LAS VEGAS, NV -- (MARKET WIRE) -- 07/18/08 --
G & S Minerals, Inc. dba Gold & Silver
Minerals (PINKSHEETS: GSML) (FRANKFURT: G9S), a mining company focused on
developing high-quality and low-risk mineral resource and energy prospects,
today announced that the Company appointed William Curtis to the Board of
Directors. Mr. Curtis was also appointed as Vice Chairman of the Board.
Mr. Curtis joins Chairman Charles Brown, Edward Stanojev, Jr., Ryan Kutty,
and Michael Sandidge as current members of the Company's Board of
Directors.
Mr. Curtis joins the Board as the Company continues in its efforts to
complete its strategic cross-investment and gold field development
agreement with Mayan Gold, Inc. Mr. Curtis was the CEO of G & S Minerals'
predecessor company and is a significant shareholder. He had expressed his
interest to work with the Company in completing this transaction for the
benefit of all G & S shareholders.
Mr. Curtis will assist management with various facets of the Mayan Gold,
Inc. transaction, and will work closely with the Company and Mayan to
coordinate completion of the transaction, including coordinating the
efforts of geologists, regulatory agencies, and other parties necessary to
accomplish the required due diligence and effect the closing. G & S and
Mayan Gold, Inc. agreed to extend the target closing date for the
transaction to July 31, 2008, subject to mutual board approvals.
Charles Brown, Chairman of G & S Minerals, remarked: "We're pleased that
Mr. Curtis has offered his services to assist the Company in completing the
Mayan Gold transaction. Mr. Curtis, as a shareholder and the former
Chairman and CEO of our predecessor company, is familiar with our corporate
structure and operations and will be a key contributor to achievement of G
& S's acquisition of the Mayan Gold opportunity."
ABOUT G & S MINERALS, INC.:
G & S Minerals, Inc. (which also does business under the name "Gold &
Silver Minerals") is a mining company focused on acquiring and developing
high-quality, low-risk mineral resource and energy prospects. G & S
Minerals is aggressively pursuing opportunities to develop working
interests in mineral properties that offer a short time to production, as
well as significant upside exploration potential. In addition, G & S
Minerals is investigating opportunities for corporate transactions that
will expand the mineral and resource portfolio. By leveraging its network
of industry contacts, management expertise, and its targeted acquisitions,
G & S Minerals is working to build rapid asset growth, near-term cash flow,
and shareholder value. Additional information is available at G & S
Minerals' website at www.gold-silverco.com.
Forward-Looking Statements:
This press release contains forward-looking statements within the meaning
of applicable securities laws, including statements about the company's
development plans and proposed transactions. These statements are subject
to numerous assumptions and uncertainties, many of which are outside the
company's control. Statements in this document are based on information
the company believe to be reasonable, but involve significant uncertainties
as to the final structure or consummation of possible transactions, the
terms thereof, if any, availability and pricing of financing, mineral
prices, costs, ore grades, estimation of gold and silver reserves, mining
and processing conditions, construction schedules, currency exchange rates,
and the completion and/or updating of mining feasibility studies, changes
that could result from the company's future acquisitions or dispositions of
new mining properties or businesses, the risks and hazards inherent in the
mining business (including environmental hazards, industrial accidents,
weather or geologically related conditions), regulatory and permitting
matters, risks inherent in the ownership and operation of, or investment
in, mining properties or businesses in foreign countries, as well as other
uncertainties and risk factors. Actual results and timetables could vary
significantly from the estimates presented. Readers are cautioned not to
put undue reliance on forward-looking statements. The company disclaims
any intent or obligation to update publicly such forward-looking
statements, whether as a result of new information, future events or
otherwise.
Contact:
G & S Minerals, Inc.Charles Brown
702-943-8848
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