SOURCE: Tara Gold Resources Corp.

July 12, 2007 14:36 ET

Detailed Phase 1 Exploration Program Commissioned at La Currita

CHICAGO, IL--(Marketwire - July 12, 2007) - Tara Gold Resources Corp. (PINKSHEETS: TRGD) (FRANKFURT: T8N) and Raven Gold Corp are pleased to announce that a Phase 1 Exploration Program has been commissioned at the La Currita gold and silver project in Temoris, Mexico.

In May of 2007, Tara Gold signed a Joint Venture Agreement with Raven Gold Corp giving Raven the option to earn up to 60% interest in the La Currita Groupings by making certain payments to Tara Gold, issuing 1,500,000 shares, making all remaining property payments, which have been made, and spending a minimum of $4.25 million over 30 months.

La Currita covers a claim area of approximately 78 hectares, a single zone of mineralization, the Sulema vein, some 14 meters wide, has been sporadically mined and partially explored. In the past, mining was selective and restricted to only a portion of the vein. The intent of this new program is to explore the full width of the mineralized zone and which may also expose high grade structures that can exist in vein type deposits.

Exploration will consist of line cutting and survey control, geological mapping, geochemical soil sampling and rock chip sampling, geophysics (magnetometry and IP), pitting of anomalous areas and follow-up diamond drilling; plus mapping and sampling of the existing pillars left from previous mining will be combined to delineate positive tonnage and grade.

The object is to ascertain if current metal prices can support open pit methodology and an expanded mining width with an increased tonnage, delivering even lower costs which are associated with bulk mining methods.

About La Currita

The La Currita Groupings includes 4 mines, a 300 ton/day operating floatation mill and stockpiled ore. The La Currita mine was in steady production from 1983 until 1998. A diamond drilling exploration program conducted in 1998 indicated grades of 2.59 g/t Au and 200 g/t Ag. Existing mines and mineralized structures hold potential to increase tonnage through systematic exploration. The area surrounding La Currita has numerous mines and recent substantial discoveries. Adjacent to the La Currita holdings, Palmarejo recently merged with Coeur d'Alene Mines Corporation and Bolnisi Gold NL, in a transaction valued at approximately US$1.1 billion, creating the world's leading primary silver producer. In addition, about 20 miles to the SE is the 170,000 ounce/year Glamis Gold's El Sauzal gold mine and 40 miles to the North is Gammon Lake Resource's Ocampo Gold-Silver Project with a projected 270,000 gold-equivalent ounces/year.

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:

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