The claims are 100% owned by Globex Mining Enterprises. They are located in a rural area of New Brunswick and total 896 hectares. The property includes all or part of the Iron Ore Hill, Moody Hill, Sharpe Farm and Maple Hill Deposits which are part of a series of manganiferous banded iron formations that collectively constitute one of the largest manganese-iron resources in North America.

Approximately 5 Kilometers northwest of Woodstock in Carlton County, New Brunswick, Canada. The area is easily accessible from the Trans Canada Highway via all weather roads.

Globex owns 100% of a large scale Manganese-Iron deposit in mining friendly New Brunswick, Canada, that contains a a significant historical resource of the strategic element Manganese.

In 2011, Globex drilled two holes to test the Iron Hill deposit.The holes were oriented back to back due to the physical characteristics of the topography and access issues. Assays show four wide zones totaling 116.54 m (382.35ft) of manganese (Mn) and iron (Fe) mineralization as indicated below.

Horizon Mn% Grade(Mn) Fe% Grade(Fe) Length(m)

A 10.18 15.48 19.24
B 11.17 16.75 19.92
C 10.45 12.51 20.72
B+C* 9.8 13.90 48.30
D 8.7 11.60 49.00
* Includes lower grade material between the B and C Horizons.

Globex also undertook limited initial hydro-metallurgical work on surface samples from the property. The limited data indicated that elevated percentages of dissolution of the Manganese can be achieved with no special precautions such as a reducing atmosphere.

Conclusion:
The encouraging results from phase one exploration have demonstrated the potential for outlining of an important Mn-Fe deposit. Globex intends to undertake additional work on this project.

The Manganese Market:

• Manganese is listed as a key Strategic Metal for military hardware according to the US DOD 4th largest traded metal worldwide with no substitutes.
• 90% of manganese is used by the steel industry.
• Annual average growth forecast at 6% over the next 5 years -20% increase in price forecast over the next 5 years -North America is 100% dependent on imported Manganese.

Globex’s asset has the potential in resource to become a major source of manganese for the North American market.

Source: Global industry markets and outlook, 12th Edition, 2012, www.financialsense.com

The ferro-manganese rich units associated with the Woodstock deposits are hosted within the Late Ordovician to Early Silurian Whitehead Formation and the conformably overlying Smyrna Mills Formation.The Mn-Fe mineralization was deposited during the Taconic Orogeny by precipitation of Mn, Fe and Si within a shallow marine transgression-regression wedge.These manganiferous horizons extend for a strike length of 8 kilometers on Globex's claims.

The Woodstock region has experienced periodic efforts to outline resources and small scale production. The deposits were exploited for iron from 1848 to 1884. A reported 70,000 tons iron ore was smelted onsite by 1884.

In 1953 Stratmat Limited staked a large package of claims including the claims now held by Globex, and a large drilling program was undertaken. Six iron-manganese bodies were identified in the area of which all or parts of four are located on the Globex claims.A historical non NI 43-101 resource of approximately 194,000,000 tons grading +-12% Mn and +-30% Fe was reported.