Global Platinum + Gold, Inc. Announces Assay Results from Production

5-16-2007 

SCOTTSDALE, Ariz., May 16, 2007 (BUSINESS WIRE) – The following is being issued by Global Platinum + Gold, Inc. (Pink Sheets:GPGI):

Global is pleased to announce that it has hand delivered three samples from production runs to our buyer located on the West Coast. All three samples showed a purity level close to 99.9% pure, which indicated both a recovery and level of purity beyond our expectations. Global cautions however that assays may not be indicative of actual recovery when the final product is sold to the refiner. Final recovery figures will not be published until a sufficient quantity of gold is accumulated for sale.

Management intends to continue to run production on a limited scale until expansion can be accommodated. We have been able to streamline the process, and thus cut costs considerably.

The Company’s audited financial statements for its past two fiscal years ended May 31 are presently under review by our auditing firm and when completed will be published both on Global's website and the Pink Sheets.

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.