CTG Centenario Gold Corp

Global Minerals Ltd. (TSX VENTURE:CTG)(OTCBB:GMLFF)(FRANKFURT:DFP) is pleased to
announce it has signed a Memorandum of Cooperation for the development of its
100% owned Strieborna silver project with the local municipality of Roznava,
Slovakia.


In this memorandum, the City of Roznava expressed its support for all activities
benefiting the timely development and permitting of the planned mining
operation. Global Minerals expressed its commitment to cultural, social and
environmental responsibility and also agreed to support the economic development
of the region by providing employment opportunities in future mine operations.
Global Minerals hopes to create approximately 120 jobs in mining and ore
processing upon commencing operations at Strieborna. 


Bill Pincus, Global's CEO, said, "This is an important step forward and
illustrates the positive relationship between the Company and the local
community. We are fortunate to work in an area with a long mining tradition and
those who are keen to see us commence operations to the benefit the local
stakeholders. This agreement is a concrete expression of our mutual
collaboration to that effect."


Completed Tailings Facility Purchase Agreement 

Global is also pleased to announce that it has signed an agreement to purchase
an existing tailings management facility that is adjacent to the planned
processing mill site. The capacity of the facility is sufficient for 5 years of
production at a proposed rate of 750 tonnes per day. An additional extension of
the tailings dyke will allow for an increase in capacity sufficient for mining
of all current resources. Some permits are required to reinstate its use, but
this will be far more efficient both in time and cost than purchasing and
permitting a new facility. Payments include EUR300,000 on signing (complete) and
the balance in quarterly payments over the next 1.5 years for a total of
EUR2.5M. Global had previously purchased sufficient land to accommodate the
future mill and ore processing facilities adjacent to the tailings facility.


Resource Update and Economic Assessment on Track

Drilling continues from underground and is on track for completion in the coming
months. All results will be incorporated into an updated resource model and
economic study. The drilling has focused on the upper portion of the ore deposit
that the Company anticipates will be exploited early in the mine life.


The Company has completed a series of trade-off studies evaluating various mine
development scenarios. As a result, a preferred plan incorporating ramp access
and mobile equipment for underground mining is now being included in a
Preliminary Economic Assessment. The Company anticipates publishing this in the
July-September Quarter this year concurrent with the updated resource estimate.


About Strieborna 

Strieborna is a high-grade, silver-copper, vein-type deposit in an historic
mining district near the town of Roznava in eastern Slovakia. Significant
infrastructure at the site includes a working shaft and hoisting system,
extensive underground access through a series of drifts, crosscuts and tunnels
and associated surface facilities including a tailings facility. Global is
working to advance the property into commercial production with a significant
high-grade resource base that also has excellent expansion potential.


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 continuous
disclosure documents filed by Global and available at www.sedar.com, for
detailed information, which is subject to the qualifications and notes set forth
therein.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Global Minerals Ltd.
William Pincus
President and CEO
604.669.2355


Global Minerals Ltd.
Ms. Lubica Parilakova
Manager Investor Relations
604.669.2355
lparilak@globalminerals.com
www.globalminerals.com

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