Globex Reports that Royalty Partner Radisson is Commencing an Advanced Underground Exploration Project at the O’Brien Project Where Globex Owns Two Royalties

TORONTO, Aug. 24, 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 Exchanges and GLBXF – OTCQX International in the US) is pleased to announce that on ground (Exhibit 1) covered by its 1% GMR New Alger Royalty and 2% NSR Kewagama Royalty, Radisson Mining Resources has reported the commencement of an advanced underground exploration program on the O’Brien Project. A C$57.16 million investment by Agnico Eagle Mines Limited into Radisson will support this underground exploration program on Radisson’s O’Brien Project. The program is intended to provide geological, geotechnical an operational information required to evaluate the mining options and future development scenarios of the O’Brien Project. The underground program is expected to include the development of an access ramp, related underground and surface mine infrastructure, and water management facilities. Radisson reported that engineering and permitting work will commence immediately. Radisson will continue to execute its 140,000 metre step out drill program. It is important to note that Globex has 100% ownership of the Cadillac Wood project which is immediately to the east of Radisson’s O’Brien project.