Consolidated Global Minerals Ltd.

Consolidated Global Minerals Ltd.

March 22, 2005 09:24 ET

Cash Mine Update: Consolidated Global Minerals Ltd.


NEWS RELEASE TRANSMITTED BY CCNMatthews

FOR: CONSOLIDATED GLOBAL MINERALS LTD.

TSX VENTURE SYMBOL: CTG

MARCH 22, 2005 - 09:24 ET

Cash Mine Update: Consolidated Global Minerals Ltd.

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - March 22, 2005) -
Consolidated Global Minerals Ltd. (TSX VENTURE:CTG) -

Approximately 450 ft. of a planned 500 ft. crosscut has been driven at
the Cash Mine near Boulder, Colorado. The adit was stopped at the
intersection of the Freiberg vein on the third level of the Cash Mine.
The mining crew is currently collaring the adit. Once completed, a mine
refuge station will be excavated and drifting on the Freiberg vein will
proceed until the Cash Mine level three workings are reached
(approximately 50 ft. of crosscut).

Three samples were taken where the adit intersects the Freiberg vein and
the results are presented below:



Sample No. Au Ag Pb Zn
-----------------------------------------------------
oz/ton oz/ton % %

1 F 2.662 36.890 1.540 4.850
2 F 0.698 6.400 NA NA
3 F 0.375 2.660 NA 4.350


The samples were channel samples taken from the face, roof and floor of
the drift.

Historical sampling on the Freiberg vein averaged 0.89 oz/ton gold and
6.12 oz/ton silver over a strike length of 600 ft. on the third level of
the Cash mine. This is the average of 145 samples taken across the vein.
Complete verification of the historical sampling on the vein is not
complete. This will be done once access through the portal has been
achieved.

Prior sample analysis was taken from reports provided to the Company by
the property owner and so far are only partially verified by the Company.

Current analysis was performed by Loring Labs of Calgary and the
qualified person responsible is George Heard.

After breakthrough to the third level of the mine, conversion to rail
haul will be completed along with the additional sampling and trial
stoping.



Consolidated Global Minerals Ltd.

"George Heard"
George W. Heard
President


This press release, required by applicable Canadian laws, is not for
distribution to the US news wire services or for dissemination in the
United States, and does not constitute an offer of the securities
described herein.

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Contact Information

  • FOR FURTHER INFORMATION PLEASE CONTACT:
    Consolidated Global Minerals Ltd.
    George Heard
    President
    (604) 632 0085
    (604) 605 0009 (FAX)
    gwheard@cgmltd.com
    The TSX Venture Exchange has not reviewed and does not accept
    responsibility for the adequacy of this release.