CTG Centenario Gold Corp

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


Global Minerals Ltd. ("Global" or the "Company") (TSX VENTURE:CTG) is pleased to
announce that it is proposing to consolidate all of its issued and outstanding
securities on a five for one (5:1) basis pursuant to the policies of the TSX
Venture Exchange and the requirements of the British Columbia Business
Corporations Act.


In addition, the Company is proposing to conduct a non-brokered financing (the
"Financing") of up to $2.0 million, comprised of up to 8,000,000
post-consolidation units (the "Units") to be issued at a price of $0.25 per
Unit. Each Unit will be comprised of one post-consolidation common share and one
share purchase warrant, exercisable to purchase one post-consolidation common
share for two years at a price of $0.35. The expiry date of the warrants will be
subject to acceleration such that, should the daily trading price of the shares
of the Company on the TSX Venture Exchange (or such other stock exchange on
which such shares are listed) exceed $0.50 (on a post-consolidated basis) for
twenty consecutive trading days commencing four months after the issuance of the
warrant (the "Acceleration Period"), the warrants will expire on the 30th day
following the last day of the Acceleration Period. The Company must issue a news
release announcing the accelerated expiry within two trading days of the last
day of the Acceleration Period. 


The Financing is subject to TSX Venture Exchange approval and all securities
will be subject to a four month resale restriction. The Company may increase the
size of the placement by up to $1.0 million and pay a finder's fee in connection
with some of the Units issued under the Financing.


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


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. It has excellent
expansion potential over and above the already well-defined resource.
Significant infrastructure at site include a working shaft and hoisting system,
extensive underground access through a series of drifts, crosscuts and tunnels
and associated surface facilities. Global is using all efforts to advance the
property into commercial production.


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

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that
term is defined in the policies of the TSX Venture Exchange) accepts
responsibility of the adequacy or accuracy of this release.


FORWARD-LOOKING STATEMENTS AND FORWARD-LOOKING INFORMATION: This news release
contains certain forward-looking statements or information within the meaning of
applicable Canadian securities laws, including the intended consolidation of the
Company's shares and the proposed use of the proceeds from the Financing. These
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.


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.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Global Minerals Ltd.
William Pincus
President and CEO
604.669.2355
wpincus@globalminerals.com
www.globalminerals.com

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