SOURCE: Gold & Silver Minerals

January 31, 2008 09:20 ET

G & S Minerals Retains Edward C. Stanojev, Jr. for Operational and Managerial Services

LAS VEGAS, NV--(Marketwire - January 31, 2008) - G & S Minerals, Inc. dba Gold & Silver Minerals (PINKSHEETS: GSML) (FRANKFURT: G9S), a mining company focused on developing high-quality and low-risk mineral resource and energy prospects, today announced it has retained Edward C. Stanojev Jr. for professional services related to the Company's recently announced agreement with Mayan Gold, Inc.

Mr. Stanojev will join G & S with over two decades of executive and managerial experience and will be tasked with assisting the Company's due diligence on all facets of the agreement in principle with Mayan Gold, Inc. Mr. Stanojev will work closely with the Company geologist to complete the requisite National Instrument 43-101 study and facilitate the creation of the feasibility study for the exploitation of the El Transito property. Further, Mr. Stanjoev will lean on his extensive professional talents to better optimize the day-to-day operations of G & S Minerals and provide additional business development capability to the Company.

Charles Brown, G & S Minerals Chairman, commented, "We look forward to working with Mr. Stanojev, and believe his services will prove key to the successful completion of the proposed transaction with Mayan Gold. The Company believes it is an exciting time for shareholders, and will continue to pursue every avenue -- including strategic, financial, and personnel-based -- to ensure that each project we stake reaches the same lucrative result."

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 portforlio. By leveraging an extensive network of industry contacts, management expertise, smart acquisitions and a strong market for minerals, G & S Minerals is working to build rapid asset growth, near-term cash flow, market interest and shareholder value. Additional information is available at G & S Minerals' website at www.gold-silverco.com.

Forward-Looking Statements:

This press release contains numerous forward-looking statements within the meaning of applicable securities laws relating to the agreement in principle and the respective companies' businesses. These statements are subject to numerous assumptions and uncertainties, many of which are outside the companies' control. Operating, exploration and financial data, and other statements in this document are based on information the companies 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 either 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 companies 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. dba Gold & Silver Minerals
    Investor Relations
    Steve Jaloza
    Phone 516 429 4691