Good NewsGLOBAL ANNOUNCES NEW HIGH-GRADE VEIN EXTENSION DISCOVERY DURING BULK SAMPLING PROGRAM Global Minerals Ltd. has discovery a new high-grade extension of the Strieborna vein at its 100-per-cent-owned silver/copper property in Slovakia. The extension was discovered during the collection of a bulk sample for metallurgical purposes and has been explored by a combination of drifting on the vein as well as three crosscuts, which fully intersect it. Highlights include: Average grade of 348 grams of silver per tonne and 1.55 per cent copper across 5.5 metres in crosscut 1; Average grade of 496 grams of silver per tonne and 2.21 per cent Cu across 5.0 metres in crosscut 3; Average grade of 434 grams of silver per tonne and 1.85 per cent Cu across 4.5 metres in crosscut 5. New discovery extends high-grade zone Tunnelling was conducted during March to May, 2014, on level 6 (approximately 150 metres below surface) to intersect the Strieborna vein and collect a bulk sample for metallurgical testing. Nearby drilling had indicated the presence of the vein that is now confirmed by the tunnelling. This newly defined section is the continuation of a high-grade zone in the deposit that begins on level 10, a further 200 metres below level 6. Its full extension up the dip of the vein above level 6 is not yet known but thought to be meaningful given the company's past experience studying Strieborna. The high-grade zone extends along the strike of the vein for at least 250 metres. An extensive sampling program was conducted to assess this zone, and includes channel and panel samples. Results are compiled in the accompanying table. The company now has approximately 500 tonnes of mineralized material stockpiled on surface for future metallurgical testing. Phase I development may yield significant capital savings The new data collected from this bulk sampling program are currently being incorporated into the company's existing resource model, and the company is now evaluating a phase I development program for Strieborna. Phase I is a mine plan that targets the high-grade zone of the Strieborna vein to produce a silver/copper concentrate within the parameters of the company's mine operating permit (see press release of May 15, 2014). Phase I can be largely accomplished with existing mine infrastructure and result in significant savings in the capital expenditure to commence operations. Management anticipates that the further development of the mine, including a wider area of ore recovery and a metallurgical solution for antimony, can be accomplished in a subsequent phase II expansion. Existing infrastructure is extensive, and includes a newly rehabilitated shaft and hoist with a 500-tonne-per-day capacity, rehabilitated tunnels, which now bring rail to the vein itself, mine ventilation, and an operational pumping and water treatment system. Power, water and other utilities are now connected to the mine site. Global will now conduct a resource update including the new data. This will be used in a preliminary economic assessment (PEA) that will focus on the phase I development. The PEA is anticipated in the fourth quarter of 2014. Tim McCutcheon, Global's chief executive officer, said: "The team at Global is solving issues one by one ahead of our drive to put Strieborna into production. With this latest announcement, it is clear to me the project's geological risk is more than removed, demonstrating a high-grade zone we believe will have favourable economics. We have rehabilitated a significant part of the infrastructure that would be used at the beginning of mine operations, our water treatment facility is fully operational, our metallurgical testwork is very advanced, and we have a mine operating permit. Our next steps are to finalize our PEA for phase I development, and then collect the last bits of data to progress to a feasibility study and subsequent mine financing."