Globex Mining Enterprises Inc. provided shareholders with an update on exploration by Falco Resources Limited on Globex's Donalda Royalty Property. Shareholders are reminded that Globex sold the former Donalda Gold Mine property to Falco in September 2017 for $300,000, 350,000 Falco shares, 350,000 five year Falco warrants and a 2.5% Gross Metal Royalty. Falco is undertaking a significant exploration program on the Donalda property.

2018 Donalda Exploration Program. On December 21, 2017, the company closed a $8.5 million private placement financing to fund its 2018 exploration program. The bulk of the placement proceeds will be spent on the Donalda property and surrounding properties located near Horne and Quemont.

The Donalda property is located 800 metres east of the Horne 5 deposit. In 2017, about 4,700 metres were drilled on the Donalda property, results are pending. The drilling consisted of testing the extensions of the known mineralization and confirming historical results.

A preliminary NI 43-101 resources calculation will be initiated. Given its close proximity to the Horne 5 deposit, potential underground mineralization would be accessible from the Horne 5 future underground infrastructure. The Donalda targets consists of a gold quartz vein system, however the volcanogenic massive sulfide potential remains to be tested.