GLOBEX MINING ENTERPRISES INC. (GMX - Toronto Stock Exchange, G1MN - Frankfurt, Stuttgart, Berlin, Munich, Tradegate, Lang & Schwarz, LS Exchange, TTMzero, Dusseldorf and Quotrix Dusseldorf Stock Exchanges and GLBXF - OTCQX International in the US) announces that it has entered into an asset purchase agreement (the 'Agreement') with Edison Lithium Corp. (TSXV: EDDY; OTCQB: EDDYD; FSE: VV00) dated July 11, 2023, pursuant to which the Edison shall acquire from Globex the rights to certain alkali dispositions located in Ceylon Lake, Freefight Lake and Cabri Lake, in the southern part of the Province of Saskatchewan (collectively, the 'Alkali Dispositions').

The shares to be issued in connection with the Agreement shall be subject to a statutory hold period of four months from the date of issuance. The Agreement, including the issuance of the shares and all other transactions contemplated by the Agreement, remain subject to all required regulatory approvals, including the acceptance of the TSX Venture Exchange

The Alkali Dispositions acquired by Globex are Globex's first venture into Saskatchewan. Sodium sulphate has been reported to occur on all the acquired assets. Sodium sulphate has many uses including in papermaking, glass, textiles, heat storage, etc. New applications within the battery industries are currently being developed.

Contact:

Tel: 819.797.5242

Fax: 819.797.1470

Forward Looking Statements

Except for historical information, this news release may contain certain 'forward looking statements'. These statements may involve a number of known and unknown risks and uncertainties and other factors that may cause the actual results, level of activity and performance to be materially different from the expectations and projections of Globex Mining Enterprises Inc. ('Globex'). No assurance can be given that any events anticipated by the forwardlooking information will transpire or occur, or if any of them do so, what benefits Globex will derive therefrom. A more detailed discussion of the risks is available in the 'Annual Information Form' filed by Globex on SEDAR at www.sedar.com

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