Global Minerals Outlines Continued Progress At Strieborna



    VANCOUVER, Feb. 23 /CNW/ - Global Minerals Ltd. (the "Company") (CTG:
TSX-Venture Exchange, DFP: Frankfurt Exchange, OTC: GMLFF.PK) is pleased to
provide an update on recent developments relating to its Strieborna Silver -
Copper Project near Roznava, Slovakia.

    
    A NI 43-101 compliant Technical Report, dated 22 April, 2008, summarized
the current resources of the Strieborna silver - copper vein deposit as
follows:

    -------------------------------------------------------------------------
                                              Estimated Average Grades
    Mineral                Average ------------------------------------------
    Resource            Horizontal      Silver    Copper  Antimony      Iron
    Category    Quantity     Width         (Ag)      (Cu)      (Sb)      (Fe)
              ---------------------------------------------------------------
                      Mt    metres         g/t         %         %         %
    -------------------------------------------------------------------------
    Measured        215        5.8       469.0       2.2       1.4      20.6
    -------------------------------------------------------------------------
    Indicated     1,710        3.4       202.0       1.0       0.6      33.2
    -------------------------------------------------------------------------
    Inferred      1,500        3.2       280.0       0.9       0.6      33.6
    -------------------------------------------------------------------------

    Note: Quantity includes an estimated 35,000 tonnes of mined out
    development material.

    This Technical Report is filed on SEDAR www.sedar.com, and is also
available on the company's web site www.globalminerals.com

    Mine and Mill Site Land
    ------------------------
    
    The Company's subsidiary, Global Minerals Slovakia s.r.o. has purchased
two parcels of land (totaling 1.9 hectares) to provide direct access to the
Strieborna deposit, and has entered into negotiations with the City of Roznava
for a long-term lease of approximately 5 hectares of land in the City's
newly-established Industrial Park. This land would be used to site the
Company's processing and administration facilities, for storage of stockpiled
re-processing ore feed and for storage of concentrate. It could also
accommodate temporary storage of mill tailings before their final disposal
underground. Global Minerals Slovakia would be one of the anchor tenants in
the City's Industrial Park.

    
    Strategic Investor Application
    -------------------------------
    
    Global Minerals Slovakia has completed and submitted all necessary
documentation for its application for "Strategic Investor" status to the
Ministry of the Economy of Slovakia. The potential benefits to the Company of
a "Strategic Investor" designation could include preferential access to
government-owned land, infrastructure subsidies, job-creation subsidies, and
tax holidays. The exact nature and amounts of such subsidies will be
established by the Ministry once the application is approved and "Strategic
Investor" status has been granted.

    
    Environmental Impact Assessment
    --------------------------------
    
    Global Minerals Slovakia has completed the required Environmental Impact
Assessment (EIA) study for the development and mining of the Strieborna
deposit. This EIA will be submitted to the Ministry of the Environment for
approval in the near future. An approved EIA is necessary for the granting of
Mining Permits by the Mining Bureau, which is anticipated late this year, once
all other required technical reports and documents have been finalized and
submitted.

    
    Water Discharge Study
    ----------------------
    
    Global Minerals Slovakia has also completed a water-discharge study,
based on long-term historical water discharge data, and a new water quality
survey carried out by an independent environmental consultant. The results of
this study will be used to support an application for water-discharge permits
from the local water authority. Final report, discharge application project
work, and water treatment plant design should be completed in the next few
months.

    
    Hydro-Metallurgical Plant Design
    ---------------------------------
    
    Metso Minerals Oy of Helsinki, Finland (www.metsominerals.com) have been
engaged to prepare a preliminary design and price quotations for the
Strieborna metallurgical processing facilities based on specifications
supplied by Eur. Ing. Dr. Corby Anderson, CEng, FIChemE, Consulting
Metallurgical Engineer.

    
    Draft Business Plan
    --------------------
    
    A draft business plan has been completed for submittal to major financial
institutions in Europe and North America. This document contains a detailed
overview of the Company's development and operational plans for the Strieborna
Silver - Copper Project covering the next eleven years.

    
    Scoping Study
    --------------
    
    A NI 43-101 compliant Preliminary Economic Assessment Technical Report
(Scoping Study) has been commissioned by the Company. Completion is
anticipated within the next 45 days.
    Management is currently reviewing several funding options including
equity and debt financing, and is in active discussions with its primary
lenders.
    The Company's ability to continue as a "going concern" is dependent upon
the continued support of its shareholders and other related parties, and upon
the ability of the Company to raise equity and/or debt financing to further
its mineral property interests, and ultimately the attainment of profitable
operations.

    About Global Minerals Ltd.

    Global Minerals is a Canadian-based company with focus on the
acquisition, exploration and development of mineral property interests.

    
    Global Minerals Ltd.

    "George W. Heard"

    George W. Heard
    President and CEO

    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 for the adequacy or accuracy of this release.
    





For further information:

For further information: about Global, visit www.cgmltd.com, or contact
investor relations, Derek Sutherland, at (778) 786-1531 or email:
dsutherland@cgmltd.com

Organization Profile

GLOBAL MINERALS LTD.

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