SOURCE: Tao Minerals Ltd.

December 10, 2012 09:08 ET

Tao Enters Into Final Negotiation

MEDELLIN, COLOMBIA--(Marketwire - Dec 10, 2012) - Tao Minerals Ltd. (TAO) (PINKSHEETS: TAON) is very pleased to announce that it is in the final stages of negotiations to acquire a 9900 hectare mining concession in the Sur de Bolivar region of Colombia. The property is located in the regions of Ahuyama and Montecristo (Department of Bolivar) and contains both alluvial and hard rock prospective gold zones.

Tao Minerals Ltd is a mining exploration and development company formed to acquire, develop, and exploit natural resource properties focusing primarily on the rich, yet highly underdeveloped gold deposits of Colombia in a socially and environmentally responsible manner. As a corporation, arriving early to the boom in the expansion of natural resource development in Colombia has enabled Tao to establish itself in Colombia over the past five years, becoming adept at the necessary legal and political processes and hiring highly qualified personnel in the geological, legal and security professions.

Notice regarding forward-looking statements 

This news release contains "forward-looking statements," as that term is defined in Section 27A of the United States Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Statements in this press release which are not purely historical are forward-looking statements and include any statements regarding beliefs, plans, expectations or intentions regarding the future. Such forward-looking statements include, among other things, the expectation of low cost opportunity, the final terms of the acquisition and the gold production of the property to be acquired.

Actual results could differ from those projected in any forward-looking statements due to numerous factors. Such factors include, among others, the inherent uncertainties associated with mineral exploration. These forward-looking statements are made as of the date of this news release, and we assume no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those projected in the forward-looking statements. Although we believe that the beliefs, plans, expectations and intentions contained in this press release are reasonable, there can be no assurance that such beliefs, plans, expectations or intentions will prove to be accurate. Investors should consult all of the information set forth herein and should also refer to the risk factors disclosure outlined in our annual report on Form 10-KSB for the 2011 fiscal year, our quarterly reports on Form 10-QSB and other periodic reports filed from time-to-time with the Securities and Exchange Commission.

Contact Information

  • James A. Sikora
    President & CEO
    Tao Minerals Ltd.
    Medellin, Colombia