SOURCE: Tara Gold Resources Corp.

July 07, 2008 11:37 ET

Drilling Further Extends San Miguel Clavo 99

CHICAGO, IL--(Marketwire - July 7, 2008) - Tara Gold Resources Corp. (PINKSHEETS: TRGD) (FRANKFURT: T8N) is pleased to announce assay results from diamond drill holes SM-45, 46 and 47 drilled to intercept the vein below holes SM-13, 15 and 24, near the northwestern margin of Clavo 99. SM-45 and 46 cut the vein 50 meters down dip, and SM-47 cut the vein 100 meters down dip from holes SM-45 and 46. Hole SM-47 indicates that Clavo 99 extends to a depth of nearly 300 meters in the northwestern portion and remains open at depth, and to the northwest.

The San Miguel project is a joint venture between Tara Gold Resources Corp. (30%) and Paramount Gold Mining Corp. (70%). Paramount is the operator of the exploration program and provided this update in their news release of July 7, 2008.

Highlights of these assay results are seen in the table below. Please visit http://www.TaraGoldResources.com for additional information.

                                   True                    Gold   Grade
Hole       From     To    Interval Width   Gold   Silver   Equiv. Thickness
          ------- ------- ------- ------- ------- ------- ------- -------
                                          (grams  (grams  (grams (grams x
Number    (meters)(meters)(meters)(meters) /ton)   /ton)   /ton)  meters)
          ------- ------- ------- ------- ------- ------- ------- -------
SM-45       144.6   150.2     5.6    3.96    0.34      45    1.24    4.91
          ------- ------- ------- ------- ------- ------- ------- -------
            150.2  155.95    5.75    4.07    3.13     206    7.25   29.47
          ------- ------- ------- ------- ------- ------- ------- -------

          ------- ------- ------- ------- ------- ------- ------- -------
SM-46       161.0   166.1     5.1    3.91    0.12      11    0.34    1.33
          ------- ------- ------- ------- ------- ------- ------- -------
            180.0   184.2     4.2    3.22    0.41       1    0.44    1.42
          ------- ------- ------- ------- ------- ------- ------- -------
  incl.     180.9   181.7     0.8    0.61    0.99       4    1.07    0.66
          ------- ------- ------- ------- ------- ------- ------- -------

          ------- ------- ------- ------- ------- ------- ------- -------
SM-47       188.0   206.0    18.0   12.73    0.81      24    1.30   16.54
          ------- ------- ------- ------- ------- ------- ------- -------
  incl.     188.0   191.0     3.0    2.12    1.15      15    1.44    3.05
          ------- ------- ------- ------- ------- ------- ------- -------
  incl.     198.0   201.0     3.0    2.12    1.80      15    2.11    4.48
          ------- ------- ------- ------- ------- ------- ------- -------
  incl.     204.6   206.0     1.4    0.99    2.72     204    6.79    6.72
          ------- ------- ------- ------- ------- ------- ------- -------

Paramount has commented that, "The results of these three holes confirm that the northwest portion of Clavo 99 continues to expand down dip. We are excited for the pending assays of seven drill holes which could expand Clavo 99 further to the northwest."

Quality Control

Paramount takes detailed digital photos of the entire core before it is cut by saw to half core which is assayed at ALS Chemex's Vancouver laboratory. As part of quality assurance, quality control (QA/QC), Paramount has put into place a detailed program of periodically introducing certified standards, blanks and duplicates into the sample stream. Half-core samples are being retained on site for verification and reference purposes.

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 Millonaria, 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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