District Metals Corp.TSXV: DMX

Global Minerals Ltd. - Retraction of Recent News

· Issued by District Metals Corp. via CNW

TSX Venture Exchange

Symbol: CTG

Frankfurt Exchange

Symbol: DFB

VANCOUVER, Feb. 7 /CNW/ - Global Minerals Ltd. (the "Company") - further to its news release of today's date regarding the Metallurgical Report completed for the Strieborna Mine, the Company retracts all quantified forward looking production statements in the news release. The disclosure was inappropriate as the Company does not have a compliant current resource estimate.

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

This press release was prepared by George Heard, B. Sc., MBA, P. Eng., a qualified person in accordance with National Instrument 43-101 Standards of Disclosure for Mineral Projects.

Global Minerals Ltd.

"George Heard"

George W. Heard

President and CEO

The TSX Venture Exchange has not reviewed and does not accept

responsibility for the adequacy of this release.