SOURCE: Tara Gold Resources Corp.

September 21, 2006 07:00 ET

Tara Gold Drills Additional Silver Intersects, Including 354 g/t (11.4 Ounces) Silver Over 6.6 Meters and 263 g/t (8.5 Ounces) Silver Over 19.7 Meters at Their San Miguel Project, Mexico

CHICAGO, IL -- (MARKET WIRE) -- September 21, 2006 -- (PINKSHEETS: TRGD) and (FRANKFURT: T8N) Tara Gold Resources Corp. is pleased to release the most recently reported assays from its ongoing drill program at the San Miguel Project near Temoris, Chihuahua, Mexico. The following results are the remaining four of eight drill holes completed on the San Jose zone and comprised two step out holes, SJ-05 and SJ-08 that are approximately 50 and 175 meters down strike, to the South of drill hole SJ-04 (553 g/t silver across 6.5 meters) reported on September 14th 2006. While drill holes SJ-06 and SJ-07 step out approximately 60 meters to the South East and North East of SJ-04. In August, 2005, Tara Gold Resources signed an agreement with Paramount Gold Mining Corp. giving Paramount the right to earn up to a 70% interest in the project by spending US$2.5 million, delivering 700,000 shares, and making various payments to Tara Gold.

Bill Reed, Exploration Manager for Mexico, said, "We continue to better our expectations with each drill hole. Hole SJ-08 was a step out of approximately 175 meters along strike, adding up to approximately 300 meters of strike that has been drill tested on the San Jose zone thus far. San Jose remains open in all directions and to depth and we expect to expand on this zone in the next phase of drilling. We are currently drilling in the La Union zone that we have identified over 250 meters with eight trenches and trench one is only about 50 meters to the South of SJ-08. The La Union and San Jose zones may be connected or slightly offset by a fault that can only be confirmed with further drilling. There may also be some significance to higher gold values that we are finding a little deeper. Hole SJ-08 cut 6.9 meters starting at 66.2 meters of 0.41 grams gold while SJ-07 hit 1.23 grams gold over 5 meters starting at 69 meters and higher gold values were also noted deeper in SJ-04 and SJ-05l."

San Jose zone Highlights

SJ-05 cut:     
      47.0 meters from surface averaging 131 grams per tonne silver, including
      19.65 meters from 4.35 to 24.0 meters of 263 g/t silver, and
      8.0 meters from 24.0 to 32.0 meters of 30 g/t silver and 0.51 g/t
      gold, and
      5.0 meters from 42.0 to 47.0 meters of  93 g/t silver.

SJ-06 cut:     
      6.6 meters from 44.0 to 50.6 meters of 354 g/t silver, and
      29.0 meters from 41.0 to 70.0 meters averaging 1.1 per cent zinc.

SJ-07 cut:     
      5.95 meters from 38.05 to 44.0 meters of 166 g/t silver, and
      5.0 meters from 69.0 to 74.0 meters of 26 g/t silver and 1.23 g/t
      gold.

SJ-08 cut:     
      4.5 meters from 9.3 to 13.8 of 148 g/t silver and
      4.0 meters from 46.5 to 50.5 meters of 149 g/t silver with 0.49 g/t
      gold.

Quality Control Person

Paramount takes detail photos of the entire core before it is cut to half core which is assayed at ALS Chemex's Vancouver laboratory. As part of quality assurance, quality control (QAQC), a blank (sterile) sample is submitted every 20th sample. Later, pulps from a number of intervals will be renumbered and pulps from known standards will be inserted between them in numerical order. These will then be submitted for reanalysis. The results will then be compared to the original values reported, and the known values of the inserted standards. Half-core samples have been retained on site for verification and reference purposes.

C.W. (Bill) Reed, B. Sc. Mineralogy, is acting as qualified person and has prepared the detail and review with respect to this news release.

Drill hole      From      To     Width    Gold    Silver   Lead %  Zinc %
                      in meters          in g/t   in g/t

SJ - 05          0.00     4.35    4.35    0.08     65.00   0.42    0.15
                 4.35    24.00   19.65    0.04    263.00   0.53    0.48
                24.00    32.00    8.00    0.51     30.00   0.26    0.83
                42.00    47.00    5.00    0.01     93.00    nsv     nsv


SJ - 06         41.00    44.00    3.00    0.00     39.00   0.04    1.03
                44.00    50.60    6.60    0.00    354.00   0.28    1.36
                50.50    62.00   10.70    0.00      8.00   0.09    0.91
                62.00    70.00    8.00    0.21      8.00   0.46    1.23
               108.00   114.85    6.85    0.20      0.00    nsv     nsv


SJ - 07         38.05    44.00    5.95    0.00    166.00    nsv     nsv
                44.00    52.00    6.50    0.01     57.00    nsv     nsv
                59.00    64.00    5.00    0.40     31.00   0.22    0.47
                69.00    74.00    5.00    1.23     26.00   0.14    0.29
                82.00   108.70   26.70    0.38      7.00    nsv     nsv

SJ - 08          0.00     2.90    2.90    0.08     63.00    nsv     nsv
                 9.30    13.80    4.50    0.07    148.00   0.16     0.4
                13.80    46.50   32.70    0.03     24.06    nsv     nsv
                46.50    50.50    4.00    0.49    149.00   0.36    0.13
                66.20    73.10    6.90    0.22      5.64   0.41    0.91
                81.00    90.00    9.00    0.43      2.00    nsv     nsv
About San Miguel

San Miguel is currently comprised of 16 concessions covering an estimated 6 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. Paramount signed an agreement in August 2005 with Amermin S.A. de CV, a subsidiary of Tara Gold Resources, to acquire up to a 70% interest in the San Miguel project.

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, 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