Tao Minerals Ltd.

Tao Minerals Ltd.

December 01, 2010 11:16 ET

Britanico Security Group Commences Security Review of the Mutata Project for Tao Minerals Ltd.

MEDELLIN, COLOMBIA--(Marketwire - Dec. 1, 2010) - Tao Minerals Ltd. (Tao) (PINK SHEETS:TAON) announces that Britanico Security Group (Britanico) will commence a full security review of the Mutata project that Tao has entered into a letter of intent to purchase. As part of the 90 day assessment period of the highly prospective Mutata gold and platinum project, Britanico's team will be investigating the overall security climate in the Uraba region and provide a comprehensive, detailed report for Tao. The prospective Mutata acquisition consists of four concessions that are located approximately 200 kilometers north of Medellin in the northwest region of the Antioquia Department known as Uraba. Collectively the concessions cover an area of over 21,000 hectares and the region has good political stability as well as a strong government military presence. Britanico will compile their findings along with intelligence reports provided by the Colombian army, local police agencies and available foreign intelligence as part of this undertaking.

Britanico Security Group is a registered company within Colombia that is based in Medellin. Further information on Britanico is available by going to the company website at http://www.britanicosecuritygroup.com.

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.

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 equity financings, the use of the funds received from the equity financing for operational costs, 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.

Contact Information

  • Tao Minerals Ltd. - Medellin, Colombia
    James Sikora
    President & CEO