Globex Mining Enterprises Inc. update regards work from the 2007 Summer season on Globex's 100% owned Hunters Point property. Work undertaken by Noront Resources Ltd. on Globex's Hunters Point Property in 2007, while the property was under option to them, included ground geophysics (scintillometer and Beep Mat surveys) and geological follow-up. A new showing area termed the Coconut Club was discovered which returned significant values for uranium, gold, silver, lanthanum, cerium and yttrium. Surface samples assayed up to 864 ppm U, 7.94 g/t Au, 33.1 g/t Ag, greater than 10,000 ppm REE (La + Ce), the upper limit of the assay method, and greater than 500 ppm Y. This showing is part of a long radiometric anomaly which extends over a length of at least 2.5 km both north and south of the showing and connects to the south with Aurizon Mines Snake North showing (see Aurizon's press release date November 8, 2007) which assayed up to 0.20% U308, 0.09% LREE, 0.30% HREE and 0.67% Yttrium. Close by but also to the South of Globex's Coconut showing, Aurizon recently announced the discovery of the Snake South showing with up to 7.89% LREE (light rare earth elements), 0.40% HREE (heavy rare earth elements) and 0.35% yttrium and the Snake Center showing with values of up to 0.32% U308, 0.16% LREE, 0.73% HREE and 1.98% Y. The discovery of these showings, over a strike length of some 2 kilometers in the same geological package as the Coconut Club showing and Globex's largely untested 2.5 km long radiometric anomaly, bodes well of the potential of the area for uranium, rare earths and precious metals. At the original Hunters Point showing on the opposite side of a large regional fold or basinal structure, rock samples collected by Noront assayed up to 1.96 g/t Au and 5.22 g/t Au while uranium assays on individual samples ran 0.11% U, 0.12% U, 0.12% U, 0.16% U, 0.20% U, 0.23% U, 0.46% U and 0.70% U in a rock package believed to be the same as that enclosing the Coconut Club and other newly discovered showings.