SOURCE: Tara Gold Resources Corp.

December 06, 2006 08:00 ET

Technical Study Commissioned to Establish Initial Gold/Silver Resource at San Miguel Project, Mexico

CHICAGO, IL -- (MARKET WIRE) -- December 6, 2006 -- Tara Gold Resources Corp. (PINKSHEETS: TRGD) (FRANKFURT: T8N) is pleased to announce that an independent technical review and report for the San Miguel Project has been commissioned. Paramount Gold, the project operator, has retained the services of Dana Durgin of Delve Consultants to complete a National Instrument 43-101 technical report. 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.

The technical report will include a review of exploration work carried out by Paramount during 2006 and a compilation of these results. It will also include a preliminary estimate of the inferred gold and silver resources developed to date. Thus far in 2006, Paramount has completed more than 7,000 meters of diamond drilling in approximately 45 core holes and 1,100 meters of trenching. Drilling, trenching and geologic mapping are ongoing. The technical report will also review historical data and Paramount's mapping and surface sampling within the project boundaries to evaluate further potential drill targets as well as areas where follow up and in fill drilling will be required to upgrade and expand silver and gold resources.

Dana Durgin is a geologist with the requisite accreditation to complete National Instrument 43-101 technical reports. Mr. Durgin has been involved in mineral exploration and project development in the US, Canada and Mexico for 35 years, including his position as Chief Geologist, Mexico for Hecla Mining Company.

Mr. Francis Biscan Jr., President of Tara Gold Resources, stated, "Tara has been very successful to date in recognizing prospective properties early and I am confident that San Miguel will live up to our hopes. The 43-101 technical report will quantify the exploration program at San Miguel to date and provide for a better understanding of how to direct future exploration work to unlock the great potential of this property."

At the San Miguel project, Paramount has identified strong silver and gold mineralization along at least 6 kilometers of strike length, however only 2.4 kilometers of this has been explored thus far through an ongoing drill program. The project also includes the San Luis mine where production averaged about 12 gpt Au, 350 gpt Ag, and 10% Pb per tonne, before the mine closed in 1963 due to a water flood from surface and low metal prices. Unknown quantities of high grade ore remain in the mine. Its excellent potential has been confirmed by a channel sample from a crosscut on the 300 level that assayed 85.2 grams gold and 339 grams silver across 15 meters and by drill hole SL-02 that intersected 4.0 meters of 35.5 g/t gold and 17.0 g/t silver below this level.

Paramount's ongoing drill program has intersected potentially economic grades of gold, silver, lead and zinc mineralization in 30 of the last 33 drill holes reported to date. Highlights include:

SJ-01,   5.0 meters of 0.0 g/t gold and 263.6 g/t silver
SL-02,   4.0 meters of 35.5 g/t gold and 17.0 g/t silver
SJ-03,   5.0 meters of 0.1 g/t gold and 873.6 g/t silver
SJ-04,   6.5 meters of 0.0 g/t gold and 552.9 g/t silver
SJ-05,   19.7 meters of 0.0 g/t gold and 263.0 g/t silver
SJ-06,   6.6 meters of 0.0 g/t gold and 354.0 g/t silver
LU-01,   16.4 meters of 0.7 g/t gold and 225.0 g/t silver
         with 0.85% lead and 0.83% zinc
LU-02,   17.6 meters of 1.6 g/t gold and 279.0 g/t silver
         with 0.26% zinc
LU-09,   105.4 meters of 0.26 g/t gold and 28.0 g/t silver
         with 0.52% lead and 1.45% zinc
LU-11,   101.5 meters of 0.08 g/t gold and 13.5 g/t silver
         with 0.66% lead and 1.93% zinc

Trench highlights

ZSA-04 18.6 meters of 0.0 g/t gold and 198.5 g/t silver
ZSA-05 17.1 meters of 0.0 g/t gold and 180 g/t silver
ZSA-06 5.6 meters of 0.0 g/t gold and 597.0 g/t silver
ZLU-01 66.0 meters of 0.03 g/t gold and 105.0 g/t silver

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.

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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