TAO Minerals Ltd.
OTCQB : TAON

TAO Minerals Ltd.

July 18, 2011 09:00 ET

Tao Minerals Ltd. Updates Proposed Las Aguadas Acquisition

MEDELLIN, COLOMBIA--(Marketwire - July 18, 2011) - Tao Minerals Ltd. (TAO) (OTCQB:TAON) is pleased to provide an update on the proposed acquisition of the Las Aguadas Project from Grupo de Bullet S.A. of Medellin, Colombia.

The Las Aguadas Project consists of five individual concessions located in the Central Cordillera of Colombia, in the department of Caldas. It is bordered to the north by the town of Abejorral, to the northeast by the town of Sonson, to the east by the town of Narino, and to the southeast with the town of Salamina. Concessions which are currently or in the process of being included in the Aguadas project have a total approximate area of 38,000 hectares. Preliminary exploration work carried out by Grupo de Bullet in 2011 detailed the geology and possible mineralization within the project. This work has only focused on two of the five concessions whose combined area is 9813 hectares. Tao management and senior geologists have completed their review of the available data on the Aguadas Gold Project and are preparing a report and proposed exploration and development budget for the next 12 months.

Grupo de Bullet www.grupodebullet.com has been operating in Colombia for over twenty years, and its applications and licenses are located in many of the most productive and potentially most promising regions of Colombia. Grupo de Bullet has had substantial exploration success in the past, providing AngloGold Ashanti with the concessions for the Gramalote and La Colosa gold deposit discoveries (combined resources of 14,000,000 ounces) in addition to the concession package that was spun out to form Continental Gold. Tao Minerals Ltd. senior management team is headed by president and founder James Sikora and has over 25 years experience in public company finance and consulting. He has worked with numerous public companies, providing financing from US, Canadian and European sources in addition to guiding management decision making on mining projects all over the world.

Tao senior geologist Prospero Benavides has worked as a professional mining and metallurgical engineer for the past 18 years and graduated from Universidad Nacional de Colombia with an engineering degree in mines and metallurgy. His working experience has been in the mining exploration and exploitation of open pit and underground gold, silver and platinum mines covering many if not all areas related to the exploration and exploitation phases of precious metal mining. Mr. Benavides also has extensive experience in the administrative processes with relation to licensing and permitting with government and private companies. Tao director Duncan Bain holds a PhD in Geology from the University of Western Ontario, Duncan is a Qualified Person as defined by National Instrument 43-101. He has been a director at Tao Minerals since inception as well as a geological consultant for numerous projects in Canada, Central America and South America. Tao and Grupo de Bullet geologists will be working together on the Las Aguadas Project as Tao completes its due diligence.

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 six 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.

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