SOURCE: Tara Gold Resources Corp.

July 31, 2008 10:48 ET

Tara Gold Reports First Gold Pour at Lluvia de Oro Project

CHICAGO, IL--(Marketwire - July 31, 2008) - Tara Gold Resources Corp. (PINKSHEETS: TRGD) (FRANKFURT: T8N) is pleased to announce the first gold doré has been poured at the Lluvia de Oro project in Sonora State, Mexico.

Tara Gold Resources signed an agreement with NWM Mining Corporation (formerly known as Columbia Metals Corporation), whereby NWM Mining can acquire 100% interest, subject to Tara's ongoing 20% Net Cash Flow interest from the processing plant, by making payments totaling $4,337,500, and issuing 1,000,000 shares to Tara Gold. NWM Mining is the operator of the project and provided this update in their news release of July 31, 2008.

The Lluvia de Oro project is located near Santa Ana in Sonora State, just south of the US border with Mexico and contains 43-101 compliant gold resources. A copy of the 43-101 report is available at http://TaraGoldResources.com.

About Tara Gold Resources Corp.

The principal business of Tara Gold Resources Corp. is the acquisition, exploration and development of high-quality precious metals projects with potential for economic commercial value. Tara provides investors growth exposure with a diversified exploration portfolio, multiple multi-million ounce targets and several near term production scenarios. Tara Gold is currently focused on the advancement of the significant silver discovery at San Miguel (30% interest) and generating revenue from the Don Ramon and Lourdes project owned 100% by the subsidiary Tara Minerals Corp. Tara Gold is also positioned to benefit from production start-up at Lluvia de Oro and La Currita, the material exploration and production potential of Picacho, and from the future advancement of La Millionaria, Las Minitas and the Curcurpe projects in Mexico. 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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