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Message: September 6, 2011 - 8:06 AM EDT
September 6, 2011 - 8:06 AM EDT
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LLSR 0.0419 0.00
Today 5d 1m 3m 1y 5y 10y
Lantis Laser's Operating Affiliated Company TAG Minerals Zimbabwe (Private) Limited Preparing to Utilize a Novel Low-Cost Method for Extracting Gold Nuggets From Near Surface Deposits

FREEHOLD, N.J., Sept. 6, 2011 (GLOBE NEWSWIRE) -- Lantis Laser Inc. (OTCQB:LLSR) ("Lantis"), is pleased to announce today that its operating affiliated company, TAG Minerals Zimbabwe (Private) Limited (TAG-Z), is preparing to utilize a novel, low-cost method for extracting gold nuggets from near surface deposits via a revenue-sharing agreement, with an existing holder of gold mining claims expected to be rich with gold. TAG-Z intends to deploy a team of "gold nugget explorers" armed with the latest, state-of-the-art, low-cost/high producing GPX 5000 gold metal detector technology in order to capture varying sizes of nuggets of gold, in areas not well suited for traditional mining endeavors.

TAG-Z's management believes that this novel approach will yield Lantis a continuous stream of revenue without incurring a large capital outlay. The revenue-sharing agreement TAG-Z has negotiated calls for a profit split of 90% for TAG-Z and 10% for the existing holder of the gold mining claims being exploited. Initially, any and all proceeds from sales of gold nuggets found from this collaboration will be re-invested into purchasing more GPX 5000 gold metal detectors, thereby increasing the scale of TAG-Z's gold nugget exploration activities, which will potentially generate more gold nugget profits from the gold mining claims being exploited.

Al Pietrangelo, President CEO of Lantis, stated, "This is just one of the many exciting opportunities continuing to lead us to anticipate and expect that tremendous corporate growth can be achieved in Zimbabwe." He continued, "Together with TAG-Z's acquisition of 10% of Slashwood Mining, a gold mining and refining company, through its purchase of Ontage Resources and the purchase of our first HPC-30 system to commence gold mining operations, both recent announcements, Lantis' business objectives are starting to take root. Management firmly expects that as these activities ramp up, a solid stream of revenue leading to a strong pattern of growth will emerge, for the benefit of all shareholders."

Lantis Laser Inc. (parent/holding Company)

Lantis Laser Inc. is the parent/holding Company with two independently operating wholly-owned subsidiaries, Lantis Laser, Inc. (New Jersey) and TAG Minerals Inc.

About Lantis Laser, Inc. (New Jersey)

Lantis Laser, Inc. is developing under license, synergistic, high resolution, light-based imaging modalities which can detect decay and microstructural defects at an early stage, and unlike x-ray, do not emit potentially harmful ionizing radiation. Its products are in development and cannot be sold until FDA clearance for marketing is obtained.

About TAG Minerals Inc.

TAG Minerals is a U.S. based (incorporated in Wyoming) mineral resource acquisition, exploration and development company, with operations conducted through its operating affiliated company, TAG Minerals Zimbabwe (Private) Limited. The company's business is managed by its directors and officers who have mineral extraction and commercial experience. TAG's strategy is to identify, acquire and exploit mineral properties that have potential. TAG Minerals is augmented by independent financial, geological, and mining professionals who advise the company on its mining and exploration projects throughout Zimbabwe, Africa.

To find out more about the mining equipment utilized by TAG; visit www.extrac-tec.com

Safe Harbor

Statements regarding financial matters in this press release other than historical facts are "forward-looking statements" within the meaning of section 27A of the Securities Act of 1933, Section 21E of the Securities Exchange Act of 1934, and as that term is defined in the Private Securities Litigation Reform Act of 1995. The company intends that such statements about the company's future expectations, including future revenues and earnings, technology efficacy and all other forward-looking statements be subject to the safe harbors created thereby. The company is a development stage company who continues to be dependent upon outside capital to sustain its existence. Since these statements (future operational results and sales) involve risks and uncertainties and are subject to change at any time, the company's actual results may differ materially from expected results.

CONTACT: Corporate Inquiries:
         
         Al Pietrangelo, President  CEO
         TAG Minerals Inc.
         Tel: (732) 252 5146
         [email protected]
         
         Stan Baron, President
         Lantis Laser, Inc. (NJ)
         Tel: (203) 300 7622
         [email protected]

Source: Globe Newswire (September 6, 2011 - 8:06 AM EDT)

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