Gold Found on Gladys Lake Property


 Further to the news release of December 9, 2005, Globetech company geologist
 John Kowalchuk, P.Geol. reports that the Gladys Lake Property also contains
 gold.  Although Globetech has recently focussed on the molybdenum potential
 at Gladys Lake, the company will also evaluate the potential of gold
 mineralization peripheral to the molybdenum bearing stock. The vendor of the
 Gladys Lake property had originally staked the property on the basis of gold.

 Davenport, Lincoln and consolation creeks draining the ridge hosting the
 molybdenum mineralization are all staked for placer gold.  Minfile reports
 for these placer deposits that only small amounts of gold were recovered
 however much of the gold was reported as coarse gold. In fact, the original
 lode claims (Lett 1 to 6) staked by the prospector were to cover suspected
 gold mineralization.  In 1990, Waratah Investment Corporation recovered
 anomalous gold in soil samples peripheral to the molybdenite bearing stock.
 A total of ten soil samples ranging from 26 ppb gold to 1,010 ppb gold were
 taken from two lines north and south of the molybdenum mineralization.

 The Gladys Lake molybdenite deposit lies about 2 to 3 kilometres south of the
 west end of Gladys Lake approximately 50 kilometres northeast of the town of
 Atlin, British Columbia.  The deposit received extensive work by Amax
 Explorations Ltd. in 1970 and 1971 when geological and soil geochemical
 surveys, trenching and 726 metres of diamond drilling were completed.

 The property is underlain by a sequence of sediments of the Late Paleozoic
 Cache Creek Group.  These rocks are intruded by small bodies of Late Mesozoic
 alaskite.  The alaskite consists of a ring-dyke complex exposed at higher
 elevations and a large stock-like body at depth.  Roughly centered about the
 alaskite is a quartz vein stockwork zone lying within a larger zone of weakly
 to intensely altered rocks.  The wallrock alteration zone is characterized by
 pervasive weak to intense degrees of bleaching and silicification with
 attendant development of sericite occurring along fractures and disseminated
 along margins of quartz veins.

 Quartz veining occurs widespread throughout the alteration zone with
 sedimentary rocks and alaskite.  Veins commonly range from 1/8 in to 3/4 in
 wide and are relatively continuous and sharp walled.  The quartz vein
 stockwork zone is roughly centered about the alaskite ring dyke complex.
 Sulphide minerals recognized on the property include pyrite, molybdenite,
 chalcopyrite and pyrrhotite. Very minor amounts of scheelite and wolframite
 have been observed. The geochemistry survey completed by AMAX in 1970
 produced an anomalous target 1200 m (4000 feet) by 800 m (2700 feet).
 This soil geochemical anomaly outlines the trace of the main molybdenum
 mineralization in the quartz stockwork zone.




 On Behalf of the Board

 "Casey Forward"
  President

 Forward-Looking Statement

 This news release contains discussion of items that may constitute forward-
 looking statements within the meaning of securities laws that involve risks
 and uncertainties.  Although the company believes the expectations reflected
 in such forward-looking statements are based on reasonable assumptions,
 it can give no assurances that its expectations will be achieved.
 Factors that could cause actual results to differ materially from
 expectations include the effects of general economic conditions, actions
 by government authorities, uncertainties associated with contract
 negotiations, additional financing requirements, market acceptance of the
 Company's products and competitive pressures. These factors and others are
 more fully discussed in Company filings with U.S. securities regulatory
 authorities.



 Date:   March 10, 2006