NEWS

      Tao Minerals Ltd.  (News) (OTCBB: TAOL) announced today that it has completed a        $1 million financing agreement. Terms of the transaction were not        disclosed.    

      Commenting on the announcement, Jim Sikora, President of Tao Minerals        Ltd. said, ”This transaction is a significant        corporate milestone for Tao Minerals Ltd. We are very excited about this        new infusion of capital into our company. It will be used for general        corporate purposes, accelerate the exploration of our existing        properties in Colombia and allow us to make additional acquisitions of        profitable gold and silver mines which will derive significant revenue        streams in the near future.“    

      About Tao Minerals Ltd.    

      Tao Minerals Ltd. is a leading producer of gold and precious metals        currently operating in Colombia. For further information, please visit        our website at www.taomining.com.    

      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 acquisition of a majority        interest in two properties located in Narino Department, Southwest        Colombia. 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. 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 2005 fiscal year,        our quarterly reports on Form 10-QSB and other periodic reports filed        from time to time with the Securities and Exchange Commission.