Globex Mining Enterprises Inc.

Globex Mining Enterprises Inc.

December 08, 2009 13:18 ET

Globex's Nordeau Royalty Property Significant Gold Intersections

ROUYN-NORANDA, QUEBEC--(Marketwire - Dec. 8, 2009) - GLOBEX MINING ENTERPRISES INC. (TSX:GMX)(FRANKFURT:G1M)(PINK SHEETS:GLBXF) is pleased to inform shareholders that Plato Gold Corp. (TSX VENTURE:PGC) has reported two intersections of significant gold mineralization at the Nordeau Gold Property, optioned from Globex.

Nordeau's press release of today's date reports the following intersections spaced 150 meters apart.

Hole # Interval Length (m) Au (g/t)
NE 09-01 5.50 14.35
NE 09-02 6.70 8.01

Assays are pending from several additional drill holes.

Globex retains a 2% Gross Metal Royalty (i.e. two percent of any gold produced with no charges whatsoever) and a 10% Net Profit Interest on any mineral production from the property. In addition, 1.5 million Plato shares are due to Globex over the next 2 years and cash payment of $125,000, $75,000 and $100,000 on December 31st, 2009, 2010 and 2011 respectively.

Shareholders are directed to Plato's press release of today's date for further details.

Assaying was done by ALS-Chemex Laboratories Ltd. of Val D'Or, Quebec, an accredited laboratory.

This press release was written by Jack Stoch, P. Geo. President and CEO of Globex in his capacity as a Qualified Person (Q.P.) under NI 43-101.

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