June 30, 2008
Tao Minerals Retains Highly Qualified Professionals to Execute the Upgrade and Operation of the El Colmillo Gold Mine
Tao Minerals, Ltd. (OTCBB: TAOL) is pleased to announce the engagement of a knowledgeable, highly qualified management and operations team, which will be tasked with the mission of supervising and executing the upgrade and subsequent operation of the El Colmillo Gold Mine and processing facility. Tao has contracted with Minera Prime Cap Resource SA, a respected mineral and geological consulting company, based in Medellin, Colombia, to provide these services.
Heading up the team as project general manager will be Juan Restrepo Gutierrez, General Manager of Minera Prime Cap Resource SA, the resources of which will be available to the El Colmillo project. Mr. Restrepo Gutierrez has worked as a consultant for several companies in the mining and industrial sectors. He has also worked in the electronic maintenance industry and in the nonferrous foundry industry, where he gained several years of management experience. Mr. Restrepo Gutierrez has a Bachelor in Geology and a Master of Science in Geology from University of South Florida, Tampa. He has taken specialization courses in project management, sales and service management, strategic marketing management and quality control under ISO 9000. He has taught Optical Mineralogy and Igneous and Metamorphic Petrology at the Universidad Nacional de Colombia. He also has taught courses at the Universidad Pontificia Bolivariana and Colegiatura Colombiana de Diseno.Assisting Mr. Restrepo Gutierrez in the area of engineering (mining and metallurgy) will be Prospero Enrique Benavides Socarras, who received his engineering degree from Universidad Nacional de Colombia. Mr. Benavides Socarras has 18 years of experience in mining and exploitation in both open pit and underground gold, silver and platinum mines. He has also worked as a manager and an administrator for both private and governmental entities including work for the Mining Office, Antioquia and Bolivar Governments. Some of his experience includes stints with Frontino Gold Mines, Ltda. (underground mining), Mineros SA (alluvial exploitation), Cementos Del Valle and Carbones Del Caribe, as well as consulting for Excomin, Ltda. Mr. Benavides Socarras currently is currently working as a consultant for Minera Primecap Resources SA, where he will be focusing on the engineering aspects of the El Colmillo Gold Mine project.
Commenting on this announcement, Jim Sikora, President of Tao Minerals, Ltd., stated, "I am very pleased that Tao now has a locally expert, first class team in place to supervise and execute the upgrading and initiation of operations at the El Colmillo Gold Mine. This will allow us to immediately begin work on these activities upon the arrival of the next tranche of financing, which is anticipated in the very near future. We are close to the realization of our goal of making El Colmillo an extremely profitable producing gold mine."
About Tao Minerals, Ltd.
Tao Minerals (OTCBB: TAOL) is a junior exploration company based in Medellin, Colombia. Tao is successfully positioning itself as a leader in gold exploration in Colombia through key acquisitions of properties with exceptional potential for low extraction cost deposits. Tao's focus in calendar 2008 is on the upgrading and initiation of operations of its El Colmillo mine, which offers the potential to quickly provide a strong revenue stream, able to fund exploration activities on the estimated high grade gold deposit of its Golondrina property and finance additional acquisitions, while greatly enhancing shareholder value.
Notice Regarding Forward-Looking Statements
This news release contains "forward-looking statements," as that term is defined in Section 27A of the United States Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Statements in this press release which are not purely historical are forward-looking statements and include any statements regarding beliefs, plans, expectations or intentions regarding the future. Actual results could differ from those projected in any forward-looking statements due to numerous factors. Such factors include, among others, the inherent uncertainties associated with mineral exploration. These forward-looking statements are made as of the date of this news release, and we assume no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those projected in the forward-looking statements. Although we believe that the beliefs, plans, expectations and intentions contained in this press release are reasonable, there can be no assurance that such beliefs, plans, expectations or intentions will prove to be accurate. Investors should consult all of the information set forth herein and should also refer to the risk factors disclosure outlined in our annual report on Form 10-KSB for the 2007 fiscal year, our quarterly reports on Form 10-QSB and other periodic reports filed from time to time with the Securities and Exchange Commission.
President & CEO
Contact Info: Shawn Van Damme Tao Minerals Investor Relations 1-877-512-1120 [email protected]www.Taomining.com Or Mark Cohen CEO Cohen Consulting 718-428-7651 Email: [email protected]www.cohenconsultingIR.com
SOURCE: Tao Minerals Ltd.