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Tao Minerals Ltd. Update to Security Situation on El Colmillo Mine Press Release Source: Tao Minerals Ltd.
Tao Minerals Ltd. Update to Security Situation on El Colmillo Mine Monday April 13, 2009, 2:35 pm EDT Tao Minerals (OTCBB:TAOL) recently announced an update on the security situation in El Colmillo Mine. Tao has been diligently working with local authorities on the national, departmental and civic stages to improve the security in the area. Progress has been made due to diligent work by local mayors who are keen to see the project go ahead and provide employment in this area. Plans are moving ahead to improve the roads to this remote area to allow security forces access to our mine site; this will greatly improve response times should the company experience any further security problems. Tao Minerals management is encouraged by the response from all authorities involved and is confident that in time the situation will be resolved satisfactorily. Management is using this time to review operations on its other properties and the possibility of using equipment purchased for El Colmillo mine on joint venture properties with other parties to provide cash flow for further corporate acquisitions.
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.
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 that the proposed joint ventures will be completed, and the expectation that the security situation at El Colmillo will be resolved and that mine production will go ahead as planned at the El Colmillo Gold Mine. 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 and mine development. 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 2009 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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