SOURCE: G & S Minerals, Inc.

July 06, 2007 17:36 ET

G & S Minerals, Inc. Negotiates Full Return of La Millonaria Groupings to Tara Gold Resources Corp.

CHICAGO, IL--(Marketwire - July 6, 2007) - G & S Minerals, Inc. (PINKSHEETS: GSML) (Frankfurt: G9S) today announced that it had successfully negotiated the full return of the La Millonaria Groupings to Tara Gold Resouces Corp. under its previously announced joint venture agreement with Tara. Neither G & S Minerals, Inc. nor Tara Gold Resources Corp. will hold any claim of gain or liability, now or in the future, regarding the joint venture agreement and its termination.

G & S Minerals, Inc., which does business as Gold & Silver Minerals, is a mining company focused on acquiring and developing high quality, low risk resource and energy prospects. The company is aggressively pursuing opportunities to develop working interests in mineral properties that offer a 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 Over the Counter Pink Sheets as "GSML." For additional information, please visit www.gold-silverco.com.

Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: The statements contained herein which are not historical are forward-looking statements that are subject to risks and uncertainties that could cause actual results to differ materially from those expressed in the forward-looking statements, including, but not limited to, inherent risks in evaluating, financing and sourcing mineral deposits delays and other risks detailed from time to time in the Company's filings with the Securities and Exchange Commission.

Contact Information

  • Contact:
    Nathan Novak
    604 288 2768