SOURCE: Tara Gold Resources Corp.

May 06, 2008 09:47 ET

Tara Gold Extends 'Clavo 99' 100 Meters Along Strike at a Depth of 250 Meters at Its San Miguel Project

CHICAGO, IL--(Marketwire - May 6, 2008) - Tara Gold Resources Corp. (PINKSHEETS: TRGD) (FRANKFURT: T8N) is pleased to announce assay results from drill hole SM-35 in the San Miguel Vein. Drill hole SM-35 was drilled 50 meters below hole SM-20 in the southern part of 'Clavo 99' to test the depth and lateral extent of that mineralization.

SM-35 intersected 1.85 meters of 9.57 g/t Au and 26 g/t Ag. The entire mineralized zone in Hole SM-35 is 17.44 meters wide and averages 1.84 g/t Au and 76 g/t Ag. The assays from SM-35 establish that the high grade mineralization in 'Clavo 99' extends to a depth of at least 250 meters below the surface and that it extends for a 100 meters south along strike at this depth (from hole SM-34). Clavo 99 continues to remain open at depth and along strike.

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.

Highlights of these assay results are as follows (go to www.TaraGoldResources.com for further assay details and maps):

Hole    From        To          Interval    True Width
Number  (meters)   (meters)    (meters)    (meters)
------- -------    -------   -----------    ----------
SM-35    145.10     155.00          9.90          6.10
                                                  2.53
                              including:          0.49
                                                  3.08
         155.00     165.00         10.00          6.16
                                                  4.31
                              including:          1.85
         165.00     173.40          8.40          5.18
                                                  4.07
                              including:          1.11
average: 145.10     173.40         28.30         17.44


   Gold           Silver        Gold Equiv.*        Grade Thickness
(grams/ton)     (grams/ton)     (grams/ton)     (grams Au Equiv. x meters)
----------       ---------      ----------       ------------------------
      0.19          103.00            2.25                          13.72
      0.08           49.00            1.06                           2.68
      0.38          643.00           13.24                           6.52
      0.25           61.00            1.47                           4.53
      4.09          106.00            6.21                          38.25
      1.74          140.00            4.54                          19.58
      9.57           26.00           10.09                          18.65
      1.11            8.29            1.28                           6.62
      0.52            7.00            0.66                           2.68
      3.28           13.00            3.54                           3.93
      1.84           75.95            3.36                          58.60

*Note: Ag/Au ratio = 50 (used to calculate Gold Equivalent)

Paramount has commented that, "As anticipated, the results from drill hole SM-35 extend the excellent mineralization seen in holes SM-18 and SM-20 for another 50 meters down dip, and that seen in hole SM-34 for at least 100 meters south along strike. 'Clavo 99' has now been shown to persist to a depth of at least 250 meters and it remains open down dip. Prior drilling indicated that 'Clavo 99' extends along strike for at least 400 meters. We anticipate that this unusually large high grade zone will continue to grow in size."

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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