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GMR

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TSXV:GMR TSX Venture Common Stock
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Globex Options Bell Mountain Gold Project in Nevada to Laurion

29/06/2010 2:16pm

Marketwired Canada


GLOBEX MINING ENTERPRISES INC.  (TSX:GMX)(FRANKFURT:G1M)(OTCQX:GLBXF)(PINK
SHEETS:GLBXF)  and its wholly owned subsidiary Globex Nevada, Inc. have entered
into an option agreement with Laurion Mineral Explorations Inc. (LME-TSXV) and
their wholly own subsidiary Laurion Mineral Exploration USA LLC ("Laurion")
whereby Laurion may earn 100% interest in Globex's Bell Mountain Gold Project in
Churchill County, Nevada.


Under the agreement, at signing, Laurion will pay an initial $10,000 and deliver
1,700,000 Laurion shares. Laurion has the option, over the first 24 months of
the agreement, to pay $30,000 and issue 2,000,000 shares and, over 5 years,
perform $3,000,000 in exploration and/or development. In addition, Globex
maintains a sliding-scale Gross Metal Royalty ("GMR") on all mineral production
(gold, silver, etc.) benchmarked against the price of gold (1% GMR at a gold
price under US$500/troy oz, 2% GMR at a gold price between US$500 and
US$1200/troy oz and 3% GMR at a gold price over US$1200/troy oz).


The agreement includes a 7.5 km area of interest from the outside boundary of
the original Globex block of 26 claims. Laurion has already expanded the project
area from the original claim block to a total of 145 claims.


The Bell Mountain property contains a historical, non NI 43-101 gold resource.
Laurion states that "A study of abundant drilling data and underground workings
from the Property suggests that the resource calculated by N.A. Degerstrom Inc.
in 1991, is open to significant expansion and could be increased considerably,
both laterally and at greater depth". In addition, Laurion have announced that
they "plan to begin a drilling program to develop the resource both laterally
and deeper". 


For additional details, please consult Laurion's press release of today's date.

This press release was written by Jack Stoch, P. Geo., President and CEO of
Globex in his capacity as a Qualified Person (Q.P.) under NI 43-101.




We Seek Safe Harbour.              Foreign Private Issuer 12g3 - 2(b) 
                                   CUSIP Number 379900 10 3           



 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


20,197,674 shares issued and outstanding

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