Globex Mining Enterprises Inc. announced additional positive assays from the Perseus Nickel Zone discovered in 2024 adjoining to the southeast of Globex's Tyrone Property located in the Eeyou Istchee (James Bay) region of Quebec. The previously reported drill results on the Perseus discovery includes the following as reported by Azimut: 2.98% Ni, 0.32% Cu, 2.25 g/t PGE over 8.0 m, incl. 3.74% Ni, 0.41% Cu, 2.82 g/t PGE over 6.0 m (channel); 1.10% Ni, 0.15% Cu, 1.02 g/t PGE over 9.0 m, incl.

1.42% Ni, 0.19% Cu, 1.36 g/t PGE over6.0 m (channel);1.64% Ni, 0.11% Cu, 1.12 g/t PGE over8.5 m incl. 3.55% Ni, 0.19%. 2.19 g/t PGE over 2.5 m incl.

3.,55% Cu, 2.19 g/t pGE over 2.5 m; and 0.90% Ni, 0.32 g/t PGE over9.05 m (Hole KUK24-001); 8.42% Ni, 0.,55% Cu, 7.25 g/t P GE over 1.9 m (Hole KUK 24-002); 0.81% Ni, 0.52 g/t PGE over 24.2 m, incl. 1.63% Ni, 0.14% Cu, 1.61 g/t PGE over 1.25 m; and 3.46% Ni, 0.21% Cu, 2.44 g/t PGE over 0.75 m (Hole KUK 2024-003); 6.06% Ni, 0.38% Cu, 3.34 g/t PGE over2.6 m incl. 19.6% Ni, 0.81% Cu, 9.43 g/t PGE over0.75 m; and 3.18% Ni, 0.15%.

Cu, 1.17 g/t PGE over1.7 m (Hole KUK23-007). In a press release dated May 29, 2025, Azimut announced the assay results of " thirty (30) selected high-grade nickel samples from the Perseus Nickel Zone, all with grades higher than 3.0% Ni ranging from 3.46% to 19.60% Ni, were analysed for the complete suite of PGE (Platinum Group Elements), including platinum (Pt), palladium (Pd), and the rarest PGEs, rhodium (Rh), iridium (lr), ruthenium (Ru) andosmium (Os). These nickel samples are commonly associated with high palladium grades ranging from 1.16 g/t Pd to 12.15 g/t Pd, and high platinum grades up to 3.65 g/t Pt.

These samples also returned significant grades for the rarest PGEs. with up to 1.16 g/t Rh, 0.43 g/t Ir, 2.75 g/t Ru and 0.45 g/t Os, adding significant potential value to the Perseus Zone. For indicative purposes only, the current market prices for some of the PGE's are: rhodium: USD 5,325/oz.; iridium: USD 4,150/oz., platinum: USD 1,088/oz., palladium: USD 9,998/oz.

and ruthenium: USD 6,615/oz. (prices as of May 27, 2025; source Johnson Matthey.com). Gold and tellurium contents are also anomalous, with grades up to 1.13 g/tAu and 32.1 g/t Te respectively.

The additional assay data indicates greater potential value to the additional assay data indicates greater potential potential value to the current market prices for some. The additional assay data indicates great value to the current market prices of the PGE's potential value to the current market price of the PGE's potential to the current market prices for the Perseus Zone.