CORRECTION FROM SOURCE: Global Minerals Announces Further Increase in Size of Non-Brokered Financing

The following press release replaces that which was disseminated on March 20,
2012 at 6:12 PM ET. The dollar amount in the second paragraph ($10,222,000) has
been revised to $6,499,900 (14,444,222 units).


NOT FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES OR FOR DISSEMINATION IN
THE UNITED STATES


Global Minerals Ltd. (the "Company") (TSX VENTURE:CTG)(FRANKFURT:DFP) is pleased
to announce that, due to high demand, it has further increased the size of its
previously announced non-brokered private placement. The Company now intends to
issue up to an aggregate of approximately 27,777,556 million units (the "Units")
at a price of $0.45 per Unit to raise gross proceeds of $12,499,900 (the
"Financing").


Esperanza Resources Corp. has committed to purchase $1.5 million of the
Financing. Esperanza, affiliates of Sprott Inc., and clients of Sprott Private
Wealth have in aggregate committed to purchase $6,499,900 (14,444,222 units).


All other terms of the Financing will remain as previously announced in the
Company's news releases dated February 24th and 27th, 2012.


The Financing is subject to TSX Venture Exchange approval and all securities
will be subject to a four month resale restriction. The Company may pay a
finder's fee in connection with the Financing.


The proceeds from the Financing will be used to further the development of the
Strieborna project and for general working capital.


Global Minerals Ltd. is a Canadian exploration and development company focused
on developing its high-grade silver, copper, antimony deposit in Slovakia.
Global is 32% owned by Esperanza Resources Corp. whose principals were
previously familiar with the Streiborna Project and are now involved in
supervising the technical programs and future development.


This press release does not constitute an offer to sell or solicitation of an
offer to buy any of the securities in the United States. The securities have not
been and will not be registered under the United States Securities Act of 1933,
as amended (the "U.S. Securities Act") or any state securities laws and may not
be offered or sold within the United States or to a U.S. Person unless
registered under the U.S. Securities Act and applicable state securities laws or
an exemption from such registration is available.