SOURCE: Tara Gold Resources Corp.

January 26, 2007 07:00 ET

San Miguel Technical Report Recommends Additional Exploration to Increase Preliminary Resource Estimate

CHICAGO, IL -- (MARKET WIRE) -- January 26, 2007 -- Tara Gold Resources Corp. (PINKSHEETS: TRGD) (FRANKFURT: T8N) is pleased to announce that it has received the technical compliant report for the San Miguel project near Temoris, Chihuahua, Mexico. The report analyzes work-to-date, provides a preliminary resource estimate based on this early work, confirms the substantial potential of the property and recommends additional exploration. 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 NI 43-101 compliant report was completed by Dana Durgin of Delve Consultants LLC., Sparks, Nevada, USA on behalf of Paramount Gold, the operator. Based on 39 widely spaced shallow drill holes, covering 2.7 km of the 8 km structure, the report calculated an inferred resource of 4.8 million metric tonnes, grading the US dollar equivalent of 246.6 grams of silver per tonne, or 38 million ounces of silver.

The resources described in this report remain open along strike to the NNW and SSE, as well as down dip. Few of the drill holes have reached more than 120 meters below the surface. In precious metal systems like this, such as at nearby Palmarejo, ore shoots are known to persist to depths of 300 meters or more down dip. In addition, the drilling program has tested only 2.7 km of the 8 km system strike. There is also a parallel fault zone 2 km to the west with excellent silver/gold mineralization at the surface. This parallel system has not yet been drilled.

The report recommends infill drilling to better define the existing resource, preliminary metallurgical testing and additional exploration along strike.

About San Miguel

San Miguel is currently comprised of 16 concessions covering an estimated 8 km 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:

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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