SOURCE: Tara Gold Resources Corp.

March 17, 2008 12:00 ET

Tara Gold Extends Southern Limit of High Grade Gold and Silver Zone (Clavo 99) Within the San Miguel Vein

CHICAGO, IL--(Marketwire - March 17, 2008) - Tara Gold Resources Corp. (PINKSHEETS: TRGD) and (FRANKFURT: T8N) is pleased to announce assay results from two additional drill holes in the San Miguel Zone of its San Miguel project in the Guazapares Mining District, Mexico. Drill hole SM-19 was drilled at the southern end of the drill pattern, and SM-20 was drilled below moderately well mineralized SM-08 and SM-09, designed to test the vein approximately 50 meters below these two holes.

Hole SM-20 had two excellent gold and silver intercepts as shown in the table below: 2.65m of 1.23 g/t Au and 834 g/t Ag, and 6.26m of 2.41 g/t Au and 20 g/t Ag. It extends the southern limit of the high grade body called 'Clavo 99' an additional 50 meters horizontally, to a total width of at least 350 meters. Clavo 99 is also now shown to be mineralized for 200 meters down dip and it remains open down dip and to the north.

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 seen in the table below (go to www.TaraGoldResources.com for further assay details and maps):

                                         True                 Gold   Gold
                From          Interval   Width Gold  Silver   Equiv. Equiv.
Hole Number      (m)   To (m)    (m)     (m)   (g/t)  (g/t)   (g/t)  (g/m)
                ------ ------ ---------- ----- ----- -------- ------ ------
SM-19            53.00  54.10       1.10  0.95  1.10     5.00   1.18   1.12
                ------ ------ ---------- ----- ----- -------- ------ ------

                ------ ------ ---------- ----- ----- -------- ------ ------
SM-20           117.55 121.30       3.75  2.65  1.23   834.00  15.12  40.09
                ------ ------ ---------- ----- ----- -------- ------ ------
                              Including:  0.92  2.51  1615.00  29.43  27.05
                ------ ------ ---------- ----- ----- -------- ------ ------
                129.50 138.35       8.85  6.26  2.41    20.00   2.75  17.21
                ------ ------ ---------- ----- ----- -------- ------ ------



Paramount has commented, "Hole SM-20 was a pleasant surprise. The excellent grades in this hole suggest that the southern boundary of 'Clavo 99' rakes to the south and that this high grade body may be larger than previously thought. In appearance, grade and mineralogy, this body of mineralization remains very similar to that at nearby Palmarejo."

Clavo 99 is now at least 350 m wide and persists to a depth of at least 200 m. Assays are expected shortly on holes SM-21 to SM-24 to the north and south of the Clavo. As noted in the previous news release (February 29, 2008) holes SM-34 and 35 were recently completed below SM-15 and SM-18 with the objective of extending the Clavo an additional 50 meters down dip. Assay results should be available in April. Drilling continues to the north with the intention of extending the Clavo along strike.

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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