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Gold &Amp; Silver Minerals, LLC Signs Joint Venture Agreement With Astrologer Mine Near Silver City, New Mexico

Posted on: Monday, 7 August 2006, 15:00 CDT

Gold & Silver Minerals, LLC (PINKSHEETS: HBID), a Nevada corporation (the "Company"), today announced a definitive agreement to form a Joint Venture with Astrologer Mine, a wholly-owned subsidiary of H&S Mining, LLC, for the purpose of assessing and acquiring gold, silver and other precious metals on the existing property. The property is located near Silver City, New Mexico, a region well known for its abundance in precious metals and minerals.

The formation of the venture will combine the resources and contacts of both parties and turn the Company into a significant participant in the precious metals exploration and mining industry in the region. Charles Brown, President of Gold & Silver Minerals, LLC, stated, "This Joint Venture represents a tremendous opportunity for Gold & Silver Minerals to position itself quickly into a significant share of the rich mining interests in this region of the US. We are pleased to be associated with H&S Mining, which has made considerable progress and has already established a strong mining presence in the Silver City. In addition, through independent assays of the property, we have concluded potential in-ground core value reserves of $60,000,000 USD."

"We are pleased to enter into this Agreement with Gold & Silver Minerals," said Don Snodgrass, President of H&S Mining, LLC. "Our strategy with this Joint Venture is to leverage our properties and allow the parties to fully develop a diverse portfolio of high potential projects."

Under the terms of the agreement, the Company will issue one million shares of restricted stock at $3.00 per share to H&S Mining, and an additional 750,000 shares in six months. The final payment of 750,000 shares will be due on the anniversary date of closing, for a total of 2.5 million shares. Additional capital contributions by the Company of $600,000 will also be paid to the Joint Venture to purchase land and construct a mining mill to process product from the mine. The Company's purchase of 50% interests in the Astrologer Mine includes the rights to process metal ore at a minimum rate of 100 tons per day.

About H&S Mining

H&S Mining, LLC is focused on mineral exploration within its established mining properties in Southeastern New Mexico. H&S has acquired and developed a diverse portfolio of gold, silver, base metal and other precious metals properties which provide exposure and leverage both to discovery and to the increased global demand for natural resources.

About Gold & Silver Minerals, LLC

Gold & Silver Minerals, LLC is a company that focuses on growing its assets and revenue base in the area of production and exploration of minerals. Areas of interest include, but not limited to, Gold, Silver, Uranium, Coal, Oil and Gas. We believe that these sectors hold the most promise for market interest, asset, growth and near term cash flow, with underlying fundamentals that provide an outlook for stable to growing product prices. Gold & Silver Minerals trades on the OTCPK as "HBID." As of March 31, 2006, Gold & Silver has obtained Olde Monmouth Stock Transfer Co., as its transfer agent. The previous transfer agent, Securities Transfer Corporation, has no authority to perform the function as transfer agent for the new company and management team. Furthermore, it is anticipated that Hot Brands, Inc. will undergo a name change to reflect its corporate name to Gold & Silver Minerals once the name is available.

For additional information, please visit www.gold-silverco.com

Safe Harbor Statement

The information contained in this press release, other than historical information, consists of forward-looking statements within the meaning of Section 27A of the Securities Act and Section 21E of the Exchange Act. These statements may involve risks and uncertainties that could cause actual results to differ materially from those described in such statements. Although the Company believes that the expectations reflected in such forward-looking statements are reasonable, it can give no assurance that such expectations will prove to have been correct. Important factors beyond the Company's control, including general economic conditions, consumer spending levels, competition from toy companies, motion picture studios and other licensing companies, the uncertainty of public response to the Company's properties and other factors could cause actual results to differ materially from the Company's expectations.

 Contact: Investor Relations Dennis Wilson Kaiden-Daniel IR (704) 370-3430 dennis@kaidendaniel.com

SOURCE: Gold & Silver Minerals

Source: MARKET WIRE

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