DENVILLE, N.J., March 17, 2011 (GLOBE NEWSWIRE) -- Lantis Laser Inc.(OTCQB:LLSR), announced today that it has signed a Letter of Intent to merge with TAG Minerals Inc. and its wholly-owned operating subsidiary TAG Minerals Zimbabwe (Private) Limited (TAG). The merger would be an all stock transaction such that TAG would become LLSR's second wholly-owned and independently operating subsidiary. The merger with TAG, and its anticipated profitability, would enable LLSR to utilize the cash flow, if and when generated, from Lantis Laser Inc. and TAG Minerals' mining operations in Zimbabwe, Africa, for its corporate development purposes.