SOURCE: IO Circuit

July 11, 2006 12:05 ET Announces $2.75 Price Target for TAOL

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

LAKE HARMONY, PA -- (MARKET WIRE) -- July 11, 2006 -- Tao Minerals LTD. (OTCBB: TAOL) is conducting an extensive trenching program on its Golondrina property. Trench samples continue to indicate extensive high-grade gold concentrations at or near the surface. TAOL is on track for major expansion and rising revenues.


Tao Minerals LTD. is a gold exploration company focused on acquiring and developing mining properties in Colombia. The company has acquired and begun sampling at its Golondrina gold and silver property where final results from its recent trenching program indicate high-grade gold values up to 72.87 grams per tonne. Additional till sampling and analysis during the summer is expected to result in several more target areas within the Golondrina's more concentrated vein structures using rudimentary manual extraction methods. The company is working diligently to determine precisely how rich and extensive the deposits are.

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