Mr. Michael Cella reports

GLOBAL ALUMINA RELEASES THIRD QUARTER 2011 RESULTS

Global Alumina Corp. has released its financial and operating results for the three- and nine-month periods ended Sept. 30, 2011. The text of the quarterly unaudited financial statements and management's discussion and analysis can be viewed or printed from the company's SEDAR reference page. All dollar amounts are in U.S. dollars.

Third-quarter 2011 financial highlights

In the first nine months of 2011, the joint venture partners contributed capital of $40.5-million toward the approved project budget with the company contributing its $13.5-million one-third share. At Sept. 30, 2011, Guinea Alumina Corporation Ltd. (the joint venture company) had capitalized into construction in progress approximately $682.1-million, of which approximately $14.3-million relates to the third quarter of 2011.

As at Sept. 30, 2011, the company had unrestricted cash of $7.0-million and $21.2-million in its escrow account to finance future project capital calls. For the three and nine months ended Sept. 30, 2011, respectively, the company reported a net loss of $1,144,090 (one cent per share) and $3,343,206 (two cents per share), compared with a net loss of $1,029,567 (one cent per share) and $2,930,823 (two cents per share) for the same periods in 2010. Interest income for the quarter was $19,579 versus $30,022 in the third quarter of 2010.

At usage rates that the company currently expects in 2012, funds in escrow will be sufficient to meet its one-third share of project equity requirements through December, 2012, and unrestricted funds will be sufficient to enable it to meet its corporate operating expense requirements through June, 2013.

We seek Safe Harbor.