SOURCE: Tara Minerals Corp.

Tara Minerals Corp.

December 07, 2009 09:00 ET

Tara Minerals Reaches Agreement to Sell Concentrate to Glencore

CHICAGO, IL--(Marketwire - December 7, 2009) - Tara Minerals Corp. (OTCBB: TARM) (BERLIN: 6T3), a subsidiary of Tara Gold Resources Corp. (PINKSHEETS: TRGD) (FRANKFURT: T8N), is pleased to announce that the Company has reached an agreement to sell all of its zinc and lead Don Roman concentrate to Metagri S.A. de C.V., a local Mexican subsidiary of Glencore International AG. The agreement includes payment of 85% of the final zinc content and 95% of the final lead content, minus applicable quality, shipping and processing costs and also payment for gold and silver content within the concentrate. The agreement is for a five year term with an extension clause.

Metagri / Glencore has also agreed to provide technical assistance from its worldwide mining and metallurgical operations towards increasing and optimizing production levels at the Don Roman mine and mill. The Glencore technical team has already visited the plant on a couple of occasions and has proven to be a valuable resource. The technical support will also be available to assist with other business development opportunities between Tara and Metagri/ Glencore.

Mr. Francis Biscan Jr., President of Tara Minerals Corp., stated, "Glencore has international reach and a wealth of technical knowledge. While forming the relationship, they have consistently expressed an attitude of partnership aimed at developing a successful and profitable project for our company and a consistent quality product for them. We look forward to working with Metagri / Glencore on an on-going basis. We have been stockpiling processed concentrate and shipments to Metagri will begin immediately."

About Tara Minerals Corp.

Tara Minerals is focused on generating revenue from the Don Roman and Lourdes gold, lead, zinc, and silver mine and mill located in Choix, Mexico. Tara Minerals Corp. is a US-based growth-orientated resource company engaged in the search, acquisition, exploration and development of high-quality non-precious & precious metals and minerals projects with potential for economic commercial value.

About Glencore International AG

The Glencore Group of Companies ("Glencore") is one of the world's largest suppliers of commodities and raw materials to industrial consumers. Glencore, founded in 1974, is a privately held Group owned by its management and employees. Headquartered in Baar, Switzerland, Glencore employs over 2,000 people in its global marketing operations in some 50 offices in over 40 countries. In its industrial operations, Glencore employs over 50,000 people at 16 plants in 13 countries.

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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