Global Platinum + Gold, Inc. Announces Completion of Funding & Increase in Production

7-3-2007 

SCOTTSDALE, Ariz., July 3, 2007 (BUSINESS WIRE) – The following is being issued by Global Platinum + Gold, Inc. (Pink Sheets:GPGI)

Management is pleased to announce that, after several months of delay, the buyer of the property previously sold by Global has been completed, with net proceeds to the Company in excess of $1,000,000. This inability of the buyer to pay the final installment on the property has delayed the expansion of gold production at our new plant facility. The Company has been producing gold during this interim period, only at a minimum level due to lack of the required amounts of  “inquart” (pure gold utilized in the leaching process). This long awaited funding will allow the Company to purchase the necessary gold inquart to increase production to, the maximum allowed under the Arizona Department of Environmental Quality exemption before an Aquifer Protection Permit will be required. The data accumulated over the next 90 days will provide the basis for our engineers to apply for the Aquifer Permit Application.

Management fully understands that the bottom line for the future success of Global is steady and consistent production over a period of time to validate once and for all the efficacy of the process developed by Russell Twiford, Vice-President of Operations. Since the plant has been mostly completed, (excepting some interior build-out to be completed ASAP). The results from production, which has consisted of a number of small production runs, have been satisfactory, and in line with expectations.

It will take approximately two weeks for the new gold inquart to be delivered and new equipment installed. Management is absolutely committed and excited to finally have the resources and opportunity to demonstrate to its shareholders and the investing public this process is more than economically viable. Management looks forward to publishing periodic results of operations as they become available.

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.