Mont Sorcier Project Making Good Progress

ROUYN-NORANDA, Quebec, Oct. 20, 2025 (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 provide shareholders with a brief update as regards the Mont Sorcier high purity iron deposit on which Globex retains a one percent (1%) Gross Metal Iron Royalty. The following is a short text from today’s Cerrado Gold’s press release in which they provided further information on progress at Mont Sorcier. They have made significant progress drilling 17,000 metres of infill in order to update the resource to the Proven and Probable categories and provide a feasibility study by Q2, 2026. The text of the Cerrado press release is presented below in its entirety.