Global Platinum + Gold, Inc. Announces Funding for Plant and Equipment

2-8-2005

SALT LAKE CITY, February 8 /PRNewswire/--The following is being issued by Global Platinum + Gold, Inc. (OTC: GPGI-news):

Global is pleased to announce that it has secured the funding to build and equip a plant for the commercial extraction of gold and platinum. The proposed location of the plant is approximately 10 miles south of Coolidge, AZ. The building will have approximately 10,000 sq. ft. of production area, and will include additional space for a fully equipped laboratory, chemical preparation facility, and office. The lender has indicated it is ready to commence funding the construction and equipping of the plant immediately.

There is some uncertainty as to when the plant will be completed and commercial production commences, but Management is hopeful the same can be finished within 90 days. 

Provisions for additional working capital financing are underway and expected to be completed prior to the opening of the plant.

Global acknowledges its debt of gratitude to its many shareholders for weathering its many ups and downs; however, the future of this company has never been more positive. We ask for your continued support.

This communication to shareholders and the public contains certain forward looking statements. Actual results may differ materially from those indicated by such statements. All statements, other than statements of historical fact, included herein, including, without limitation, statements regarding estimated reserves, estimated future production, and the value thereof, are forward looking statements that involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements.