SOURCE: Gold & Silver Minerals

November 14, 2006 11:20 ET

/ CORRECTION -- Production Plant Design Commences at La Millonaria Site

LAS VEGAS, NV -- (MARKET WIRE) -- November 14, 2006 -- In the news release, "Production Plant Design Commences at La Millonaria Site," issued earlier today by Gold & Silver Minerals (PINKSHEETS: GSML), we are advised by the company that the subheadline should read "Survey of Road Leading to the Mine Complete and Construction to Begin November 20, 2006" rather than "Survey of Road Leading to the Mine Complete and Road Construction Begins" and the end of the second paragraph should include two sentences that read "These are estimates and should not be relied upon. The actual metals economically recoverable from the site may be materially different and are dependent upon many factors, including the technology available, the reliability of the earlier assays and the cost of extracting such metals." Additionally, minor edits have been made throughout the release. Complete corrected text follows.

Production Plant Design Commences at La Millonaria Site

Survey of Road Leading to the Mine Complete and Construction to Begin November 20, 2006

LAS VEGAS, NV -- November 14, 2006 -- G&S Minerals, Inc. (PINKSHEETS: GSML) (dba Gold & Silver Minerals) (the "Company," www.gold-silverco.com) is pleased to report that its joint venture partner, Tara Gold Resources Corp., has begun preliminary designs of a mill production plant at the La Millonaria site in the Sierra Madre Occidental gold-silver belt in Mexico. By making certain payments to Tara Gold as outlined by the joint venture agreement signed on October 30, 2006, the Company has an option to earn up to a 55% interest in the La Millonaria mine.

In addition, the survey for a new road leading to the La Millonaria property has been completed and construction is scheduled to begin on November 20, 2006. Completion of the road is critical to transport the necessary equipment to begin construction of the production plant and to deliver the refined ore to market. The road will also allow our professionals access to explore the 20-30 meter wide intensely silicified and stockwork-veined east-west trending structure on the property. Our near-term objective for this project is to process the existing ore tailings at La Millonaria, which (according to preliminary assays obtained by Tara Gold) contain an estimated 30,000 tons of material with a grading of 9.702 grams of gold per ton and 23 grams of silver per ton. These are estimates and should not be relied upon. The actual metals economically recoverable from the site may be materially different and are dependent upon many factors, including the technology available, the reliability of the earlier assays and the cost of extracting such metals.

President and CEO of Tara Gold, Mr. Francis Biscan, Jr., added, "We are excited to have Gold & Silver Minerals as our partner, since they recognize the potential of La Millonaria. The property will now begin to see the advancement it warrants to define the many areas of mineralization that exist on site."

"We're pleased and excited to begin construction activities at La Millonaria," said Mr. Charles Brown, President of Gold & Silver Minerals. "The quality and potential of this site fits well with our goal to become competitive in this region and generate value to our shareholders."

About G&S Minerals, Inc.

G&S Minerals, Inc. (dba Gold & Silver Minerals) is a mining company focused on acquiring and developing high quality, low risk resource and energy prospects. The company is aggressively pursuing opportunities to develop working interests in mineral properties that offer short time to production as well as significant upside exploration potential. By leveraging an extensive network of industry contacts, management expertise, smart acquisitions and a strong market for minerals, Gold & Silver Minerals is working to build rapid asset growth, near-term cash flow, market interest and shareholder value. Gold & Silver Minerals trades on the OTC "pink sheets" as "GSML." For additional information, please visit www.gold-silverco.com.

Safe Harbor Statement

Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: The statements contained herein which are not historical are forward-looking statements that are subject to risks and uncertainties that could cause actual results to differ materially from those expressed in the forward-looking statements, including, but not limited to, certain delays beyond the Company's control with respect to technology, government regulation, the active and volatile market for the Company's products, the political uncertainties of operations in foreign countries and other risks detailed from time to time in the Company's filings with regulatory bodies or released to the public.

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