SOURCE: Tara Gold Resources Corp.

October 22, 2007 09:15 ET

Tara Gold Announces Further San Miguel Drill Program Results

CHICAGO, IL--(Marketwire - October 22, 2007) - Tara Gold Resources Corp. (PINKSHEETS: TRGD) (FRANKFURT: T8N) is pleased to announce that it has received the assay results from the first ten drill holes in the La Veronica area of its San Miguel project in the Guazapares Mining District, Mexico. These holes, LV-01 to LV-10, are 1.4 to 1.8 kilometers northwest along strike from the El Carmen - San Antonio area. They were drilled to test a new area of old workings and attractive surface geochemistry. The assay results confirm that mineralization persists for at least 70 meters below the surface exposures.

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-02        3.81        0.32        439.00           7.64
  LV-03        4.50        0.04        224.00           3.77
  LV-04        4.37        0.21        242.00           4.24
  LV-06        0.69        8.25         0.00            8.25
  LV-09        2.42        0.69        200.00           4.02
  LV-10       12.95        0.11        214.00           3.68

Larry Segerstrom, COO of Paramount Gold and Silver Corp., commented, "We are encouraged by the positive results from this first phase of drilling at La Veronica and in particular the presence of higher gold values. Several more holes have been completed and we are looking forward to the results from those holes. This drilling adds a new 400 meter segment of attractive mineralization within the 8 km long main structural zone at San Miguel."

Exploration drilling continues in the Monte Cristo target area and on the San Miguel vein in the northwestern portion of the property.

Quality Control

Paramount 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), Paramount 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 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.

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