SOURCE: Tara Gold Resources Corp.

August 16, 2007 10:07 ET

Tara Earned $975,532 in Q1 2006 - 10-QSB Quarterly Report Filed

CHICAGO, IL--(Marketwire - August 16, 2007) - Tara Gold Resources Corp. (PINKSHEETS: TRGD) (FRANKFURT: T8N) is pleased to announce that it has filed its Form 10-QSB Quarterly Report for period ended March 31, 2006 with the US Securities and Exchange Commission. Tara earned $975,532 during this period.

The Form 10-QSB can be accessed on Tara Gold Resources website at www.TaraGoldResources.com, as well as on the SEC's website at www.sec.gov. Tara Gold continues to aggressively work towards becoming compliant with its financial reporting and considers this objective its highest priority.

Following the period ended March 31, 2006, Tara acquired a number of additional properties. New Joint Ventures have been negotiated on most properties, with the remaining properties seeing potential Joint Venture interest.

Mr. Francis Biscan Jr., President of Tara Gold Resources, stated, "Tara has a unique business strategy which reduces shareholder risk and results in several properties being advanced simultaneously by operating partners. This allows Tara to continue to focus on recognizing and acquiring value early."

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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