Globex Mining Enterprises Inc.

Globex Mining Enterprises Inc.

October 12, 2005 15:27 ET

Globex Terminates Brookmount's Mooseland Option

ROUYN-NORANDA, QUEBEC--(CCNMatthews - Oct. 12, 2005) - GLOBEX MINING ENTERPRISES INC. (TSX:GMX)(PINK SHEETS:GLBXF) wishes to announce that it has terminated Brookmount Explorations Inc.'s option on Globex's Mooseland Gold Mine property in Halifax County, Nova Scotia.

Brookmount paid Globex an initial 500,000 shares due upon signature but had failed to meet any of the cash payment requirements despite several extensions.

Globex has received several enquiries regarding Mooseland and has entered into negotiations regarding an option of the property.

14,033,538 shares issued and outstanding

We seek safe harbour. Foreign Private Issuer 12g3 - 2(b)
CUSIP Number 379900 10 3

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