SOURCE: Gold & Silver Minerals

June 19, 2008 16:10 ET

G & S Minerals Announces Filing of Its Company Information and Disclosure Statement Pursuant to Rule 15c2-11 With Pink Sheets

LAS VEGAS, NV--(Marketwire - June 19, 2008) - G & S Minerals, Inc. dba Gold & Silver Minerals ("G&S" or the "Company") (PINKSHEETS: GSML) (FRANKFURT: G9S), a mining company focused on developing high-quality and low-risk mineral resource and energy prospects, announced that it had recently filed its Company Information and Disclosure Statement Pursuant to Rule 15c2-11 on the Pink Sheets website. The filed information is now available for review on the Pink Sheets website operated by Pink OTC Markets Inc.

The filed disclosure statement contains information about the Company as outlined in Securities and Exchange Commission Rule 15c2-11 in accordance with the Pink Sheets Guidelines for Providing Adequate Public Disclosure. It includes general Company information, an overview of ongoing development projects, information regarding the officers and directors of G&S, and descriptions of the Company's securities.

G&S Chairman Charles Brown stated with respect to the filing, "We encourage our stockholders and other parties interested in learning more about G&S carefully review the Company's information filed with Pink Sheets. We are hopeful that this will greatly increase the transparency of our business operations, as we fulfill the Pink Sheets Guidelines for Providing Adequate Public Disclosure."

The full documents may be viewed here: http://pinksheets.com/pink/quote/quote.jsp?symbol=GSML#getFilings

Under the Pink OTC Markets tier system, the Company is currently categorized as "Caveat Emptor," reflecting a public interest concern about the availability of current information about G&S and its operations. With the filed Company disclosure statement and additional anticipated Pink Sheet filings, the Company is seeking to be designated as "Current Information" in the Pink OTC Markets tier system.

The information included in the Company disclosure statement also addresses one of G & S Minerals' due diligence requirements under the Company's agreements with Mayan Gold, Inc. Mr. Brown added, "As we have discussed in previous Company announcements and more recently in our first-ever investor conference call, fulfilling this the terms of these agreements and consummating the strategic partnership and cross-investment with Mayan Gold, Inc. is intended to enhance stockholder value through access to high-value mineral properties. We believe it is imperative that the Company meet the Pink OTC Markets' disclosure guidelines to protect investors and benefit the Company through re-classification into the "Current Information" tier of Pink OTC Markets. We intend to work diligently to provide the remaining financial information necessary to enhance G&S's public disclosure and help investors make better-informed investment decisions."

ABOUT G & S MINERALS, INC.:

G & S Minerals, Inc. (which also does business under the name "Gold & Silver Minerals") is a mining company focused on acquiring and developing high-quality, low-risk mineral resource and energy prospects. G & S Minerals is pursuing opportunities to develop working interests in mineral properties that offer a short time to production, as well as significant upside exploration potential. In addition, G & S Minerals is investigating opportunities for corporate transactions that will expand its mineral and resource portfolio. By leveraging its network of industry contacts, management expertise, and its targeted acquisitions, G & S Minerals is working to build rapid asset growth, near-term cash flow, and shareholder value. Additional information is available at G & S Minerals' website at www.gold-silverco.com.

Forward-Looking Statements:

This press release contains forward-looking statements within the meaning of applicable securities laws, including statements about the Company's development plans and proposed transactions. These statements are subject to numerous assumptions and uncertainties, many of which are outside the Company's control. Statements in this document are based on information the Company believes to be reasonable, but involve significant uncertainties as to the final structure or consummation of possible transactions, the terms thereof, if any, availability and pricing of financing, mineral prices, costs, ore grades, estimation of gold and silver reserves, mining and processing conditions, construction schedules, currency exchange rates, and the completion and/or updating of mining feasibility studies, changes that could result from the Company's future acquisitions or dispositions of new mining properties or businesses, the risks and hazards inherent in the mining business (including environmental hazards, industrial accidents, weather or geologically related conditions), regulatory and permitting matters, risks inherent in the ownership and operation of, or investment in, mining properties or businesses in foreign countries, as well as other uncertainties and risk factors. Actual results and timetables could vary significantly from the estimates presented. Readers are cautioned not to put undue reliance on forward-looking statements. The Company disclaims any intent or obligation to update publicly such forward-looking statements, whether as a result of new information, future events or otherwise.

Contact Information

  • Contact:
    G & S Minerals, Inc.
    Charles Brown
    702-943-8848