Global Updates Regional Exploration

GOLD AND ANTIMONY AT CUCMA

The Cucma district is an historic district which has been mined for antimony in the post-WWII era. All mines are now shut-down and abandoned. Prospecting has been in a 4 kilometer-long vein system. Rock samples, mostly from old dumps, have identified high grade gold and antimony for at least 3 of the 4 kilometers of the system. Some selected samples included:

*Sample locations and results can be viewed in the following map and table (pg. 4-6)

Global has completed geochemical sampling, Hg spectrometry, and resistivity surveys over much of the Cucma area. The region is heavily vegetated and therefore outcrops are generally not available for sampling. Caved adits, shafts, and dumps clearly indicate the prior activity however. The Company continues to evaluate data and will identify drill targets for next year

PACA – POSSIBLE NEW VEIN SYSTEM SIMILAR TO STRIEBORNÁ

Geochemical and geophysical prospecting has also identified a possible buried vein system located 1.5 kms southeast of the Strieborná vein.  Mercury (Hg) anomalies, similar to those found at Strieborná, have been identified at Paca. This, together with positive results from geophysical surveys (IP and resistivity) indicates the possible vein type mineralization.  Additional geophysical surveys are currently being completed and a thorough evaluation of this newly discovered zone will be completed in the next few months.  The company also plans to drill these targets next year.

Field work is near completion for this season and Global will continue evaluating the results in order to further define potential drill targets in preparation for the 2012 work plan.

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.

In addition to 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 local work force experienced with underground operations.

Global Minerals Ltd. is a Canadian exploration and development company focused on developing its high-grade silver, copper, antimony deposit in Slovakia.  Global is 32% owned by Esperanza Resources Corp. (EPZ.V) whose principals 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 andVancouver, 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 Zinc is analyzed by induction coupled plasma – atomic emission spectroscopy (ICP-AES) using four acid digestion methods.  Over range Antimony is analyzed by fusion XRF.

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.