SOURCE: IO Circuit

October 31, 2006 06:00 ET

$1.22 Intermediate Price Target Issued by Market Advisors for (OTC: GSML)

NOTE TO EDITORS: The Following Is an Investment Opinion Being Issued by the IO Circuit.

LAKE HARMONY, PA--(Marketwire - October 31, 2006) - G&S Minerals, Inc. (PINKSHEETS: GSML) dba Gold & Silver Minerals (www.gold-silverco.com), a growing mining company focused on acquiring and developing high quality, low risk resource and energy prospects, announced today that it had entered into a Joint Venture Agreement on the La Millonaria property with Tara Gold Resources Corp., to earn up to a 55% interest in the property by making certain payments to Tara Gold Resources, issuing 7,000,000 restricted shares, making all remaining underlying payments, and spending at least $3 million over the next 30 months.

President and CEO Mr. Charles Brown commented, "We are excited to finalize this agreement and position Gold & Silver Minerals in leveraging the huge mineral potential in the Sierra Madre Occidental gold-silver belt in Mexico. This agreement immediately allows us to begin generating value for our shareholders and creating the potential for positive cash flow."

To read the complete release, go to http://www.pinksheets.com/quote/news.jsp?url=fis_story.asp%3Ftextpath%3DCOMTEX%5Ciw%5C2006%5C10%5C30%5C84999479.html%26clientid%3D168%26provider%3DInt ernet_Wire&symbol=GSML

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