Mr. William Bond reports

GLOBAL ANNOUNCES HIGH GRADE SILVER INTERCEPTS AT STRIEBORNA

Global Minerals Ltd. has released positive drill results from a six-hole 1,703-metre surface drilling program on its 100-per-cent-owned Roznava project in eastern Slovakia.

                 HIGHLIGHTS OF THE HOLES THAT INTERCEPTED THE STRIEBORNA VEIN

Hole ID             From         To     Length    Grade Au    Grade Ag       Grade Cu       Grade Sb
                     (m)        (m)        (m)       (g/t)       (g/t)            (%)            (%)

GMB-02*           234.70     241.70       7.00       0.147       345.0           1.31           1.01
GMB-03            239.00     243.95       4.95       0.098       235.6           1.06           0.78
GMB-04*           230.00     243.00      13.00       0.246       500.9           1.85           1.45
 

Notes 
* Ag grades top cut to 2,000 grams per tonne (g/t) including one sample 
in GMB-02 and two samples in GMB-04.
* Cu and Sb grades top cut to 5 per cent including one sample in GMB-02 
and two samples in GMB-04. 
Holes GMB-01, GMC-01 and GMC-02 did not hit any mineralization.
True widths are estimated to be 50 per cent to 60 per cent of the 
interval lengths          

The company believes that this is the first time the Strieborna vein has been analyzed for gold. The presence of gold may provide an additional credit if recovered in concentrates and will now be considered in future economic assessments.

"The drill results are promising and support the current resource model and respective grades," said William Bond, vice-president, exploration, for Global. "The drill program was designed to evaluate the upper northeast portion of the vein where previous drilling was limited. The reported grades are consistent with previous underground sample data and resource estimates in the vicinity of the drill holes intersections. We anticipate that we will continue to add or upgrade our resource base as drilling continues in this area." This phase of surface drilling has been completed, and additional drilling will be completed from underground once access has been re-established later this year.

Permitting is well advanced for the mine dewatering and treatment facilities. A manager of mining activities and a hydrogeology engineer have been added to the project team (news release from May 31, 2011). Their responsibilities will cover all aspects of permitting, inspecting and re-establishing access to the underground workings.

Global commissioned the compilation of existing regional data which is now complete. Preliminary results are encouraging, and, as a result, an additional 120 square kilometres of exploration licences have been applied for. Initial reconnaissance of newly identified targets will be undertaken during the summer field season.

A mercury spectrometry survey and CSAMT (resistivity) geophysical survey have been commissioned to further examine new exploration areas in close proximity to the Strieborna vein. The data collected will be used to define and prioritize possible new surface drill targets.

About Strieborna

The Strieborna vein is a high-grade silver-copper-antimony deposit with a defined resource. The project is part of a historic mining district near the town of Roznava in eastern Slovakia. The current resource occurs within a mineralized structure 1.2 kilometres long, 600 metres deep and with an average thickness of 3.4 metres. The resource has been defined by previous drilling and a series of four horizontal underground drifts totalling 3,000 metres. 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.

Qualified person

Mr. Bond, MSc, Geol, and vice-president, exploration, for Global, is the qualified person (QP) under National Instrument 43-101 responsible for the Strieborna exploration program. He has verified the drill results and other data disclosed in this news release, including sampling, analytical and test data. Fieldwork has been conducted under his supervision. All samples were submitted to ALS Chemex laboratories for analysis in Rosia, Mont., Romania and Vancouver, Canada. Gold samples were analyzed by fire assay and atomic absorption spectroscopy with a 30-gram nominal sample weight. Initial silver values were determined by fire assay with a 30-gram nominal sample weight and gravimetric finish. Overrange silver, copper and antimony are analyzed by induction coupled plasma and atomic emission spectroscopy (ICP-AES) using four-acid digestion methods. Quality control and quality assurance protocols were incorporated with the submitted samples which included standards, blanks and duplicate analysis.

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