SOURCE: Tara Gold Resources Corp.

July 16, 2007 09:15 ET

Tara Gold Receives Initial Sample Results of 15.8 Grams Gold and 1803 Grams Silver at La Currita

CHICAGO, IL--(Marketwire - July 16, 2007) - Tara Gold Resources Corp. (PINKSHEETS: TRGD) (FRANKFURT: T8N) is pleased to announce that it has received surface sample results of 15.8 grams Gold and 1803 grams Silver from La Currita's Sulema vein.

In May of 2007, Tara Gold signed a Joint Venture Agreement with Raven Gold Corp. giving Raven the option to earn up to 60% interest in the La Currita Groupings by making certain payments to Tara Gold, issuing 1,500,000 shares, making all remaining underlying property payments, which is now completely paid for, and spending a minimum of $4.25 million over 30 months.

In preparation to begin open pit mining methods at La Currita, the Sulema vein was exposed. Initial samples that were taken and assayed at the company's on site lab have returned values of 15.8 grams Gold and 1803 grams Silver across 3 meters. A Qualified Professional Geologist is in transit, where he will oversee a systematic sampling and trenching program designed at sampling across the entire Sulema vein at surface, whereby samples will be sent to a certified lab such as Chemex Labs for independent assay results.

About La Currita

The La Currita Groupings includes 4 mines, a 300 ton/day operating floatation mill and stockpiled ore. The La Currita mine was in steady production from 1983 until 1998. A diamond drilling exploration program conducted in 1998 indicated grades of 2.59 g/t Au and 200 g/t Ag. Existing mines and mineralized structures hold potential to increase tonnage through systematic exploration. The area surrounding La Currita has numerous mines and recent substantial discoveries. Adjacent to the La Currita holdings, Palmarejo recently merged with Coeur d'Alene Mines Corporation and Bolnisi Gold NL, in a transaction valued at approximately US$1.1 billion, creating the world's leading primary silver producer. In addition, about 20 miles to the SE is the 170,000 ounce/year Glamis Gold's El Sauzal gold mine and 40 miles to the North is Gammon Lake Resource's Ocampo Gold-Silver Project with a projected 270,000 gold-equivalent ounces/year.

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, Pilar De Mocoribo 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://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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