Tao Minerals Ltd.

Tao Minerals Ltd.

February 13, 2012 16:30 ET

Tao Minerals Ltd. Updates 2012 Mining Development Programs

MEDELLIN, COLOMBIA--(Marketwire - Feb. 13, 2012) - Tao Minerals Ltd. (PINKSHEETS:TAON) (TAO) is pleased to provide an update on the 2012 mining development priorities. After an extensive review of it's portfolio of properties Tao will be focused on the development of the Mutata gold and platinum project and the El Colmillo gold mine. The Mutata concession in the Antioquia department has multi mineral targets with previous and current work showing platinum, gold, nickel and copper present on the property. The El Colmillo Mine concession is located in eastern Antioquia department. It is a vein-hosted gold deposit and is at an advanced state of development with considerable mining infrastructure already in place. Both of these projects have department of Antioquia mining permits issued and will be the top priority for Tao to develop in 2012.

Due to recent changes in Colombia's mining and permitting procedures Tao will not be proceeding with any further development programs at the Risaldo La Golondrina mineral property as well as cancelling the acquisition of the Las Aquadas property, a prospective gold project in Colombia. Tao will issue letters of cancellation to the mining department and move forward with the development of the Mutata and El Colmillo projects.

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 2010 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

  • Tao Minerals Ltd.
    James A. Sikora
    President & CEO