Globex Enters Option Agreement on its Ramp/Maude Lake Gold Property in Ontario

TORONTO, May 12, 2026 (GLOBE NEWSWIRE) -- GLOBEX MINING ENTERPRISES INC.  (GMX – Toronto Stock Exchange, G1MN – Frankfurt, Stuttgart, Berlin, Munich, Tradegate, Lang & Schwarz, LS Exchange, TTMzero, Düsseldorf and Quotrix Düsseldorf Stock Exchanges and GLBXF – OTCQX International in the US) is pleased to announce that Globex has entered an Option agreement with 1001565486 Ontario Inc., ((Ontario Inc.), private) on Globex's RAMP/Maude Lake gold property located southeast of the Timmins Ontario area (see Globex press release dated May 31, 2016 for information on the RAMP/Maude Lake property). Ontario Co. will pay $4.7 million in cash payments, $1.05 million in Ontario Inc. shares, and complete $6.0 million in exploration work expenditures on the Ramp/Maude Lake property over four years. At the end of the option agreement Globex will retain a 3% Gross Metal Royalty GMR royalty with a buy down to 2% GMR for $1.5 million, applicable to the property and an area of influence of one (1) km around the property boundaries.