Global Finishing, Inc.
FRANKFURT : G8BA

Global Finishing, Inc.

June 26, 2008 00:01 ET

Global Finishing, Inc.: Announcement

QUEBEC CITY, QUEBEC--(Marketwire - June 26, 2008) - Global Finishing, Inc. (FRANKFURT:G8BA) is pleased to report the signature of a Letter Agreement to Acquire all outstanding shares of COMPANIA MINERA MONTE- VERDE S.A. COMIMONTSA in exchange for 6,000,000 restricted shares of Global Finishing, Inc.

The closing of the transactions contemplated by the Agreement is subject to a number of conditions including: (i) obtaining all necessary regulatory approvals; (ii) the Company being satisfied with the results of its due diligence with respect to COMPANIA MINERA MONTE- VERDE S.A. COMIMONTSA; and (iii) entering into a definitive share purchase agreement

COMPANIA MINERA MONTE- VERDE S.A. COMIMONTSA owns 100% interest in the Maria Olivia Concession within the prospective gold and silver bearing vein systems in the Occidental Andean Cordillera primarily the Gen and Cristina veins.

DESCRIPTION AND LOCATION: Maria Olivia Concession, Concession # 301052.

The Maria Olivia concession lies in the northwest corner of the Portovelo-Zaruma mining camp, which is found in the cantons of Ayapamba and Paccha, Province of El Oro, southern Ecuador.

The project covers an area of 1,067.2 hectares and area of is situated about 175 kilometers southeast and 60 kilometers east of the major Pacific port cities of Guayaquil and Machala, respectively. It lies on the western slope of the Andes Mountains, part of the Western Cordillera which runs the length of the west coast of North and South America.

A recent 43-101 report states that it is probable that a resource of greater than 1.96 million tons, with a somewhat lower grade in the order of 10 g/T (due to dilution by secondary veins and disseminations) could produce 19.6 million g (612,500 oz) Au. No estimate of the economic value derived from silver or sulphide concentrate has been made, but it would add a significant amount to the value of this resource.

The property is located approximately18 km from the Yellow River Processing Facility and approximately 20.5 km from the Grand Gold Mine. Global Finishing, Inc. is planning to begin underground mining operations and have a milling agreement with the Yellow River processing plant.

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