Global Minerals Completes $5,000,000 Financing

VANCOUVER, July 13, 2011 /CNW/ - Global Minerals Ltd. (CTG: TSX-V) is pleased to report that it has completed its previously announced non-brokered private placement financing with Geologic Resource Partners LLC. Global has issued 7,142,857 common shares at $0.70 per share for total proceeds of $5,000,000. The shares issued are subject to a four month hold period. No commissions or finder's fees were paid in connection with the financing. The proceeds from the private placement will be used to advance its high grade silver-copper-antimony Strieborná Project inSlovakia.

About Strieborná

Strieborná is a high-grade silver-copper-antimony vein type deposit in an historic mining district near the town of Roznava in eastern Slovakia. The current NI 43-101 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 diamond 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 will be the focus of future exploration drill programs.

Besides the upside of the 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 deposit in Slovakia. Global is 35% owned by Esperanza Resources Corp. (EPZ.V) whose principles were previously familiar with the Strieborná Project and are now involved in supervising the technical programs and future development.