Global Minerals Confirms Effective Date of Share Consolidation

NOT FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES

VANCOUVER, BRITISH COLUMBIA--(Marketwired - Feb. 6, 2014) -

Global Minerals Ltd. ("Global" or the "Company") (TSX VENTURE:CTG) is pleased to announce that it has received the approval of the TSX Venture Exchange to the consolidation of its issued and outstanding common shares on the basis of one new common share for every five common shares currently issued and outstanding. The Company's shares will commence trading on the TSX Venture Exchange on a consolidated basis on February 7, 2014. On a post-consolidation basis, there will be approximately 22,164,787 common shares issued and outstanding. The Company's name and trading symbol will remain the same.

In addition, the Company wishes to clarify its news release of January 22, 2014 in respect of an increase in the Company's previously announced non-brokered private placement of up to $3.5 million (the "Financing"). The Financing will be completed through the issuance of up to 14,000,000 units of the Company ("Units") at a price of $0.25 per Unit, and not up to 12,000,000 Units as previously disclosed. All other terms of the Financing remain unchanged.

The Financing is subject to TSX Venture Exchange approval and all securities will be subject to a four month resale restriction.

The proceeds from the Financing will be used to further the development of the Strieborná project and for general working capital.


About Strieborná

Strieborná is a high-grade silver-copper vein type deposit in an historic mining district near the town of Roznava in eastern Slovakia. It has excellent expansion potential over and above the already well-defined resource. Significant infrastructure at site include a working shaft and hoisting system, extensive underground access through a series of drifts, crosscuts and tunnels and associated surface facilities. Global is using all efforts to advance the property into commercial production.

For further information about Global, visit www.globalminerals.com.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility of the adequacy or accuracy of this release.


FORWARD-LOOKING STATEMENTS AND FORWARD-LOOKING INFORMATION:

This news release contains certain forward-looking statements or information within the meaning of applicable Canadian securities laws, including the consolidation of the Company's shares and the proposed use of the proceeds from the Financing. These 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.

This press release does not constitute an offer to sell or solicitation of an offer to buy any of the securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act") or any state securities laws and may not be offered or sold within the United States or to a U.S. Person unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.



Contact Information

Global Minerals Ltd.
William Pincus
President and CEO
604.669.2355
wpincus@globalminerals.com
www.globalminerals.com