SOURCE: Wall Street News Alert

Wall Street News Alert

October 31, 2006 09:08 ET

Wall Street News Alert: GSML Is Tuesday's Stock to Watch! October 31, 2006

NOTE TO EDITORS: The Following Is an Investment Opinion Being Issued by Wall Street Capital Funding.

WESTON, FL--(Marketwire - October 31, 2006) - Wall Street News Alert's "stocks to watch" this morning are: G&S Minerals, Inc. (PINKSHEETS: GSML), Kinross Gold Corporation (NYSE: KGC), Bema Gold Corporation (NYSE: BGO) and Gold Fields Limited (NYSE: GFI).

Wall Street News Alert is initiating coverage on G&S Minerals, Inc. dba Gold & Silver Minerals (PINKSHEETS: GSML) this morning! The company, a growing mining company focused on acquiring and developing high quality, low risk resource and energy prospects, issued a press release, after the stock markets closed yesterday, which could grab the attention of investors.

According to the press release, the company has entered into a Joint Venture Agreement on the La Millionaria property with Tara Gold Resources Corp., to earn up to a 55% interest in the property by making certain payments to Tara Gold Resources, issuing 7,000,000 restricted shares, making all remaining underlying payments, and spending at least $3 million over the next 30 months.

Continue to watch this company! President and CEO Mr. Charles Brown commented, "We are excited to finalize this agreement and position Gold & Silver Minerals in leveraging the huge mineral potential in the Sierra Madre Occidental gold-silver belt in Mexico. This agreement immediately allows us to begin generating value for our shareholders and creating the potential for positive cash flow."

Wall Street News Alert is continuing to place Aggressive Investors on alert to monitor the progress of Gold & Silver Minerals! The La Millonaria property, located in a historic mining district within Mexico's prolific Sierra Madre Occidental gold-silver belt, consists of four mining concessions that total 875 hectares in area. The property is located in a region where other gold/silver projects are ongoing such as the 170,000 ounce/year El Sauzal mine, Glamis Gold's newest and largest gold mine; Gammon Lake Resource's Ocampo Gold-Silver Project, projecting annual production of 270,000 gold-equivalent ounces; Palmarejo is developing its Palmajero mine and has announced an inferred resource of 3.1 million ounces gold equivalent on their property; Industrias Peñoles, the world's largest silver producer with proven and probable reserves of more than 430 million ounces of silver. This is a very hot area!

Before the press release was issued, Gold & Silver Minerals stock closed Monday at Thirty-Nine cents a share.

For an in-depth profile of Gold & Silver Minerals, visit

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In case you are not familiar with the company: G&S Minerals 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.

Kinross Gold Corporation (NYSE: KGC) up 0.6% on 2.5 million shares traded.

Kinross is a world-class gold company based in Canada.

Bema Gold Corporation (NYSE: BGO) up 0.2% on 4.8 million shares traded.

Bema Gold Corporation is a gold exploration company.

Gold Fields Limited (NYSE: GFI) down 1.3% on 4.6 million shares traded.

Gold Fields is one of the largest unhedged gold producers.

Market Commentary:

"There was a drop in crude oil by $2 a barrel to trade at $58.77 for the December contract. Fears of Middle East tension appear to be subsiding, according to one analyst. Gold was up by $8.50 or $609.50 an ounce, trading at a two-month high," stated Sonja Rudd in Wall Street News Alert's daily commentary continued at:

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