*****PR Release******
Tao Minerals Receives First Payment From $1,000,000 Financing
Tao Minerals, Ltd. (OTCBB: TAOL) is pleased to announce that it has received the first tranche of US$125,000 from the newly completed $1,000,000 financing announced on April 10, 2008. An additional tranche of $500,000 will follow soon, with the remaining $375,000 to be delivered in approximately 3 months. The receipt of the initial tranche and the imminent arrival of the others mark the first of a number of steps which will enable the company to quickly move forward to achieve its near and mid-term development goals.
In the interest of updating shareholders and potential investors, Tao is in the process of compiling, in detail, information on the company's operational status with a special focus on its plans for the upgrading of the El Colmillo mine and mill facilities. This information will appear in upcoming announcements, the first of which will be released within 10 days.
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 Golandrina 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. Such forward-looking statements include, among other things, the acquisition of a majority interest in two properties located in Narino Department, Southwest Colombia. 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 2006 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:
Shawn Van Damme
Tao Minerals
Investor Relations
1-877-512-1120
Svd@Taomining.com
www.Taomining.com
Source: Marketwire (April 24, 2008 - 10:20 AM EDT)
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