GLOBAL MINERALS LTD NEW GMFLF

And it gets better------

[littlejoept]

Yesterday's nr--#2-- Non-brokered. No damn "8% underwriters commission" no 'underwriters warrents' no 'discount to market' no 'attempt to place, best efforts, etc"---it sounds like it's a done deal. I like it. A lot. And the stocks been moving up--on double and triple volumne. Private Placement of $2,000,000US To Put the Front Range Gold 12/23/03 Project, Boulder County, Colorado, Into Production Consolidated Global Minerals Ltd. (the 'Company') announces a non-brokered private placement of US$2,000,000 to put the Front Range Gold Project, Boulder County, Colorado, into production. The private placement consists of 5,300,000 units at a price of $0.50 per unit for gross proceeds to the Company of $2,675,000 Canadian or approximately US$2,000,000. MMTC Development Corp. and Trinity Project Holdings Ltd. have each subscribed for 2,650,000 units. Each unit consists of one common share and one common share purchase warrant. Each common share purchase warrant entitles the holder thereof to purchase a common share for a period of two years at a price of CDN$0.65 during the first year and thereafter at a price of CDN$0.75. All the securities issued pursuant to the foregoing will be subject to a four-month hold period. The private placement is subject to the approval of the TSX Venture Exchange. The proceeds will be used to place the Company's Front Range Gold Project in Boulder County, Colorado into production. The Front Range Gold Project consists of Patented and Unpatented mineral claims located in Boulder County Colorado. The claims encompass an area of approximately 600 acres that include over a dozen past and producing mines along with a number of other known mineral veins or extensions of past producing veins. The property has a 50 to 100tpd mill that is fully permitted and ready to operate. Based upon historical production, geology and prior engineering studies supplied to the Company, it is management's opinion that the project has the potential to produce 35,000 ounces of gold and 250,000 ounces of silver per year. The capital investment required to start production is estimated to be in the order of US$2.0 million. Consolidated Global Minerals has been seeking project financing and joint venture partners to put its Colorado Gold mine into production Shareholders are encouraged to view the updated website, www.cgmLtd.com, for updated property locations, and access to technical reports. Consolidated Global Minerals Ltd. is a mineral exploration company that has interests in lead/zinc, coal, diamond, copper and gold properties located in the Western United States, Canada and Tunisia, North Africa. For further information, please contact Cindy Bray of IR Unlimited Services Inc., the investor relations representative of the company, by phone at 1-888-374-0744. Consolidated Global Minerals Ltd. 'George Heard' President CONTACT: TEL: [phone] George Heard, President FAX: [phone] Email: [e-mail]