The common shares issued in conn ection with this debt settlement will be subject to a hold

GLOBAL MINERALS LTD.

NEWS RELEASE

Vancouver, B.C., January 21, 2016 – Global Minerals Ltd. (TSX V/NEX: CTG.H; - “Global” or the “Company”) announces that the Company has agreed to settle an aggregate of $43,613 of outstanding debt owing to three former directors and one arm’s length creditor of the Company by issuing an aggregate of 290,754 common shares at a deemed price of $0.15 per common share.

The common shares issued in connection with this debt settlement will be subject to a hold period of four months from the date of issuance. The arrangement is subject to approval of the TSX Venture Exchange.

ON BEHALF OF THE BOARD

“David M. Patterson”

CEO

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

{00353792;1}

Suite 1200, 888 Dunsmuir Street, Vancouver, BC V6C 3K4 - Phone: 604 683-0564