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 (, 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."

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