SOURCE: Tao Minerals Ltd.

August 06, 2008 09:30 ET

Tao Minerals Receives Additional $150,000 to Continue Funding Upgrade of El Colmillo Gold Mine

MEDELLIN, COLUMBIA--(Marketwire - August 6, 2008) - Tao Minerals, Ltd. (OTCBB: TAOL) is pleased to announce that it has received an additional tranche of $150,000 from a previously announced financing agreement. This elevates the total amount of funds received to $400,000.

This $150,000 will be utilized to continue the upgrade of the El Colmillo Mine and processing facility. Details regarding specific purchases of equipment and other expenditures from this tranche will be forthcoming in a future news release.

About Tao Minerals, Ltd.

Tao Minerals (OTCBB: TAOL) is a junior exploration company based in Medellin, Colombia. Tao is successfully positioning itself as a leader in gold exploration in Colombia through key acquisitions of properties with exceptional potential for low extraction cost deposits. Tao's focus in calendar 2008 is on the upgrading and initiation of operations of its El Colmillo mine, which offers the potential to quickly provide a strong revenue stream, able to fund exploration activities on the estimated high grade gold deposit of its Golondrina property and finance additional acquisitions, while greatly enhancing shareholder value.

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, making the required payments to Agrominas De Colombia, LTDA for the completion of the acquisition of the interest in the El Comillo mine, completion of the Phase 1 mine upgrade program, and the anticipated expenses and capital costs associated with the reactivation plan.

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.

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