Tao Minerals Receives Tranche of $100,000 From Previously Announced Financing
Tao Minerals, Ltd. (OTCBB: TAOL) announced today that they have received a second tranche in the amount of $100,000 from a previously announced financing. Tao will utilize these funds to advance the El Colmillo Gold Mine Project, currently the company’s primary development focus. Details of precise expenditures, for mine upgrades, etc., of the money from this tranche will be set forth in an imminent, upcoming news release.
Jim Sikora, President of Tao Minerals, Ltd. was pleased to comment, “The receipt of this money advances us one step closer to the realization of our goal to upgrade El Colmillo into a modern and profitable producing gold mine, the result of which should markedly enhance our share value. Our plans for this project are now coming to fruition and we expect to be able to report more progress toward that end in the very near future.”
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.
Contact Info: Shawn Van Damme Tao Minerals Investor Relations 1-877-512-1120 Svd@Taomining.comwww.Taomining.com Or Mark Cohen CEO Cohen Consulting 718-428-7651 Email: firstname.lastname@example.orgIR.com
SOURCE: Tao Minerals Ltd.