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G & S Minerals Announces 2007 Year-in-Review and 2008 Strategy Plan; Comments on Unauthorized Marketing Programs

G & S Minerals Announces 2007 Year-in-Review and 2008 Strategy Plan; Comments on Unauthorized Marketing Programs

LAS VEGAS, NV -- (MARKET WIRE) -- 02/04/08 -- G & S Minerals, Inc. ("G & S") 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 its 2007 Year-in-Review, 2008 Strategy Plan, and information regarding unauthorized marketing programs.

G & S management is pleased to report that 2007 was a year in which the company built a strong and confident foundation. It was the Company's intention to first reorganize its public vehicle, which was widely a successful endeavor with the re-listing of its common shares on the Over-The-Counter Pinksheets and its listing on the Frankfurt Stock Exchange. These trading venues are critical to offering shareholders liquidity while encouraging a broad base of share ownership.

Last July, the Company announced that it retained Michael Sandidge, a Registered Professional Geologist, as a director of the company. The addition of Mr. Sandidge has proven beneficial to the formation of a professional and experienced management team. To this effect and under his leadership, the Company began the process of its first-ever financial audit, a requisite component of a future listing on the Over-The-Counter Bulletin Board (OTC:BB). To close the year, the company signed a milestone $2,000,000 Private Equity Credit Agreement with Special Opportunity Funding, LLC to provide essential operating capital with restricted equity that would not be immediately dilutive to common shareholders.

After a successful year of development, the Company begins 2008 with renewed vigor. The Company recently announced a landmark Strategic Cross-Investment and Gold Field Development with Mayan Gold, Inc., that, upon its completion and execution of definitive agreement, will greatly enhance shareholder value and add to the G & S portfolio of properties. Following what the company believes will be a successful close to the Mayan Gold transaction, management expects to begin the final stages of the internal audit (performed by Gruber & Company, LLC) and establish periodic reporting of financial statements and application to uplist the Company to the more liquid OTC:BB venue. Principally, the company will focus on establishing revenues, increasing those revenues, and determining the best course of action to achieve full profitability. As part of the anticipated growth, the Company will continue to expand its personnel with experienced, qualified, and motivated mining professionals to join the Company team.

Although we share an optimistic outlook of our Company, management has recently been notified of several unsolicited, unauthorized marketing programs that have been promoting G & S Minerals stock primarily through bulk, unsolicited email ("spam") and unsolicited text messages. G & S Minerals and its management categorically condemn this activity and remind investors that these communications are not authorized by the company in any way, shape, or form. Use of any information obtained through these channels may be wholly inaccurate and misleading, and G & S shareholders should only rely upon information publicly released by the Company or contained in public documents or filings released by the Company, Pink Sheets, LLC, the Securities & Exchange Commission, or other agency known to be an authentic data source. The company has contacted its legal counsel to investigate all claims of unsolicited marketing activity and will forward its findings to the proper authorities.

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 portforlio. By leveraging an extensive network of industry contacts, management expertise, smart acquisitions and a strong market for minerals, G & S Minerals is working to build rapid asset growth, near-term cash flow, market interest and shareholder value. Additional information is available at G & S Minerals' website at www.gold-silverco.com.

Forward-Looking Statements:

This press release contains numerous forward-looking statements within the meaning of applicable securities laws relating to the agreement in principle and the respective companies' businesses. These statements are subject to numerous assumptions and uncertainties, many of which are outside the companies' control. Operating, exploration and financial data, and other statements in this document are based on information the companies 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 either 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 companies 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. dba Gold & Silver Minerals
Investor Relations
Steve Jaloza
Phone 516 429 4691

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