Globex Mining Enterprises Inc. Announces Normal Course Issuer Bid

Globex Mining Enterprises Inc.

ROUYN-NORANDA, QUÉBEC--(Marketwired - March 8, 2018) - GLOBEX MINING ENTERPRISES INC. (TSX:GMX)(FRANKFURT:G1MN)(STUTTGART:G1MN)(BERLIN:G1MN)(MUNICH:G1MN)(XETRA:G1MN)(OTCQX:GLBXF) is pleased to announce that the Toronto Stock Exchange ("TSX") has approved Globex's normal course issuer bid ("NCIB"). Under the NCIB, Globex will be entitled to repurchase for cancellation up to 1,000,000 common shares, representing 2.15% of Globex's "public float" as of March 7, 2018, over a twelve-month period starting on March 12, 2018 and ending on March 11, 2019. The purchases by Globex will be effected through the facilities of the TSX and on other alternative trading systems in Canada, and will be made at the market price of the shares at the time of the purchase. Globex has 51,053,577 common shares issued and outstanding as of March 7, 2018, of which 46,594,486 shares constitute the "public float".