SOURCE: Tara Gold Resources Corp.

May 20, 2008 09:26 ET

Tara Gold -- Mineralization at 300m Depth Expands San Miguel 'Clavo 99'

CHICAGO, IL--(Marketwire - May 20, 2008) - Tara Gold Resources Corp. (PINKSHEETS: TRGD) (FRANKFURT: T8N) is pleased to announce assay results from 3 additional drill holes in the San Miguel Vein. Drill hole SM-36 intersected the main structure 100 meters below hole SM-35, near the center of the 'Clavo 99' zone. SM-37 was drilled very close to and parallel to SM-36. SM-37 cut the main vein approximately 10 meters above SM-36. SM-38 intersected the main vein 50 meters below and 80 meters southeast of SM-35. As the table of intercepts below indicates, all were well mineralized. Drilling continues at 'Clavo 99.'

Holes SM-36, 37 and 38 demonstrate that 'Clavo 99' persists for more than 300 meters below the surface and is at least 450 meters wide at this depth. It remains open to the southeast and at depth. A second core drill was added recently to define the limits of the mineralization 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.

Paramount has commented that, "Drill holes SM-36, 37 and SM-38 extend the excellent mineralization seen in holes SM-34 and SM-35 down dip and to the southeast. Clavo 99 now has been shown to have a depth extent greater than 300 meters, a width of at least 450 meters and remains open to the southeast. As noted before, gold values are increasing relative to silver."

The principal intercept in SM-36 was 0.64 meters (true width) grading 8.24 g/t Au and 431 g/t Ag, or 16.56 g/t gold-equivalent (Au Eq.). This was within an intercept of 3.15 meters (true width) grading 3.04 g/t Au and 154 g/t Ag, or 6.1 g/t Au Eq. In SM-37, the principal intercept was 1.67 meters grading 2.46 g/t Au and 86 g/t Ag or 4.18g/t Au Eq. This was within an intercept of 4.18 meters grading 1.36 g/t Au and 53 g/t Ag, or 2.42 g/t Au Eq. In hole SM-38 the principal intercept was 3.8 meters grading 1.34 g/t Au and 436 g/t Ag, or 10.06 g/t Au Eq.

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

                                                         Gold    Gold
                                 True    Gold    Silver  Equiv.  Equiv.
Hole    From     To     Interval Width  (grams/ (grams/ (grams/ (grams x
Number (Meters) (Meters)(Meters)(Meters) ton)    ton)    ton)    meters)
SM-36   195.00   199.00   4.00    2.57    0.70   182.00   4.34    11.15
        210.00    214.9   4.90    3.15    3.04   154.00   6.10     19.2
incl    210.00   212.80   2.80    1.80    1.47    67.00   2.81     5.06
        212.80   213.80   1.00    0.64    8.24   431.00  16.56    10.60
        213.80   214.90   1.10    0.71    2.59   118.00   4.95     3.54

SM-37   209.20    215.7    6.5    4.18    1.36    53.00   2.42    10.12
incl    209.00   212.40   3.20    2.06    0.61    33.00   1.27     2.61
        212.40   215.00   2.60    1.67    2.46    86.00   4.18     8.98
SM-38   193.50   201.10   7.60    3.80    1.34   436.00  10.06    38.23
        221.00   222.00   1.00    0.50    4.98    21.00   5.31     2.66
        225.00   240.00  15.00    7.50    0.53    29.00   1.10     8.25
        294.00   294.80   0.80    0.40    1.59    20.00   1.99     0.80

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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