Globex, Inc. Announces Significant Concentrations of Uranium from Geologic Report on Grenville Claims

Corporate Website Scheduled to be Launched Today.

Globex, Inc. (GLXI: Pink Sheets), today announced key technical details from the Geologic Report that was published yesterday on 94 of the Company's uranium claims situated in Grenville, Quebec, Canada. This announcement is in response to the considerable number of shareholder demands for a simplified and more understandable version that summarizes the major findings of the Geologic Report. The simplified Geologic Report statement is as follows:

1) The results indicated a possible 544,000 tons in reserves in 2 areas
on our claims.

2) In zone 1, results from samples indicated a Uranium value ranging
from 0.005 to 0.197%U308. In zone 2, the samples demonstrated a
Uranium concentration of 1.4%U308.

3) These claims are located in the historic geologic area of
"Greenville" South West Quebec, specifically in sector 31 J.

Management expects to publish additional geologic reports soon that are based on its previously acquired 326 Uranium Mining Claims in Northern Quebec, Canada.

Globex also announced that it will launch its corporate website at approximately 12:00 pm EST today. Shareholders may access the website at: www.umining.com. Management stated: "We hope our site will assist in providing more information to our shareholders, and our staff will endeavor to respond to every email inquiry that we will receive in the next couple of days."

The Company will continue to operate under the name "Globex Energy, Inc." until it receives formal approval for its name change to "U Mining Resources Inc." and a new CUSIP number from the relevant Governing authorities. Any similarities with the names of other Mining companies that contain the word "Globex" is purely coincidental and the said companies are not in any way linked to Globex Energy, Inc.'s activities.

Forward-Looking Statements

Please be advised that statements made herein, other than historical data, constitute forward-looking statements that involve risks and uncertainties that could cause actual results to differ materially from those stated or implied by such forward-looking statements. The potential risks and uncertainties include, among others, potential volatility in the company's stock price, increased competition, customer acceptance of new products and services offered by the company, and uncertainty of future revenue and profitability and fluctuations in its quarterly operating results. Please also be advised that the company's stock is not currently registered with the Securities and Exchange Commission.


Source: Globex, Inc.