Global Minerals Announces $5,000,000 Private Placement

Global Minerals Ltd. (TSX VENTURE:CTG)(FRANKFURT:DFP) is pleased to announce a
non-brokered private placement financing to raise $5,000,000 through the
issuance of 7,142,857 shares at a price of $0.70 per share. The shares once
issued will be subject to a four month hold period. No commissions or finder's
fees are payable in connection with the private placement.


The proceeds from the private placement will be used for exploration and
development on its Strieborna property and working capital. The private
placement is subject to regulatory approval.


About Strieborna 

The Strieborna vein is a high-grade silver-copper-antimony deposit with a
defined resource. The project is part of an historic mining district near the
town of Roznava in eastern Slovakia. The current resource occurs within a
mineralized structure 1.2 km long, 600 m deep and an average thickness of 3.4 m.
The resource has been defined by previous drilling and a series of four
horizontal underground drifts totaling 3,000 m. The mineralization is open in
various directions along the vein structure. Other similar structures have been
identified within the mining and exploration leases, and these will also be
tested for metal potential in subsequent drill programs.


Besides the upside exploration potential and the high-grade nature of the
polymetallic mineralization, the project has excellent infrastructure, including
sufficient electrical power, railway access, paved highways and a work force
experienced with underground operations. Underground access is available via old
mine workings.


Global Minerals Ltd. is a Canadian exploration and development company focused
on developing its high-grade silver, copper, antimony deposit in Slovakia.
Global is 35% owned by Esperanza Resources Corp. (TSX VENTURE:EPZ) whose
principles were previously familiar with the Strieborna Project and are now
involved in supervising the technical programs and future development.


ON BEHALF OF THE BOARD

George W. Heard, President and CEO