SOURCE: Tara Gold Resources Corp.

November 18, 2008 09:00 ET

Tara Gold Enters Option Agreement to Sell La Currita for Cash Payments and Net Smelter Return Royalty

CHICAGO, IL--(Marketwire - November 18, 2008) - (PINKSHEETS: TRGD) (FRANKFURT: T8N) Tara Gold Resources Corp. is pleased to announce that it has entered into an option agreement with Coeur d'Alene Mines Corporation that will allow Coeur to earn a 100% interest in the La Currita property adjacent to Coeur's Palmarejo silver and gold project now in construction in the state of Chihuahua, Mexico.

Under terms of the agreement with Tara Gold, Coeur will make an initial payment to Tara Gold, and subsequent optional payments over the next two years totaling US $3.0 million to gain 100% interest in the La Currita property. Tara will retain a sliding scale net smelter return (NSR) royalty based on the market price of silver.

The La Currita property borders the southeast end of Coeur's Guadalupe deposit in the south end of the Palmarejo District, where exploration drilling has been expanding and defining additional mineral resource. No exploration work has been conducted at La Currita since October 2007. A mineralized structure is exposed on surface for about 1 kilometer, with surface samples returning up to 0.146 ounces per ton gold (5 g/t) and 17.5 ounces per ton silver (600 g/t).

Mr. Francis Biscan Jr., President of Tara Gold Resources, stated, "We are extremely pleased to allow a team with the quality of Coeur D' Alene's to exploit the full potential of La Currita. With a modern plant scheduled for completion in the 1st quarter of 2009, we could not find a better scenario to add value for Tara Gold shareholders."

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 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, the NSR royalty with Coeur d'Alene Mines Corporation on 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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