SOURCE: Tara Gold Resources Corp.

November 16, 2006 08:00 ET

Tara Gold Acquires High Grade Zinc, Lead Silver Property in Mexico

CHICAGO, IL -- (MARKET WIRE) -- November 16, 2006 -- Tara Gold Resources Corp. (PINKSHEETS: TRGD) (FRANKFURT: T8N) is pleased to announce that it has signed a definitive option agreement to acquire a 100% interest in the Don Ramon and Lourdes mineral concessions, hereafter referred to as Don Ramon and Lourdes Groupings, located 20 km ESE of Choix, Sinaloa State, Mexico.

The Don Ramon and Lourdes Groupings will be placed into Tara Minerals Corp., Tara Gold's 100% owned subsidiary. Don Ramon and Lourdes Groupings is comprised of 309 hectares and lies within the same general area as the Pilar De Mocoribo Groupings, an extensive area of hydrothermal alteration that hosts numerous base and precious metal occurrences along the western part of the Northern Sierra Madre Gold Belt. The property lies 15 km SW of the historically prolific La Reforma Pb-Zn-Ag District that is now the focus of concerted exploration by Peñoles.

Mr. Francis Biscan Jr., President of Tara Gold Resources, stated, "Because of the close proximity to Pilar De Mocoribo Groupings, we are now assessing several options to aggressively advance both projects simultaneously."

Tara Minerals Corp. has received preliminary information on the property including results from previous sampling programs in 1998-1999. The Company will conduct a follow-up sampling program and a more detailed property evaluation in late November. Preliminary evaluation indicates that the property lies within a larger area that hosts numerous and very-high grade Pb-Zn-Ag Carbonate (Limestone) Hosted Deposits.

Twenty six (26) samples were collected and analyzed. The results returned an average for all samples collected of 5.23% Pb, 16.74% Zn, and 492g Ag. At present spot metal prices, a tonne of ore has a gross value of $956/t. Complete assay results for all these samples were as follows:

Sample #      Ag (grams)      Pb (%)      Zn (%)
R31-1              772.0        5.50
R31-2              426.0       10.65       23.45
R36-3            1,426.0       20.16       27.34
R46-4              484.0                   28.0
R46-6              0.436        2.34       13.98
R49-7              238.0        1.25        7.22
R56-9              340.0        2.20       11.20
R56-10             629.0        7.80       23.80
R56-11             244.0        1.92        8.60
R62-12             435.0        4.75        8.66
R62-13             408.0        2.77       10.34
R62-14             403.0        7.70       48.10
R70-15              66.0        2.23        4.55
R87-16             667.0       10.70       16.11
R87-17             356.0        3.0         6.78
R87-18             388.0        4.30        9.15
R87-19             683.0        4.73       11.90
R125-25            493.0        3.40       14.33
R125-26            942.0        8.80       36.94
R125-27            247.0        1.77        7.18
R125-28            599.0        2.79       10.20
R125-29            714.0        9.29       39.84
R125-30            256.0        1.69        7.17
R125-31            292.0        1.62        8.64
R125-32            357.0        3.61       10.82
R125-33            493.0        5.95       24.41
Michael Sandidge, P.Geo, a qualified person under National Instrument 43-101, has reviewed the previous information provided and has deemed the information credible based upon knowledge of mineralization and grade of other Pb-Zn-Ag systems in the area. However, the information provided the Company is historical in nature and caution should remain until completion of the follow-up evaluation.

About Tara Gold Resources Corp.

Tara Gold Resources Corp. is a growth-oriented precious metals exploration and development company with existing production plants. It is management's objective to become a significant gold and precious metals producer by re-initiating and increasing production levels at La Currita, Lluvia de Oro and Picacho, and developing the San Miguel, La Millionaria, Pilar De Mocoribo and Las Minitas projects in Mexico. We continue to acquire other advanced-stage projects and/or producing mines in one of the most prolific precious metal districts in the world. For more information, please visit the Company's web site at: http://www.TaraGoldResources.com.

Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: The statements contained herein which are not historical are forward-looking statements that are subject to risks and uncertainties that could cause actual results to differ materially from those expressed in the forward-looking statements, including, but not limited to, certain delays beyond the company's control with respect to market acceptance of new technologies or products, delays in testing and evaluation of products, and other risks detailed from time to time in the Company's filings with the Securities and Exchange Commission.

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