Global Announces High Grade Silver Intercepts at Strieborná

Highlights include 500 g/t Ag, 1.85% Cu and 1.45% Sb over 13 m in hole GMB-04

VANCOUVER, June 13, 2011 /CNW/ - Global Minerals Ltd. (CTG : TSX-V) is pleased to announce positive drill results from a six hole 1,703 m surface drilling program on its 100% owned Roznava project in eastern Slovakia.

Table 1. Highlights of the holes that intercepted the Strieborná vein:

              Hole ID                            From m                             To m                             Length m                            Grade Au g/t                            Grade Ag g/t                           Grade Cu %                           Grade Sb %              
              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                 
* Ag grades top-cut to 2000 g/t including 1 sample in GMB-02 and 2 samples in GMB-04* Cu and Sb grades top-cut to 5% including 1 sample in GMB-02 and 2 samples in GMB-04Holes GMB-01, GMC-01 and GMC-02 did not hit any mineralizationTrue widths are estimated to be 50-60% of the interval lengths

The Company believes that this is the first time the Strieborná 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, VP 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 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 km² of exploration licenses 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 Strieborná vein. The data collected will be used to define and prioritize possible new surface drill targets.

About Strieborná

The Strieborná vein is a high-grade silver-copper-antimony deposit with a defined resource. The project is part of an historic mining district near the town of Roznava in eastern Slovakia. The current resource 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 previous drilling and a series of four horizontal underground drifts totaling 3,000 m. 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.

Global Minerals Ltd. is a Canadian exploration and development company focused on developing its high-grade silver, copper, antimony Strieborná deposit in Slovakia. Global is 35% owned by Esperanza Resources Corp. (EPZ.V) whose principles were previously familiar with the Roznava Project and are now involved in supervising the technical programs and future development.

QUALIFIED PERSON: William Bond, M.Sc., Geol. and VP Exploration for Global is the Qualified Person (QP) under NI 43-101 responsible for the Strieborná exploration program. He has verified the drill results and other data disclosed in this news release, including sampling, analytical and test data. Field work has been conducted under his supervision. All samples were submitted to ALS Chemex laboratories for analysis in Rosia Montana, 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. Over range Silver, Copper, and Antimony is analyzed by induction coupled plasma - 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.

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.

RESOURCES: The terms "measured resource", "indicated resource" and "inferred resource" used in this news release are Canadian geological and mining terms as defined in accordance with National Instrument 43-101, Standards of Disclosure for Mineral Projects of the Canadian Securities Administrators under the guidelines set out in the Canadian Institute of Mining, Metallurgy and Petroleum (the "CIM") Standards on Mineral Resources and Mineral Reserves, adopted by the CIM Council as may be amended from time to time by the CIM. Mineral resources that are not mineral reserves do not have demonstrated economic viability. We advise U. S. investors that while such terms are recognized and permitted under Canadian regulations, the SEC does not recognize them. U. S. investors are cautioned not to assume that any part or all of the mineral deposits in the measured, indicated, and inferred categories will be converted into reserves.

Neither the TSX Venture Exchange nor the Investment Industry Regulatory Organization of Canada accepts responsibility for the adequacy or accuracy of this release.