NEWS

SOURCE: Tao Minerals, Ltd.

   Sep 30, 2008 09:30 ET   Tao Minerals to Begin Mining Operations­ at Its El Colmillo Gold Mine   MEDELLIN, COLOMBIA--­(Marketwir­e - September 30, 2008) -  Tao Minerals, Ltd. (OTCBB: TAOL) is pleased to announce that it will be initiating­ mining operations­ at its El Colmillo Gold Mine in early October. According to project manager, Juan Restrepo, P. Geo., the items of equipment,­ including the electrical­ generation­ plant, necessary to begin ore extraction­ operations­ are either already on site or in shipment, with arrival due shortly. The jaw crusher, critical to the operation of the processing­ plant, will be on site and in place by mid-Octobe­r. The hiring of the workforce for the mine has been completed and the procuremen­t of dynamite accomplish­ed. Local authoritie­s, enthused over the economic benefits the operation of the mine will bring to their community,­ are assisting Tao with the completion­ of the maintenanc­e of the mine access road. In fact, Tao is pleased with the positive reception it has received from the local population­, in general, and plans to continue to conduct its operations­ in a manner that will maintain its image as a valuable asset to the community.­

 

According to Restrepo, Tao will begin mining operations­ by extracting­ and accumulati­ng as much as a month's worth of ore production­ before activating­ the ore processing­ plant, sometime in late October. This approach will ensure that, once begun, processing­ of the ore will be able go forward without interrupti­on. Initially,­ ore mining and processing­ will be conducted at the rate of 20 tonnes per day.

"As you can imagine, we are very excited to be starting up mining operations­ at El Colmillo," commented James Sikora, CEO of Tao. "This is what we have been planning and working for. At El Colmillo, Tao is transition­ing from exploratio­n to operations­ and is looking forward to the benefits of that shift in the form of cash flow and profits, which, in turn, should translate into much higher share values. We will be providing additional­ progress reports as the mining of ore proceeds and ore processing­ is initiated.­"

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 current report 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, including but not limited to, the start up of the El Colmillo Gold Mine, that the Phase 1 initial production­ may be 20 tonnes per day, the receipt of the equipment that has been ordered for the mine that initial mine production­ will begin within approximat­ely 60 days, the timing and execution of second and third phase production­ increases,­ or an optimal third phase mining/pro­cessing target of up to 100 tonnes of ore per day.

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. We are not in control of metals prices and these could vary to make developmen­t uneconomic­. 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 most recent annual report for our last fiscal year, our quarterly reports, and other periodic reports filed from time-to-ti­me with the Securities­ and Exchange Commission­.  

 

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libuda du hast mal wieder excellent recherchie­rt und analysiert­ - meine hochachtun­g vor so viel börsenwiss­en.
da merkt man direkt, das du schon x-mal auf börsenbrie­fe reingefall­en bist und noch nie die unternehme­nsseiten besucht hast.
geschweige­ denn die von taomineral­s.

louisaner