GLOBEX MINING ENTERPRISES INC. announced that Globex has entered an Option agreement with Edison Lithium Corp. on Globex gold properties, Joutel North-West gold and Gagne gold and copper for a $750,000 in cash payments, $750,000 in Edison shares and $2,000,000 in exploration expenditures over a 3-year period. After Edison has completed all obligations Globex will retain a 3% Gross Metal Royalty (GMR) on both properties.

The deal terms are summarized below: On agreement execution Edison must pay to Globex, $100,000 in cash and $150,000 in shares of Edison on TSXV approval. On May 1, 2027 Edison must pay to Globex. There are 46 mining claims on the Joutel North-West property and 24 mining claims on the Gagne property in the Eeyou-Istchee James Bay Territory of Quebec, about 65 km south-west of Matagami and 8 km northwest of the former mining village of Joutel.

The property is accessible by highway 109 and a there is high voltage power to the former producing Agnico Eagle Gold mine Eagle - Telbel nearby. The properties are situated along the South Break of the Casa Berardi Structural zone adjacent to several past producing mines including the Globex-owned Poirier mine (historic production of 4.39 Mt grading 1.97% Cu, 1.84% Zin and 4.66 g/t Ag) and Joutel Copper Mine (historic production of 1.17 Mt grading 2.16% Cu) and Agnico's first gold mine the Eagle - Telbel -Eagle West deposits which had historic production of approximately 1.1 million ounces from 6.2 Mt grading 5.8 g/t. Agnico closed the Eagle Telbel mine in 1993. Globex currently owns the Eagle Mine which is under option to Maple Gold Mines.

Orford Mining (now Alamos Gold) last worked the Joutel North West property 2022-2023, principally focused on quartz Carbonate and Sulphides associated gold mineralization at the South Gold Zone. Not like the historic Eagle Telbel deposits, exploration of the South Gold Zone has shown that a greater concentration of sulphides is directly correlated to higher gold grades on the property. Some of the drilling highlights from the South Gold Zone drilling by Orford Mining are shown below and in Exhibits 2 and 3: 23-JE-004 returned 1.6 m grading 4.1 g/t Au and 30.1 m @ 1.1g/t Au.

23-JE-015 returned 54.7 m @ 1.1 g/t Au. 22-JE-003 returned 20.64 m @ 1.11 g/t Au including 4.15 m @ 1.78 g/t Au and 0.64 m @ 14.7 g/t Au. 23-E-008 returned 15.7 m @ 1.7 g/t Au and 14.2 m @ 2.2g/t Au.

23.2 m @ 2. 2 g/t Au. 23 -JE-008 returned 1.2 m @ 2.3 g/t Au.