SOURCE: Tao Minerals Ltd.

November 12, 2008 09:30 ET

Tao Minerals Provides Update of Mine Progress and Posts New Photos of Its El Colmillo Gold Mine on Website

MEDELLIN, COLOMBIA--(Marketwire - November 12, 2008) - Tao Minerals, Ltd. (OTCBB: TAOL) is pleased to announce that it has posted current photos of its El Colmillo Gold Mine on its website. El Colmillo is now ramping up for full ore extraction and processing operations at Phase I (20 tonnes of ore per day) production levels. The photos show new facilities including those for the electrical generation plant, electrical distribution panels and the air compressor. Also posted are photos of the new generation plant (packaged for delivery to the mine), the existing generation plant in the process of overhaul, the new freezer for the mine kitchen, ore being transported from a new secondary tunnel and the newly cleared and repaired main tunnel entrance.

Minor delays in the completion of repairs to the mine access road have held up the delivery of the new electrical generation plant and the Jaw Crusher, which is being temporarily stored in Medellin. Meanwhile, all electrical equipment is being repaired and updated as necessary, including an overhaul of the existing generation plant, so that, with the arrival of the new plant, the mine will now have a back-up electrical power capability.

The mine currently has 15 workers on site and ore is being accumulated from the secondary tunnel. Mining of ore from the primary tunnel is awaiting the availability of electrical power so that it can be pumped free of accumulated residual ground water.

"While we regret that delays in the completion of repairs to the mine access road have slowed down our progress at El Colmillo a bit," commented James Sikora, CEO of Tao, "we continue to move forward with ore extraction and to work on completing our preparations to initiate processing as quickly as possible."

The new mine photographs can be viewed in the El Colmillo section on the Tao Minerals website at www.taomining.com.

About Tao Minerals, Ltd.

Tao Minerals (OTCBB: TAOL) is a junior exploration company based in Medellin, Colombia. Tao is successfully positioning itself as a leader in gold exploration in Colombia through key acquisitions of properties with exceptional potential for low extraction cost deposits. Tao's focus in calendar 2008 is on the upgrading and initiation of operations of its El Colmillo mine, which offers the potential to quickly provide a strong revenue stream, able to fund exploration activities on the estimated high grade gold deposit of its Golondrina property and finance additional acquisitions, while greatly enhancing shareholder value.

Notice Regarding Forward-Looking Statements

This current report 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, including but not limited to, the start up of the El Colmillo Gold Mine, that the Phase 1 initial production may be 20 tonnes per day, that initial mine production will begin within approximately 60 days, the timing and execution of second and third phase production increases, or an optimal third phase mining/processing target of up to 100 tonnes of ore per day.

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. We are not in control of metals prices and these could vary to make development uneconomic. 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 most recent annual report for our last fiscal year, our quarterly reports, and other periodic reports filed from time-to-time with the Securities and Exchange Commission.

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