STATUS REPORT / GLOBAL PLATINUM + GOLD, INC.

11-26-2007 

Since the Company’s last News Release dated August 30, 2007, the Company has been engaged in continuous production in a concentrated and diligent effort to increase the recovery of gold from its proprietary leaching process.  The Company has received numerous inquiries regarding progress and recovery information.  In an attempt to answer those questions fully and fairly, shareholders should be aware that the transition process from the lab, to a pilot plant, to full production has proven to have its unique challenges and results to date have been less than hoped for.  When larger quantities of leach solution are processed, the recovery has been less than the recovery obtained from lab and pilot plant operations.  Management is doing everything in its power to correct this problem.  It would be helpful if we had the financial resources to assign a team of chemical engineers to address the production problems, but we do not, so the approach is one of a careful and methodical approach and analysis of each run.  For example, after each run is completed, the same is processed into gold bars, tested for purity and hand delivered to the refiner for their final analysis.  During this period of generally 3 to 5 days, no production is undertaken until we ascertain the exact recovery and determine the next step to improve same.  In each run we are using pure inquart (pure gold in solution) rather than reusing the inquart to ensure consistent purity of the end product.

Once we have determined the process works consistently with an acceptable initial recovery rate of 3 to 4 ounces of gold per 1,000 gallons of leach solution, full-scale production can commence.  Management is aware this approach is, by definition, slow and frustrating to the Company’s shareholders and we ask for you continued support and patience while we solve these problems.  We remain confident we can and will do so in a timely manner.

 J. Scott Gardner

President

For information contact:

Robert J. Nielson 801-573-4131

nielsonrj@aol.com for written inquiries

This communication to shareholders and the public contain certain forward looking statements. Actual results may vary 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.