SOURCE: Gold & Silver Minerals

May 31, 2007 08:30 ET

Gold & Silver Minerals Inc. Announces Frankfurt Stock Exchange Listing

LAS VEGAS, NV--(Marketwire - May 31, 2007) - Gold & Silver Minerals Inc. (PINKSHEETS: GSML) is pleased to announce that it has commenced trading on the Frankfurt Stock Exchange ("FWB" -- Frankfurter Wertpapierb) in Germany under the trading symbol (FRANKFURT: G9S).

The Frankfurt Stock Exchange is one of the most respected exchanges in Europe. This listing will enable G&S Minerals Inc. to attract European institutional and individual investors. Recently, there has been an influx of junior resources companies listing on the Frankfurt market, resulting in increased growth in shareholder awareness and shareholder value of those companies.

Larry K. Davis, Investor Relations, stated, "This is a significant milestone in the development of G&S Minerals for many years to come. A European listing will aid significantly in G&S's growth through potential European institutional and private investors. There currently is a large market for junior-listed resources companies in Europe, especially for companies that have above average projects. Gold & Silver fits this trait, and we feel that the timing for introducing the Company to a global marketplace as the metals markets hover at all time highs couldn't be better; this should add substantial value for our current and future shareholders. Several North America trading resource companies that have listed in Europe recently, have seen an increase in liquidity and market attention.

ABOUT THE FRANKFURT STOCK EXCHANGE (FWB)

FWB Frankfurter Wertpapierb (Frankfurt Stock Exchange) is one of the world's largest trading centres for securities. Operated by the Deutsche B AG, FWB is the largest of the eight Germany stock exchanges. The Deutsche B's products and services portfolio cover the entire process chain including securities and derivatives trading, transaction settlement, the provision of market information, as well as the development and operation of electronic trading systems. For more information, visit the Deutsche B at: http://deutsche-boerse.com.

La Millonaria Property

La Millonaria is a 20-30 meter wide, intensely silicified and stockwork veined, east-west trending structure that can be traced on surface for a minimum distance of 600 meters, with additional workings present up to 2 kilometers along strike. Scattered prospects and adits are present along the structure and selective historical mining has reported recoveries of 10 g/ton gold on average. In 1993, Direccion General de Fomento Economico, a state agency, undertook a study of the waste dumps at La Millonaria and estimated an average grade of 9.702 g/t gold and 23 g/t silver.

The structure at La Millonaria appears to be strongly mineralized and hosts the potential to significantly expand the current mineralized zone and merits further sampling and exploration to further quantify the distribution of precious metals. It also has the potential to generate cash flow in a relatively short to intermediate timeframe by processing the approximately 30,000 tonnes of mineralized ore material already on the property.

About G&S Minerals Inc.

G&S Minerals Inc. dba Gold & Silver Minerals is a growing mining company focused on acquiring and developing high quality, low risk resource 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 OTCPK as "GSML." For additional information, please visit www.gold-silverco.com

Contact Information

  • Contact:
    Investor Relations
    Larry K. Davis
    Bravo International Services
    1534 Hampshire Rd.
    Victoria, B.C. Canada V8R 5T5
    250-595-7714

    Gold & Silver Minerals
    Corporate Address:
    723 S. Casino Center Blvd.
    Las Vegas, NV 89101-6716

    To receive timely updates and information on any future developments as
    they occur please email us at info@gold-silverco.com.