Deliver Your News to the World

CybeRelease: (OTC: TAOL) Initiates Letter of Intent to Acquire Gold Mining Property


(CybeRelease, June 29, 2006) - Lake Harmony, PA - Tao Minerals Ltd. (“Tao Minerals”) (OTCBB: TAOL) announced today that it has executed a non-binding Letter of Intent with Minera Tao S.A. to acquire the Camelia mining property located in southwest Colombia’s Narino province. Preliminary phase one samples of the Camelia property indicate world-class potential gold.

Per the non-binding LOI executed today, Tao Minerals will purchase the Camelia property outright for $200,000 and two million company shares with $100,000 paid approximately July 1 or closing, and a further $100,000 payable October 1, 2006 with two million shares to be issued on closing, for a total price of approximately $1.7 million cash and stock.

The company’s Chief Geologist, Duncan Bain, working with Project Geologist, Carlos Vera, recently completed additional sampling work on the property and have determined that this project has excellent exposure with little overburden, allowing close inspection of the vein systems.

For more information, go to

CybeRelease Gainers are WebEx Communications, Inc. (Nasdaq: WEBX), UTStarcom, Inc. (Nasdaq: UTSI), Serologicals Corporation (Nasdaq: SERO), RC2 Corporation (Nasdaq: RCRC), Richardson Electronics, Ltd. (Nasdaq: RELL), Empire Resorts, Inc. (Nasdaq: NYNY), Nanophase Technologies Corporation (Nasdaq: NANX) and Laserscope (Nasdaq: LSCP).

CybeRelease Decliners areADTRAN, Inc. (Nasdaq: ADTN), Adaptec, Inc. (Nasdaq: ADPT), Altera Corporation (Nasdaq: ALTR), Applied Materials, Inc. (Nasdaq: AMAT), CBRL Group Inc. (Nasdaq: CBRL), Career Education Corporation (Nasdaq: CECO), Digitas, Inc. (Nasdaq: DTAS) and Entegris, Inc. (Nasdaq: ENTG).

Information, opinions and analysis contained herein are based on sources believed to be reliable, but no representation, expressed or implied, is made as to its accuracy, completeness or correctness. The opinions contained herein reflect our current judgment and are subject to change without notice. We accept no liability for any losses arising from an investor’s reliance on or use of this report. This report is for information purposes only, and is neither a solicitation to buy nor an offer to sell securities. A third party has hired and paid CybeRelease $895.00 for the publication of this report. Certain information included herein is forward-looking within the meaning of the Private Securities Litigation Reform Act of 1995, including, but not limited to, statements concerning manufacturing, marketing, growth, and expansion. Such forward-looking information involves important risks and uncertainties that could affect actual results and cause them to differ materially from expectations expressed herein. We have no ownership of equity, no representation and do no trading of any kind.


This news content may be integrated into any legitimate news gathering and publishing effort. Linking is permitted.

News Release Distribution and Press Release Distribution Services Provided by WebWire.