CTG Centenario Gold Corp

Global Minerals Ltd. (TSX VENTURE:CTG)(FRANKFURT:DFP) is pleased to announce
that mine dewatering and rehabilitation has now reached the strategically
important "Level 6", located approximately 180 meters below surface. This will
allow the Company to re-establish underground drill stations, begin bulk
metallurgical sampling and ultimately prepare the deposit for mining. The
underground crews will now focus on extending the mine services along Level 6
including new rail, ventilation, power, and compressed air. A secondary
escape-way is also being rehabilitated.


Dewatering will continue to Level 8, 280 m below surface, for continued drilling
and to inspect the internal vertical shaft. The vertical shaft, also known as
Maria Shaft will provide access between Level 6 and Level 13, 525 m below
surface. Plans include a 10,000 m underground drill program from both Levels 6
and 8 to expand and up-grade the inferred resources that should commence before
the end of the year.


Global will continue with its other activities including metallurgical testing,
process flow-sheet design, concentrate marketing and mine planning (see News
Release May 23, 2012) with the goal of completing a preliminary economic
assessment in 2013.


Corporate Update

Bill Pincus, CEO and Bill Bond, VP Exploration, have established new and full
time contracts with Global and no longer hold dual executive roles with
Esperanza. Global also announces that, in accordance with the Company's stock
option plan, it has granted to directors, officers, employees and consultants
incentive stock options to purchase up to an aggregate of 2,162,500 common
shares exercisable on or before July 18, 2017 at a price of $0.40 per share.


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 resource, NI 43-101 dated April 22nd 2008, 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. 


QUALIFIED PERSON: William Bond, M.Sc., Geol. and VP Exploration for Global is
the Qualified Person (QP) under NI 43-101 responsible for the Strieborna
exploration program. He has verified the drill results and other data disclosed
in this news release.


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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