High-Grade Gold Near Surface at Duquesne West Including 7.0 g/t over 24.8 m

TORONTO, Nov. 04, 2026 (GLOBE NEWSWIRE) -- GLOBEX MINING ENTERPRISES INC. (GMX – Toronto Stock Exchange, G1MN – Frankfurt, Stuttgart, Berlin, Munich, Tradegate, Lang & Schwarz, LS Exchange, TTMzero, Düsseldorf and Quotrix Düsseldorf Stock Exchanges and GLBXF – OTCQX International in the US) is pleased to announce that Emperor Metals Inc. (Emperor) have reported results from six drill holes from their 2026 drill campaign at the Duquesne West Project, which is under option from Duparquet Assets Ltd, a 50% owned subsidiary of Globex, and in which Emperor may earn 100% interest subject to cash and share payments, a gross metal royalty and other terms and conditions as announced on October 12, 2022 by Globex. The 2026 program was comprised 20,479 metres of new drilling and approximately 8,000 metres of targeted historical core resampling. With the resumption of a 3,000 - 5,000 metre drilling program Emperor is targeting up to 33,000 metres of new data to further refine and expand the resource model from the 2026 drill program.

Duquesne West Drilling Results Highlights:

• Near-surface gold intersections:
  • DQ26-61 returned 7.0 g/t gold over 24.8 m (81.36 ft) from approximately 85 m vertical depth.
  • DQ26-57 returned 8.7 g/t gold over 8.40 m (27.55 ft) from approximately 41 m vertical depth.
  • DQ26-63 returned 4.0 g/t gold over 18.9 m (62.00 ft) from approximately 100 m vertical depth.
  • DQ26-59 returned 6.1 g/t gold over 8.60 m (28.21 ft) from approximately 46 m vertical depth.
  • DQ26-62 returned 2.6 g/t gold over 11.4 m (37.40 ft) from approximately 57 m vertical depth.
    

• More results to come: 83% of the drill holes have now been reported (55 of 66 holes). of the assay results expected, the results received to-date represent 61% of the total assays expected from the broader 2025-26 drill season which includes the historic core resampling program.
• Emperor has announced that it has resumed its fully funded diamond drilling program, with an additional 3,000 to 5,000 metres planned, building on the 20,479 metres completed in 2026 to date.
• The goal of the drilling completed to date and the new drilling is to complete a new NI 43-101 Mineral Resource Estimate and a PEA in the near term.
  
  

More than 142,000 metres of drilling have been completed at Duquesne West, including historical drilling dating back to the 1930s. Emperor believes that these latest results strengthen the project’s geological foundation and support Emperor’s objective of advancing toward a preliminary economic assessment (PEA) in the near term.

Discussion

The drilling and assay results received continue to refine the geological understanding of Duquesne West and strengthen the technical foundation supporting the Company's conceptual open-pit development strategy. By integrating AI-assisted geological modelling with the ongoing interpretation of drill results, Emperor is identifying underexplored structural controls that are extending mineralization both near surface and at depth. Where these structural controls intersect, drilling continues to delineate thicker, higher-grade zones within the broader mineralized envelope. The recent recognition of abundant free gold throughout the deposit provides additional upside potential for both grade and contained ounces, further enhancing the project's exploration and development potential.

Together, these advances are helping the Company refine its exploration priorities, assess the relationship between higher-grade zones and broader bulk-tonnage mineralization, and establish a stronger basis for future resource evaluation. The current drilling program is designed to advance both resource-growth opportunities and geological confidence as Emperor works toward its longer-term goal of delineating a multi-million-ounce gold resource. Exhibits 1-4 illustrate the placing of the shallow high-grade gold intercepts found in this release and the potential economic implications on the phase 1 open pit.

Next Steps

• There continues to be many additional assay results pending, providing a steady pipeline of near-term exploration catalysts on the Duquesne West Project.
• An additional 3,000 to 5,000 m of diamond drilling has started.
• Use the results to define and expand mineralization, targeting additional ounces both within the current resource footprint and through step-out and expansion drilling with our ongoing drilling campaign.
• Planning for selective overburden stripping across a conceptual Phase 1 open pit to expose mineralization for detailed geological mapping, structural interpretation, and pit optimization. Overburden is < 5 m depth.
• Future PEA with an updated NI 43-101 Mineral Resource Estimate for Duquesne West
  
  

For details on the exploration work completed by Emperor Metals Inc. on the Duquesne West project please refer to its November 3, 2026, press release by clicking here.

