CTG Centenario Gold Corp

Global Minerals Ltd. (TSX VENTURE:CTG)(FRANKFURT:DFP) is pleased to provide this
update on exploration and development activities at its 100%-owned Strieborna
high grade silver/copper/antimony deposit in Slovakia. Regional exploration
efforts have been expanded with 136 km2 of new concessions contiguous to the
mining lease while the Company continues with its mine rehabilitation and
dewatering efforts. Global has completed the acquisition of all the land (4.75
ha) and buildings that would constitute the previous mining site operation
including all buildings and equipment for EUR 1.16 million. The company now
controls a 20 hectare minesite footprint and is well positioned to develop the
project.


Mining lease - Rehabilitation and Dewatering Activities

SRK Consulting has been contracted to implement a simple temporary
water-treatment facility to remove iron and manganese from the discharge during
the mine dewatering process. The equipment is portable and will be used on a
short-term basis. Installation is expected in Q4 of 2011 and will work at a
capacity of 70 liters/second, subject to the issuance of final permits.


The mine and infrastructure rehabilitation program is well underway with the
objective to have all facilities ready for underground exploration and
development upon completion of the dewatering. The rehabilitation projects
included updating all major electrical systems, the hoist and inclined shaft,
the 1600 m haulage tunnel and the pipeline to handle the dewatering. Mine
ventilation and underground power systems will be refitted as more access
becomes available. Additional renovation and upgrading of some of the surface
buildings will provide sufficient office space, service and change areas for the
increasing activities.


Regional Exploration Activities

The last six months of exploration was focused on the potential for additional
veins sub-parallel to Strieborna as well as the historic Cucma antimony district
approximately 4-5 km northeast of Strieborna. With the addition of 136 km2 of
contiguous concessions, efforts have already commenced to explore for other
polymetallic vein systems surrounding the mine.


Geochemical and geophysical prospecting methods including mercury-vapor
detection, resistivity (CSMAT) and induced polarization were tested in an
orientation survey over Strieborna and proved to be effective in identifying
known veins. Potential vein structures can be identified up to 800 meters deep
using these methods. Over 9000 mercury samples have been collected to date and
CSMAT/IP surveys will be completed over Hg anomalies related to potential vein
mineralization.


Possible vein structures have been identified adjacent to the Strieborna vein
and ongoing surveys continue to determine the full extent of potential
mineralization. Deep targets will be drilled from underground once access is
available. The mercury anomalies will be tested with CSMAT and IP to determine
if drilling is warranted from surface or underground.


The historic Cucma antimony district was mined during the post-WWII era and has
been closed for many years. A compilation of regional geochemical data indicates
that this area is anomalous for gold and much of the district now lies within
the Company's expanded exploration concessions. On-going exploration work
consists of sampling old mine dumps, data compilation, mercury spectrometry and
geophysical surveys. The goal is to identify potential gold drill targets by the
end of the year.


About Strieborna

Strieborna 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 28% owned by Esperanza Resources Corp. (TSX VENTURE:EPZ) whose
principals were previously familiar with the Strieborna 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 Strieborna
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.

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