Globex to Start Drilling on Turner Falls Rare Earths Property

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GMX.TO0.395-0.01

ROUYN-NORANDA, QUEBEC--(Marketwire -06/29/12)- GLOBEX MINING ENTERPRISES INC. (GMX.TO)(G1M.F)(GLBXF) is pleased to inform shareholders that drilling is scheduled to commence within the next week on eight priority targets identified on our 100% owned Turner Falls rare earths property in Quebec.

Extensive surface sampling, geological mapping and geophysical surveys have outlined a number of areas of mineralization with high, heavy and light rare earth values (see press releases dated January 17, 2012, Dec 6, 2011, etc.).

 

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

23,749,779 shares issued and outstanding

Contact:

Jack Stoch, P.Geo., Acc.Dir.
President & CEO
Globex Mining Enterprises Inc.
819.797.5242
819.797.1470 (FAX)
info@globexmining.com
www.globexmining.com

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