Exhibit 1. Location of the drill holes reported in this news release at Duquesne West.

Exhibit 2. Key intercepts in this release, figure shows the significant thickness and grade of intercepts in a conceptual Phase 1 open pit. These shallower starter pits can have the effect of improving the economics of the project by inherently lower stripping ratios and quicker payback periods.

Exhibit 3. The drill holes presented are limited to the conceptual phase 1 area and intended to illustrate the potential for smaller initial open pics with inherently lower stripping ratios. Note: thickness and grade are inserted in the inset table.

Exhibit 4. Interpreted mineralized lenses within and below the conceptual phase 1 pit shell at Duquesne West highlighting targets for follow–up drilling

David Christie, P.Geo., President and COO of Globex, in his capacity as a Qualified Person (Q.P.) under Ni 43-101, prepared the information that forms the basis of this written disclosure utilizing the information and data in the November 3, 2026, Emperor Metals Inc. press release.

We Seek Safe Harbour.	Foreign Private Issuer 12g3 – 2(b)
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For further information, contact:
David Christie, P.Geo. President and COO Globex Mining Enterprises Inc. 120 Carlton Street, Unit 219 Toronto, Ontario, Canada M5A 4K2	Tel.: 819.797.5242 Fax: 819.797.1470 info@globexmining.com www.globexmining.com

Caution Regarding Forward-Looking Statements

Certain statements included in this press release may constitute “forward-looking statements” within the meaning of applicable Canadian securities laws. Except as may be required by such laws, Globex Mining Enterprises Inc. (“Globex”) does not undertake any obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. Forward-looking statements, by their very nature, are subject to numerous risks and uncertainties. As a result, actual results could differ materially from Globex’s expectations expressed in or implied by such forward-looking statements. No assurance can be given that any events anticipated by the forward-looking statements will materialize, or if any of them do, what benefits Globex will derive therefrom. Numerous risk factors which may cause actual results to differ materially from expectations expressed in or implied by the forward-looking statements are discussed in Globex’s annual information form for the 2025 fiscal year filed with the Canadian securities regulatory authorities, available on SEDAR+ at www.sedarplus.ca and on Globex’s website at www.globexmining.com.

Globex cautions readers that such risks are not the only ones that could impact it. Additional risks and uncertainties not currently known to Globex or that Globex currently deems to be immaterial may have a material adverse effect on Globex’s business, financial condition, and results of operations. Given these risks and uncertainties, Globex cautions investors and others against placing undue reliance on such forward-looking statements as a prediction of future results or for any other purpose. This press release does not constitute or form a part of any offer or solicitation to purchase or subscribe for securities in the United States. The securities referred to herein have not been and will not be registered under the Securities Act of 1933, as amended (the “1933 Act”), or with any securities regulatory authority of any state or other jurisdiction in the United States, and may not be offered or sold, directly or indirectly, within the United States or to, or for the account or benefit of, U.S. persons (as such term is defined in Regulation S under the 1933 Act), except pursuant to an exemption from or in a transaction not subject to the registration requirements of the 1933 Act.

Photos accompanying this announcement are available at:
https://www.globenewswire.com/NewsRoom/AttachmentNg/0d1c4d51-ae34-4e9c-a9f8-13c641900578
https://www.globenewswire.com/NewsRoom/AttachmentNg/6a005735-8402-4519-9dea-b60cfa606562
https://www.globenewswire.com/NewsRoom/AttachmentNg/5250892f-1bc2-4253-87d3-cc07bed68d7a
https://www.globenewswire.com/NewsRoom/AttachmentNg/abd2b813-50c1-4e08-9083-eb0e70d9827d

Exhibit 1 Location of the drill holes reported in this news release at Duquesne West.Exhibit 2 Key intercepts in this release, figure shows the significant thickness and grade of intercepts in a conceptual Phase 1 open pit. These shallower starter pits can have the effect of improving the economics of the project by inherently lower stripping ratios and quicker payback periods.Exhibit 3 The drill holes presented are limited to the conceptual phase 1 area and intended to illustrate the potential for smaller initial open pics with inherently lower stripping ratios. Note: thickness and grade are inserted in the inset table.Exhibit 4 Interpreted mineralized lenses within and below the conceptual phase 1 pit shell at Duquesne West highlighting targets for follow–up drilling