Tao Minerals Ltd.

Tao Minerals Ltd.

August 18, 2010 09:01 ET

Britanico Security Group Commences Security Assessment at El Colmillo Gold Mine for Tao Minerals Ltd.

MEDELLIN, COLOMBIA--(Marketwire - Aug. 18, 2010) - Tao Minerals Ltd. (Tao) (PINK SHEETS:TAON) is pleased to announce that Britanico Security Group (Britanico) has commenced their full security assessment of the El Colmillo Gold Mine project. As announced in June, 2010 Tao had entered into an agreement with Britanico to provide full security services as it prepares to resume mining operations at the El Colmillo Gold Mine project. Britanico Security Group is a registered company within Colombia that is based in Medellin. The Britanico team is comprised of highly trained, qualified professionals who are mainly ex- British Forces with many years of experience in risk management and security within South America, Afghanistan, Iraq, Europe, and the U.K. During the upcoming weeks Britanico's team will be investigating the overall security climate in the El Colmillo region working towards a comprehensive, detailed plan tailored for Tao's needs at the mine site. Britanico will compile intelligence reports provided by the Colombian army, local police agencies and available foreign intelligence as part of this undertaking. Further information on Britanico is available by going to the company website at http://www.britanicosecuritygroup.com.

Tao geologists estimate that a substantial amount of gold could be produced from the known mineralization at the El Colmillo project. No value has been placed on additional revenue from any additional precious and base metals that are contained in that ore. The gross value could be increased significantly by the probability of the existence of additional sub parallel veins, as well as by continuity of all mineralized structures along strike zones, both to the north and south of the known workings.

Tao Minerals Ltd. is a mining exploration and development company formed to acquire, develop, and exploit natural resource properties focusing primarily on the rich, yet highly underdeveloped gold deposits of Colombia doing so in a socially and environmentally responsible manner. Tao's primary commitment at the present is the initiation of operations of the El Colmillo mine, which offers the potential to quickly provide a strong revenue stream as Tao moves forward to becoming a growth oriented gold producing company.

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 receipt of further funds from the equity financing, the use of the funds received from the equity financing for operational costs at the El Colmillo gold mine, the extent to which such funds will cover operational costs or upgrades, or that mine operations will commence or be upgraded. 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.

Tao Minerals Ltd.

James Sikora, President & CEO

Medellin, Colombia

Contact Information

  • TAO Minerals Ltd.
    James Sikora
    President & CEO
    Stock Profiler US LLC Investor Relations
    1 603 424 4420