Globex Mining Enterprises Inc.

Published : February 18th, 2009

Acquires Leipsigate Gold District, Nova Scotia

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Keywords :   Canada | Gold |

GLOBEX Acquires Leipsigate Gold District, Nova Scotia

ROUYN-NORANDA, QUEBEC, CANADA -- Feb. 18, 2009 - GLOBEX MINING ENTERPRISES INC. (TSX: GMX) (FRANKFURT: G1M) (PINK SHEETS: GLBXF) is pleased to inform shareholders that it has acquired 100% interest in most of the Leipsigate Gold District in Lunenberg County, Nova Scotia.

The property covers an area of 2,168 hectares and includes numerous narrow gold zones and at least 7 historic shafts, the deepest of which reached a depth of approximately 100 metres.

One of the important gold bearing structures on the property is the "Main Fissure Vein" which has been traced and projected to be in excess of 9,000 metres in length, the southwestern extension of which has not been explored due to overburden cover.

Numerous small gold bodies, with high grade assays greater than one half ounce per tonne gold, are reported by previous property owners.

An evaluation by W.A. MacPherson in April 1984 for Coxheath Gold Holdings Limited and reported in Coxheath's 1986 Annual Report states the following : "The MacPherson Evaluation described previously, also gives an inferred mineral reserve on the Main Fissure Vein of 423,265 tonnes grading 11.7 gram per tonne gold between the MicMac and Gilmor-Queen shaft to the 300 metre level. Dr. Riddell, in an internal report, labelled Evaluation of the Leipsigate Property dated November 1983, estimated the potential mineral reserves in the same block to be 612,000 tonnes grading 13.7 to 17.1 grams per tonne gold. Dr. Riddell further indicates the possibility of enrichment and widening of the gold bearing zones occurring where the Main Fissure Vein intersects the numerous bedded veins and angular known to exist on the property."

Globex qualified personnel do not classify the historical estimate projection as current mineral resources or reserves and Globex is not treating the historical estimate as current mineral resources or reserves. The historical estimate should not be relied upon.

The Main Fissure Vein is just one of many gold bearing veins known on the property.

This press release was written by Jack Stoch, P. Geo. President and CEO of Globex in his capacity as a Qualified Person Q.P.

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 Companies expectations and projections. A more detailed discussion of the risks is available in the "Annual Information Form" filed by the Company on SEDAR at www.sedar.com

CONTACT INFORMATION:

Globex Mining Enterprises Inc.
Jack Stoch, P.Geo., Acc.Dir.
President & CEO
819-797-5242
Fax: 819-797-1470
info@globexmining.com
www.globexmining.com

Renmark Financial Communications Inc.
Dan Symons : dsymons@renmarkfinancial.com
Jason Roy : jroy@renmarkfinancial.com
Montreal - Tel.: 514 939-3989 / Fax: 514 939-3717
Toronto - Tel.: 416 644-2020 / Fax: 416 644-2021
www.renmarkfinancial.com

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Data and Statistics for these countries : Canada | All
Gold and Silver Prices for these countries : Canada | All

Globex Mining Enterprises Inc.

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CODE : GMX.TO
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Globex Mining is an exploration zinc and copper company based in Canada.

Globex Mining holds various exploration projects in Canada.

Its main asset in development is FABIE BAY in Canada and its main exploration properties are LYNDHURST, POIRIER MINE, BATEMAN BAY, BEAUCHASTEL-ROUYN, LAGUERRE-KNUTSON-RAVEN RIVER, DUPRAT, SMITH-ZULAPA, HALLIWELL & BM PROPERTIES, TONNANCOUR, VICTORIA GOLD PROJECT, LAKE SIMON, TRANSTERRE, WRIGHTBAR GOLD PROPERTY, TUT ZONE, FONTANA GOLD PROJECT, EAGLE GOLD PROPERTY, ARNTFIELD, COURVILLE PROJECT, DELORO, GAYHURST, FISH LAKE, BUCKELL LAKE, MAGNESIUM-TALC, SUFFIELD MINE, RAMP (MAUDE LAKE), GRAND CALUMET, HUNTERS POINT, VULCAN (GOLD DIKE) - GLOBEX, WEMINDJI, GRANDROY, LEIPSIGATE, LA MOTTE, PACAUD, MOOSELAND, BLACKCLIFF, BELL MOUNTAIN, PARBEC, DUVAY ZONE, AUTHIER, RUSSIAN KID (EL COCO), GETTY DEPOSIT, WOOD - PANDORA, NORDEAU GOLD, FABIE BAY AND MAGUSI RIVER, CENTRAL CADILLAC, LAMY MICA and JACOBIE in Canada.

Globex Mining is listed in Canada and in Germany. Its market capitalisation is CA$ 21.5 millions as of today (US$ 15.8 millions, € 14.0 millions).

Its stock quote reached its lowest recent point on January 07, 2000 at CA$ 0.09, and its highest recent level on December 15, 2006 at CA$ 7.76.

Globex Mining has 48 900 000 shares outstanding.

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