SOURCE: Gold & Silver Minerals

September 15, 2008 09:37 ET

G & S Minerals Reclassified as 'Current Information' Company With Pink Sheets

LAS VEGAS, NV--(Marketwire - September 15, 2008) - G & S Minerals, Inc. dba Gold & Silver Minerals ("G&S," "the Company") (PINKSHEETS: GSML) (FRANKFURT: G9S), a mining company focused on developing high-quality and low-risk mineral resource and energy prospects, today announced that the Company has successfully been reclassified as 'Current Information' under the Pink Sheets' OTC Market Tier system.

G&S, which has disclosed current financial information from Q1 and Q2 2008, in addition to updated Company Information and Disclosure Statements received July 31 and August 20th, has recently provided its Officer/Director certification and Attorney's Letter in respect to current information to the Pink Sheets website for public review. As a result, the Company now meets thresholds for current information and adequate public disclosure.

Under Pink OTC Markets guidelines, the Company will be required to publish quarterly updates to its disclosure statements no later than 45 days after the end of each fiscal quarter to remain as a 'Current Information' categorized company. G&S intends to meet this requirement, which management believes will be a positive step in establishing procedures that will helpful in the Company's transition to a fully-reporting entity on the Over-the-Counter Bulletin Board (OTCBB) in the future. Shareholders are expressly advised that the reclassification of G&S Minerals as a 'Current Information' company does not imply any endorsement or recommendation from Pink OTC Markets, Inc. and such reclassification is only representative of current and adequate disclosure and not an opinion of investment quality. Interested parties should carefully consider the submitted disclosure documents at http://pinksheets.com/pink/quote/quote.jsp?symbol=GSML prior to making 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 aggressively 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 the 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 believe 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
    702-533-9572