Globex Mining Enterprises Inc. — AGM Information 2020

May 22, 2020

NOTICE OF ANNUAL MEETING OF SHAREHOLDERS OF GLOBEX MINING ENTERPRISES INC.

TAKE NOTICE that an Annual Meeting of Shareholders (the “ Meeting ”) of GLOBEX MINING ENTERPRISES INC. (the “ Corporation ”) will be held at 10:00 a.m. (eastern time) on Tuesday, June 23, 2020 at the office of the Corporation, 86 – 14[th] Street, Rouyn-Noranda, Québec. The purposes of the Meeting are to:

1. Receive and consider the consolidated financial statements of the Corporation for the fiscal year ended December 31, 2019 and the auditor’s report thereon;

2. Elect directors;

3. Appoint the auditor and authorize the directors to fix its remuneration; and

4. Transact such other business as may properly be brought before the Meeting.

Additional information on the above matters can be found in the Management Information Circular of the Corporation dated May 11, 2020 (the “ Circular ”) under the headings “Election of Directors” and “Appointment of Auditor”.

Public Health Concerns

In light of ongoing public health concerns related to the COVID-19 pandemic and in order to comply with government decrees, the Corporation is requesting that shareholders not attend the Meeting in person. The Meeting will be available by way of telephone conference call (toll-free) at 1-866-365-4406 – access code 3616167, and the Corporation asks all shareholders to participate in that manner. Shareholders participating in the telephone conference call will not able to vote at the Meeting, but will be able to ask questions by submitting them via email to info@globexmining.com at least 48 hours prior to the Meeting.

Voting

The Board of Directors has fixed the close of business on May 11, 2020 as the record date for the determination of shareholders entitled to notice of and to vote at the Meeting and at any adjournment or postponement thereof. Shareholders participating in the telephone conference call will not be able to vote during the Meeting. However, you can vote your shares before the Meeting by returning the enclosed voting instruction form (“ VIF ”), voting online or using the toll-free telephone number set out on the VIF prior to the date set out therein, in accordance with the instructions provided by your broker or other intermediary. Shareholders are urged to review the Circular before voting.

Notice-and-Access

The Corporation has elected to use “notice-and-access” rules (“ Notice-and-Access ”) under National Instrument 54-101 Communication with Beneficial Owners of Securities of a Reporting Issuer (“ NI 54-101 ”) for distribution of its Proxy-Related Materials (as defined below) to shareholders who do not hold shares of the Corporation in their own names (“ Beneficial Shareholders ”). Notice-and-Access is a set of rules that allows issuers to post electronic versions of proxy-related materials on SEDAR and on one additional website, rather than mailing paper copies. “ Proxy-Related Materials ” refers to the Circular, the Notice of Meeting, a VIF and a form of proxy.

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The use of Notice-and-Access is more environmentally friendly as it helps reduce paper use. It also reduces the Corporation’s printing and mailing costs. Beneficial Shareholders may obtain further information about Notice-and-Access by contacting: (i) for Beneficial Shareholders with a 15-digit Control Number : Computershare Investor Services Inc. toll free at 1-866-964-0492 or at www.computershare.com/noticeandaccess; or (ii) for Beneficial Shareholders with a 16-digit Control Number : Broadridge Financial Solutions, Inc. toll free at 1-855-887-2244.

The Corporation is not using Notice-and-Access for delivery to shareholders who hold their shares directly in their respective names (referred to herein as “ Registered Shareholders ”). Registered Shareholders will receive paper copies of the Circular and related materials via prepaid mail.

Websites Where Proxy-Related Materials are Posted

The Proxy-Related Materials are available on the Corporation’s website at - www.globexmining.com/Investors/Annual Meeting and under the Corporation’s profile on SEDAR at www.sedar.com.

Notice Package

Although the Proxy-Related Materials have been posted on-line as noted above, Beneficial Shareholders are receiving paper copies of a notice package via prepaid mail, including this Notice of Annual Meeting, containing information prescribed by NI 54-101 such as: the date, time and location of the Meeting, the website addresses where the Proxy-Related Materials are posted, a VIF, and supplemental mail list return card for Beneficial Shareholders to request they be included in the Corporation’s supplementary mailing list for receipt of the Corporation’s interim financial statements for the 2020 fiscal year.

How to Obtain Paper Copies of Proxy-Related Materials

Beneficial Shareholders may obtain paper copies of the Circular free of charge by contacting: (i) for Beneficial Shareholders with a 15-digit Control Number : Computershare Investor Services Inc. toll free at 1-866-962-0498 (within North America) or 514-982-8716 (outside North America); or (ii) for Beneficial Shareholders with a 16-digit Control Number : Broadridge Financial Solutions, Inc. toll free at 1-877-907-7643. Any request for paper copies which are required in advance of the Meeting should be sent so that the request is received by the Corporation by 5:00 p.m. (eastern time) on June 9, 2020 in order to allow sufficient time for Beneficial Shareholders to receive their paper copies and to return their VIF by the due date. After the Meeting date, Beneficial Shareholders may obtain paper copies of the Circular free of charge by contacting the Secretary of the Corporation at 1-819-797-5242.

Dated at Toronto, Ontario, this 11[th] day of May, 2020.

BY ORDER OF THE BOARD OF DIRECTORS

By: (signed) Jack Stoch Jack Stoch President and Chief Executive Officer