SOURCE: Tara Gold Resources Corp.

November 13, 2007 10:51 ET

Tara Gold Increases Las Minitas Project Holdings to 79 Square Kilometres and Signs Definitive Agreement With Pershimco

CHICAGO, IL--(Marketwire - November 13, 2007) - (PINKSHEETS: TRGD) and (FRANKFURT: T8N) Tara Gold Resources Corp. is pleased to announce that it has increased its Las Minitas holdings to 79.52 square kilometres to encompass additional targets. Tara has also signed the definitive option agreement with Pershimco Resources Inc. whereby Pershimco can acquire a 75% direct property interest in the Las Minitas Project.

The parties acquired additional contiguous properties, covering the on-strike extension of the historical mineralization, which will also form part of the Las Minitas Project. The current size of the Las Minitas Project now totals 79.52 square kilometres in 30 contiguous properties.

In May of 2007, Tara Gold signed an option agreement with giving Pershimco, as operator, an option to earn a 75% direct property interest by making cumulative payments of $1.8 million to Tara Gold, staged exploration work for a total of $5.2 million over 48 months, underlying properties payments of $3.4 million and issuing 750,000 shares to Tara Gold. The $1.8 million payment to Tara has been reduced to $1.7 million with the $100,000 going towards the new acquisitions.

Mr. Francis Biscan, Jr., President of Tara Gold Resources, stated, "We are very pleased with the professionalism shown by Pershimco. Their passion for the Las Minitas project and the talent of their technical team have served to increase the excitement surrounding the project. We are looking forward to working with them to understand and uncover the full potential of Las Minitas."

Pershimco is planning a comprehensive exploration campaign on the Las Minitas Project, with airborne geophysics (magnetics, electro-magnetics, radiometrics), surface geochemical sampling, trenching and sampling, and 5000 meters of diamond drilling. Details of the program will be made available once Pershimco receives and processes assay results from its recently completed 3,000 m / 19 hole diamond drill program on the first 2 of 6 targets at the Las Minitas gold-rich and El Negro silver-rich targets. A total of 16 holes were completed at El Negro and 3 at Las Minitas.

The information in this news release has been prepared and reviewed by Mr. Jean Lafleur, P. Geo., Director and Technical Advisor to Pershimco, the operator's Qualified Person under NI 43-101.

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.

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