SOURCE: Gold & Silver Minerals

November 14, 2006 08:30 ET

Production Plant Design Commences at La Millonaria Site

Survey of Road Leading to the Mine Complete and Road Construction Begins

LAS VEGAS, NV -- (MARKET WIRE) -- November 14, 2006 -- G&S Minerals, Inc. dba Gold & Silver Minerals (PINKSHEETS: GSML) (the "Company," www.gold-silverco.com) is pleased to report that its joint venture partner, Tara Gold Resources Corp., has initiated preliminary designs of a mill production plant at the La Millonaria site in the Sierra Madre Occidental gold-silver belt in Mexico. By making certain payments to Tara Gold Resources as outlined by the JV Agreement signed on October 30th, the Company has an option to earn up to a 55% interest in the La Millonaria mine.

In addition, the road survey leading to the La Millonaria property has been completed and construction is scheduled to begin on November 20th. Completion of the road is critical to transport the necessary equipment to begin construction of the production plant and to deliver the ore to market. The road will also allow access to begin to explore the 20-30 meter wide intensely silicified and stockwork veined, east-west trending structure. The near-term objective of this project is to process the ore tailings at La Millonaria which contains an estimated 30,000 tons grading of 9.702 grams per ton gold and 23 grams per ton silver.

President and CEO of Tara Gold Resources Corp. Mr. Francis Biscan, Jr. added, "We are excited to have a partner like Gold & Silver Minerals that recognizes the potential of La Millonaria. The property will now begin to see the advancement it warrants to define the many areas of mineralization that exists on site."

"We're pleased and excited to begin construction activities at La Millonaria," said Mr. Charles Brown, President of Gold & Silver Minerals. "The quality and potential of this site fits well with our goal to become competitive in this region, generate value to our shareholders and allow us the opportunity for near-term positive cash flow."

About La Millonaria

The La Millonaria property, located in Mexico's highly prolific Sierra Madre Occidental gold-silver belt in SW Chihuahua, consists of four mining concessions with a total of 875 hectares, and includes formerly producing gold mines and current gold/silver exploration projects.

About G&S Minerals, Inc.

G&S Minerals, Inc. dba Gold & Silver Minerals is a growing 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 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 OTCPK as "GSML." For additional information, please visit www.gold-silverco.com.

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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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