SOURCE: Tara Gold Resources Corp.

June 10, 2008 12:40 ET

Tara Gold Drilling Extends San Miguel Clavo 99 to a 400m Depth and 550m Width and It Remains Open

CHICAGO, IL--(Marketwire - June 10, 2008) - Tara Gold Resources Corp. (PINKSHEETS: TRGD) (FRANKFURT: T8N) is pleased to announce assay results from three drill holes in the southeastern part of the San Miguel Vein. Several high grade veins were cut in SM-39 with gold values of 11.75g/t Au, 19.5g/t Au and 20.0 g/t Au and up to 1,360 g/t of silver. There was also an 8.83 meter intercept of 2.0 g/t Au and 14.8 g/t Ag. Hole SM-40 had generally wider intercepts such as 4.14 meters grading 4.92 g/t Au and 100 g/t Ag, and 5.32 meters grading 2.58 g/t Au and 24.4 g/t Ag. Hole SM-41 appears to have pierced a narrow spot in the vein system, with a best intercept of 1.05 meters grading 6.72 g/t Au and 10.9 g/t Ag.

Drill hole SM-39 intersected the main structure 50 meters below and 75 meters southeast of recently reported SM-38, in the southeast portion of the Clavo 99 zone. Hole SM-40 is 80 meters below and 70 meters southeast of SM-39, and is the deepest and furthest southeast drill intercept in the Clavo 99 zone. SM-41 cut the vein 100 meters directly below SM-38.

These three holes, SM-39, 40 and 41, demonstrate that the Clavo 99 zone continues to expand down dip and to the southeast. Drilling indicates that the strong gold and silver mineralization is present for at least 400 meters below the surface exposures, and is at least 550 meters wide at this depth. It also shows increasing gold values relative to silver, and it remains open to the southeast and at depth.

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 June 10, 2008.

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


                                     True                    Gold    Gold
Hole         From     To   Interval  Width   Gold   Silver  Equiv.  Equiv.
            ------- ------- ------- ------- ------- ------- ------- -------
            (Meters)(Meters)(Meters)(Meters)(grams/ (grams/ (grams/(grams x
Number                                        ton)   ton)    ton)   meters)
            ------- ------- ------- ------- ------- ------- ------- -------
SM-39         202.4   203.5     1.1    0.46    1.12 1360.00   28.32   13.03
            ------- ------- ------- ------- ------- ------- ------- -------
              268.1   289.0    20.9    8.83    2.00   14.80    2.30   20.27
            ------- ------- ------- ------- ------- ------- ------- -------
incl.         271.8   275.0     3.2    1.35    3.26   26.00    3.78    5.10
            ------- ------- ------- ------- ------- ------- ------- -------
              299.7   300.2     0.5    0.21   11.75   41.00   12.57    2.64
            ------- ------- ------- ------- ------- ------- ------- -------
              303.1   303.5     0.4    0.15   19.50  201.00   23.50    3.53
            ------- ------- ------- ------- ------- ------- ------- -------
              345.0   346.0     1.0    0.42   20.00  206.00   24.12   10.13
            ------- ------- ------- ------- ------- ------- ------- -------
SM-40         241.0   250.8     9.8    4.14    4.92  100.10    6.92   28.65
            ------- ------- ------- ------- ------- ------- ------- -------
incl.         247.0   250.8     3.8    1.61    7.28  180.00   10.88   17.52
            ------- ------- ------- ------- ------- ------- ------- -------
              280.0   292.6    12.6    5.32    2.58   24.40    3.07   16.33
            ------- ------- ------- ------- ------- ------- ------- -------
incl.         280.0   284.0     4.0    1.69    3.90   37.50    4.65    7.86
            ------- ------- ------- ------- ------- ------- ------- -------
              300.0   301.0     1.0    0.42   16.80   36.00   17.62    7.40
            ------- ------- ------- ------- ------- ------- ------- -------
SM-41         122.7   123.2     0.5    0.25    0.32  571.00   11.74    2.94
            ------- ------- ------- ------- ------- ------- ------- -------
              245.2   247.3     2.1    1.05    6.72   10.90    6.94    7.28
            ------- ------- ------- ------- ------- ------- ------- -------
              279.3   280.9     1.6    0.80    2.57    7.00    2.71    2.17
            ------- ------- ------- ------- ------- ------- ------- -------

Paramount has commented that, "The Clavo 99 zone continues to expand as drilling proceeds to the southeast and northwest along strike. Hole SM-40 is the deepest and furthest to the southeast of them all and has some of the better intercepts. The zone is now 400 meters by 550 meters in size, with excellent precious metal intercepts in nearly all of the 20 holes completed within the Clavo."

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.

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, Las Minitas and Curcurpe 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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