite is highly altered and fracture filled by numerous quartz veins. In addition, the altered syenites are bounded to the north and east by a wide zone of quartz bearing fuchsitic carbonate which also may have untested gold potential.

Lastly, records indicate that the syenite intrusives are associated with large lamprophyre dykes. These also have exploration potential as demonstrated by the discovery of a macro diamond fragment within a lamprophyre dyke on the same property (Press Release October 17, 2005).

The drill program will consist of at least two large diameter holes positioned to traverse the entire geological package including the altered syenites and fuchsitic carbonates. All core will be split and analyzed in order to determine the distribution and concentration of gold values.

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

15,620,640 shares issued and outstanding

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