SOURCE: Tara Gold Resources Corp.

November 06, 2007 13:49 ET

Tara Gold Announces Assay Results From San Miguel Drill Program

CHICAGO, IL--(Marketwire - November 6, 2007) - Tara Gold Resources Corp. (PINKSHEETS: TRGD) (FRANKFURT: T8N) is pleased to announce that it has received assay results from an additional seven drill holes in the La Veronica area of its San Miguel project in the Guazapares Mining District, Mexico. These holes represent step-out drilling to the northwest along the La Veronica vein system. They extend the tested strike length of the veins for an additional 350 meters from that reported most recently. As is the case with the rest of the La Veronica structure, analysis of the geology and the precious metal distribution in these new drill holes will lead to follow-up drilling down-dip and lateral to the higher grade areas.

In August 2005, Tara Gold Resources Corp. signed an agreement with Paramount Gold Mining Corp. giving Paramount the right to earn up to a 70% interest in the project. Paramount has earned its interest and Tara Gold continues to retain a 30% interest in the project. Paramount is the operator of the exploration program.

Highlights of these assay results are (see table at www.paramountgold.com for further details and maps):

 Hole   True Width     Gold       Silver    Gold Equivalent
Number    Meters     grams/ton   grams/ton     grams/ton
LV-11      0.87        0.71       114.00         2.61
LV-12      1.64        0.00       189.00         3.15
LV-13     13.00        0.05        65.00         1.13
LV-14      4.33        0.08       165.00         2.83
LV-18      1.53        0.00       128.00         2.13
LV-24      3.03        0.73        70.00         1.91

Larry Segerstrom, COO of Paramount Gold and Silver Corp., commented, "This new 350 meter extension of the La Veronica vein to the northwest helps us to remain confident of the discovery potential in this area. An additional 11 holes are pending assay from the La Veronica vein. We await the results of our project-wide geophysical program which will help to define further drill targets in the San Miguel project."

Tara Gold also awaits assay results from the nearby Montecristo area. Drilling continues with 2 core rigs on the project.

Quality Control

The operator takes detailed photos of the entire core before it is cut by saw to half core which is assayed at ALS Chemex's Vancouver laboratory. As part of quality assurance, quality control (QA/QC), the operator has put into place a detailed program of periodically introducing certified standards, blanks and duplicates into the sample stream. Half-core samples are being retained on site for verification and reference purposes.

The qualified person who has reviewed this news release, on behalf of the operator, is Dana C. Durgin, M. Sc. Economic Geology. He is a Certified Professional Geologist (CPG #10364) with the American Institute of Professional Geologists, and a Registered Professional Geologist in Wyoming (PG-2886).

About San Miguel

San Miguel is currently comprised of 16 concessions covering an estimated +8 kms strike of silver and gold mineralization. It is located in Chihuahua, Mexico and lies in the Guazapares mining district, part of the gold-silver belt of the Sierra Madre Occidental.

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.

Contact Information