SOURCE: Tara Gold Resources Corp.

May 23, 2006 09:00 ET

Tara Gold Gains Frankfurt Stock Exchange Listing

CHICAGO, IL -- (MARKET WIRE) -- May 23, 2006 -- (PINKSHEETS: TRGD) and (FRANKFURT: T8N) Tara Gold Resources Corp. (the "Company") is pleased to announce that its shares have been accepted for listing and is now trading on the Frankfurt Stock Exchange under the trading symbol "T8N" and the German Securities No. (WKN) "A0JEFM."

Mr. Francis Biscan Jr., President of Tara Gold Resources, stated, "European investors have shown an interest in Tara Gold due to our near-production projects, with substantial exploration potential, where there is leverage to rising commodity prices. We welcome our new shareholders and provide a summary of our priority projects for their benefit."

Las Minitas: Historical work indicates three mineralized zones of interest that contain a potential of 22 million tons of ore grading 20 oz/t silver and 0.08 oz/t gold. Metallurgical testing indicates that 90% recoveries may be achievable by cyanidation alone. An independent National Instrument 43-101 technical report has been commissioned.

Lluvia de Oro: The property includes one open pit mine, two heap leach pads and a gold recovery plant. Historical information indicates that the mine has an initial reserve of 4.6 million tonnes grading 0.82g Au/t or 121,000 ounces. Exploration drilling delineated an additional higher-grade resource of approximately 4.5 million tonnes grading 0.95g Au/t along the same structure. Tara Gold has optioned an 80% interest to Columbia Metals which is developing a plan to re-initiate mining and production.

San Miguel Groupings: Historical drilling indicates a silver resource of 32 million ounces at a grade of close to 5 oz/t. There is excellent potential to upgrade and expand this resource as initial indications are that this resource is part of a 4,000 m continuous mineralization zone. Tara Gold has given Paramount Gold an option to earn 70% interest. Paramount Gold is currently conducting a trenching and drilling program at the property.

La Currita: The property includes 4 mines, a 150 ton/day operating floatation mill and stockpiled ore. The mill is currently operating but opportunity exists to increase processing capacity and re-start several mines. Tara Gold is currently analyzing the implementation of a capital improvement program to increase revenue generated.

La Estrella: Mineralized veins vary between 0.15 and 1.8 m and average 0.53 m in width over known strike length of 175 m underground. The average grade of the mined zone has been 8.06 g/t gold and 715 g/t silver over a 900 m strike length. This acquisition will be a key supplier of high grade ore to the operating mill at La Currita.

La Millonaria: This property includes 4 concessions with formerly producing gold mines. A study of the existing waste dump shows 27,000 tons of an average gold grade of 9.7 g/ton and an average silver grade of 96.7 g/ton. This property has the potential to generate cash flow in a relatively short to intermediate timeframe.

Cautionary Note

In some cases, the tonnages, grades, assays, drill intercepts, production figures and other technical data are taken from historical records prior to the implementation of NI 43-101. While the data is believed to have been acquired, processed and disclosed by persons believed to be technically competent, it is unverifiable at present. Tara Gold is not treating the historical estimates as current mineral resources or mineral reserves as defined in NI 43-101 and the historical estimate should not be relied upon.

About Tara Gold Resources Corp.

Tara Gold Resources Corp. is a growth-oriented precious metals exploration and development company with existing production. It is management's objective to become a significant gold and precious metals producer by increasing our current production at La Currita, re-initiating mining and production at Lluvia de Oro, and developing the San Miguel, La Millionaria, 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://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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