SOURCE: Tara Gold Resources Corp.

August 16, 2007 14:12 ET

Tara Gold Announces Drilling Initiated at Las Minitas Silver-Gold Project

CHICAGO, IL--(Marketwire - August 16, 2007) - Tara Gold Resources Corp. (PINKSHEETS: TRGD) (FRANKFURT: T8N) is pleased to announce that a 3,000 m diamond drilling program has been started at the Las Minitas Ag-Au Property in southwestern Sonora State, Mexico, located 30 km NE of Navojoa.

In May of 2007, Tara Gold signed an option agreement with Pershimco Resources Inc. giving Pershimco, as operator, an option to earn a 75% direct property interest by making cumulative payments of $1.8 million to Tara Gold, staged exploration work for a total of $5.2 million over 48 months, underlying properties payments of $3.4 million and issuing 750,000 shares to Tara Gold.

The current drilling will focus on validating historical drill assay results and expanding the resource potential along the Las Minitas and El Negro easterly trending mineralized corridors, each 2 km in length. Some 569.5 m in 3 holes (LM-07-01 to 03) have been drilled to date on the Las Minitas Property.

Direct field observations by Pershimco personnel, the historical work reported in a 2006 Technical Report by Michael Sandidge and compliant with National Instrument 43-101 standards, and a 2006 internal summary report by David Petersen, P. Eng., for Tara Gold Resources Corporation, indicate at least five E-SE trending mineralized corridors (Las Minitas, El Negro, Socorro, Aurifero V-1, Aurifero V-2 and Aurifero V-3), repeated at roughly 750 m N-S spacings, each 2 km in length.

The next 5 drill holes are planned for the El Negro target area, due north of the Las Minitas mineralized corridor, where a historical resource of 13.53 million tonnes grading 260 g/t Ag and 0.31 g/t Au has been defined, as outlined in the Michael Sandidge, P. Geo., technical report. The estimate is strictly historical in nature. There has not been sufficient work to classify these resources as compliant NI 43-101 Mineral Resources; nor is Tara Gold or Pershimco, the operator, treating the historical estimate as current mineral resources. The historical estimate should not be relied upon.

Assay results will be released as they become available, as well as additional field observations as the exploration campaign continues with the drilling; surface outcrop stripping, trenching and sampling; and airborne and ground geophysics, all to determine the full extent of the Ag-Au content on the Las Minitas Property.

The information in this news release has been prepared and reviewed by Mr. Jean Lafleur, P. Geo., Director and Technical Advisor to Pershimco, and is a Qualified Person under NI 43-101.

About Las Minitas

The 7,275 hectares Las Minitas Property is located in Sonora, Mexico, northwest of the town of Alamos, within the well known Sierra Madre Occidental gold-silver belt where a number of successful gold/silver exploration projects are ongoing.

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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