Globex updates drilling on Berrigan royalty asset

Update on Drilling on Globex’s Berrigan Mine Royalty Asset TORONTO, May 29, 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 Exch anges and GLBXF – OTCQX International in the US) is pleased to report that Tomagold Corporation (LOT-TSXV, TOGOF-OTCPK) has provided an update as regards recent drilling on the Berrigan Mine claims in the Chibougamau area of Quebec. The Berrigan Mine claims and a large number of others are under option from Chibougamau Independent Mines Inc. Globex retains 2% Gross Metal royalty on all mineral production from the large package of claims. Phase 1 drilling intersected the historical Berrigan Mine mineralization but also in two drill hole TOM-25-015 and Tom-25-014 intersected 5.08 ZnEq (1.19 g/t AuEq over 98.5 m including 23.20% ZnEq over 4.90 m from the new lower zone and 24.85% ZnEq (5.83 AuEq) over 2.1 m in the Berrigan zone and 13.68 ZnEq (3.17 g/t AuEq) over 1.4 m in the new lower zone respectively as previously reported by TomaGold.

See “Notes” below for basis of grades calculations. Table 1: Results from drill holes TOM-025-14 and TOM-025-15 on the Berrigan Mine project Notes: The reported widths represent core lengths. True width is estimated to be approximately 80-85% of the core length, depending on the deviation angles.

Phase 2 drilling was focused upon extending 5 drill holes TOM-25-009 to TOM 25-013 inclusive in order to intersect the new zone as the previous drilling was focused upon the historical shallower mineralization. In TomaGold’s press release dated May 28, 2026, Tomagold reports “The program, which focused on extending drill holes TOM-25-009 through TOM-25-013, was designed to test the core of modelled conductive plates at depth and evaluate the potential of the Berr