SOURCE: Gold and Silver Minerals

September 18, 2006 11:15 ET

Gold & Silver Minerals, LLC Initiates Report on Nevada Mineral Property

LAS VEGAS, NV -- (MARKET WIRE) -- September 18, 2006 -- Gold & Silver Minerals (PINKSHEETS: HBID), a Nevada corporation (the "Company") trading as Hot Brands, Inc., today announced that it has retained an experienced geologist to prepare an evaluation of a mineral property offered to the Company. The evaluation will be detailed in a format similar to that of the National Instrument 43-101 Technical Report common in the industry. National Instrument 43-101 provides strict standards of disclosure for mineral projects. A NI43-101 report is written usually by a geologist or mining engineer, who has experience in valuing mineral deposits and mining projects. We expect the report to be completed and available mid-September.

The property in question is a 40-acre Mineral Estate located in Churchill County, Nevada. Past analyses of exploration and development samples have suggested the possibility of detectable amounts of gold, silver, platinum and rhodium. However, the results of the previous assays have not yet been verified by a qualified person and it has not yet been established that significant amounts of any precious metal can be economically extracted from this property.

In other matters, the Company's Board of Directors has voted unanimously to discontinue foregoing Joint Venture activities with the Astrologer Mine project near Silver City, New Mexico. The Company has identified stronger opportunities with more favorable terms.

About Gold & Silver Minerals

Gold & Silver Minerals is an emerging exploration and mining company that focuses on acquiring assets and growing a revenue base in the area of production and exploration of minerals. Areas of interest include precious metals, industrial minerals and other natural resources. We believe that these sectors hold the most promise for market interest, asset growth and near-term cash flow, with underlying fundamentals that provide an outlook for stable to growing product prices. For additional information, please visit

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, certain delays beyond the company's control with respect to market acceptance of new technologies or products, delays in testing and evaluation of products, and other risks detailed from time to time in the Company's filings with the Securities and Exchange Commission.

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