CTG Centenario Gold Corp

Global Minerals Ltd. (TSX VENTURE:CTG)(FRANKFURT:DFP) is pleased to announce
that the dewatering and underground development activities at its Strieborna
high grade Silver project in Slovakia have accelerated since late-2011. The
water level is now 140 meters below surface and on track to reach Level 6 (180 m
below surface) by early summer. That will allow underground drilling and
resource confirmation to commence shortly afterward. A bulk sample will also be
collected for additional metallurgical testing to confirm the optimal processing
plant design criterion. In conjunction with the dewatering, all underground
workings continue to be refurbished including access, ventilation and services
in preparedness for mining.


Surface facilities have also been updated and inspected including the electrical
room along with connection to local grid power, refurbishing of the hoist and
inclined shaft, compressor room, water treatment plant, mine water discharge
lines, and general rehabilitation of office and other on-site facilities. Safety
and security systems have been installed in accordance with the mining code. 


Dewatering will continue to Level 8 (280 m below surface) in order to gain
access for continued drilling and inspection of the internal vertical shaft and
hoist. The vertical shaft provides access between Level 6 and 13 - the lowest
level at 525 m below surface. 


Economic Assessment Continues

The Company has internally re-audited and confirmed the previous resource
estimates. Ongoing metallurgical and engineering studies have focused on the
downstream processing of the concentrate for the recovery of antimony.
Metallurgical results reported earlier (Nov 16, 2011) indicated that simple
flotation yields +95% recoveries of silver and copper with a concentrate
containing up to 5400 grams of silver per tonne, 22% copper and up to 17%
antimony. The Company is also investigating the handling of mercury that is
found in the concentrate. Initial results indicate that this can be safely and
effectively managed. Gold was never included in the previous resources or
studies but the Company expects that this could be a positive addition to the
economics of the project. The future drilling and bulk sampling studies will
assess this opportunity.


Near-term work will include mine planning, development of a process flow sheet
and on-going economic assessment. 


Regional Exploration at Cucma and Paca

Regional exploration activity since last fall has focused on the Paca area, 3
kilometers southeast of the Strieborna vein system, and the historic Cucma
gold/antimony district approximately 4-5 km northeast of Strieborna. During the
2011 field season the Company identified several potential surface drill targets
in each of these areas based on the use of geochemical and geophysical
prospecting methods including mercury spectrometry of surface soils, resistivity
and induced polarization geophysical methods. Follow up surveys this spring have
offered additional data currently being evaluated in order to select specific
drill targets. 


The Cucma region is an historic gold district with limited production dating
back to medieval times. The Paca area contains a potential buried vein system,
which may be analogous to the Strieborna system, based on geophysical data
obtained during the recent exploration program.


About Strieborna 

Strieborna is a high-grade silver-copper-antimony vein type deposit in an
historic mining district near the town of Roznava in eastern Slovakia. The
current NI 43-101 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
diamond drilling and a series of four horizontal underground drifts totaling
3,000 meters. The mineralization is open in various directions along the vein
structure. Other similar structures have been identified within the mining and
exploration leases and will be the focus of future exploration drilling
programs.


In addition to the upside of the 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 has been
achieved through previous 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 27% owned by Esperanza Resources Corp. (TSX VENTURE:EPZ). 


FORWARD-LOOKING STATEMENTS AND FORWARD-LOOKING INFORMATION: This news release
contains certain "forward-looking statements" within the meaning of applicable
Canadian securities laws. Forward-looking statements and forward-looking
information are frequently characterized by words such as "plan", "expect",
"project", "intend", "believe", "anticipate", "estimate" and other similar
words, or statements that certain events or conditions "may" or "will" occur. 


FORWARD-LOOKING STATEMENTS are based on the opinions and estimates of management
at the date the statements are made, and are subject to a variety of risks and
uncertainties and other factors that could cause actual events or results to
differ materially from those projected in the forward-looking statements. These
factors include the inherent risks involved in the exploration and development
of mineral properties, the uncertainties involved in interpreting drilling
results and other geological data, fluctuating metal prices, the possibility of
project cost overruns or unanticipated costs and expenses, uncertainties
relating to the availability and costs of financing needed in the future and
other factors. The Company undertakes no obligation to update forward-looking
statements if circumstances or management's estimates or opinions should change.
The reader is cautioned not to place undue reliance on forward-looking
statements.


Readers are advised that National Instrument 43-101 of the Canadian Securities
Administrators requires that each category of mineral reserves and mineral
resources be reported separately. Readers should refer to the annual information
form of Global for the year ended June 30, 2010 and other continuous disclosure
documents filed by Global since September 30, 2010 available at www.sedar.com,
for this detailed information, which is subject to the qualifications and notes
set forth therein.


For further information about Global, visit www.globalminerals.com.

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