SOURCE: Tara Gold Resources Corp.

March 20, 2008 13:19 ET

Tara Gold Reports 10.4 m of 4.5 g/t Gold and Extends Northern Limit of Clavo 99 Within the High Grade San Miguel Vein

CHICAGO, IL--(Marketwire - March 20, 2008) - Tara Gold Resources Corp. (PINKSHEETS: TRGD) (FRANKFURT: T8N) is pleased to announce assay results from four additional drill holes in the San Miguel Zone of its San Miguel project in the Guazapares Mining District, Mexico. Drill holes SM-21, 22, and 23 were drilled 50 meters below the upper row of holes in the southern portion of the vein to test the depth extent of that mineralization. Hole SM-24 was drilled 50 meters north of well-mineralized SM-13, and was designed to extend the northern margin of the high grade Clavo 99.

Holes SM-21, 22, and 23, are south of Clavo 99 and demonstrate that the mineralization present in the near-surface holes along the vein persist to as much as 150 meters below the surface and is open to greater depths; follow-up drilling in this area is planned.

As anticipated, hole number SM-24 intersected high grade mineralization, with the best intercept of 10.39 m of 3.52 g/t Au and 60 g/t Ag. This intercept is within Clavo 99 and extends Clavo 99 an additional 50 meters to the north, for a total length of approximately 400 meters and a depth of 200 meters down dip.

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):

                                                                    Grade
                                      True                   Gold   Thick-
Hole       From     To     Interval  Width   Gold   Silver  Equiv.   ness
           ------ -------- -------- -------- ------ ------- ------- -------
                                                                    (grams
                                                                      Au
                                                                    Equiv.
                                             (grams/(grams/ (grams/   x
Number    (meters)(meters) (meters) (meters)  ton)    ton)    ton)  meters)
           ------ -------- -------- -------- ------ ------- ------- -------
SM-21       76.80    82.85     6.05     5.48   0.22   47.00    1.01    5.54
           ====== ======== ======== ======== ====== ======= ======= =======

                         including:     0.91   0.18  139.00    2.50    2.27
           ------------------------ -------- ------ ------- ------- -------

SM-22       69.90    73.50     3.60     2.95   0.96   47.00    1.74    5.13
           ====== ======== ======== ======== ====== ======= ======= =======

SM-23       87.50    88.50     1.00     0.87   3.74   26.00    4.17    3.61
           ====== ======== ======== ======== ====== ======= ======= =======

           ----------------------------------------------------------------
SM-24      132.50   144.50    12.00    10.39   3.52   60.00    4.53   47.08
           ====== ======== ======== ======== ====== ======= ======= =======

                       including:       2.86   2.91  134.85    5.15   14.72
                                    -------- ------ ------- ------- -------
                                        0.87  12.65  190.00   15.82   13.70
                                    -------- ------ ------- ------- -------
                                        6.67   2.61   11.35    2.80   18.65
           ------------------------ -------- ------ ------- ------- -------

           ------ -------- -------- -------- ------ ------- ------- -------
           146.60   147.80     1.20     1.04   4.13   16.00    4.40    4.57
           ------ -------- -------- -------- ------ ------- ------- -------
           154.70   155.40     0.70     0.61   1.70    6.00    1.80    1.09
           ------ -------- -------- -------- ------ ------- ------- -------

           ------ -------- -------- -------- ------ ------- ------- -------
Average:   132.50   155.40    22.90    19.83   2.19   32.88    2.74   54.29
           ------ -------- -------- -------- ------ ------- ------- -------

Paramount has commented that, "As indicated in holes SM-21, 22, and 23, mineralization in the southern portion of the San Miguel vein continues to greater depth, but the best news comes from hole SM-24. A 10.4 m intercept of 4.5 grams gold-equivalent demonstrates the persistence and strength of mineralization in Clavo 99. We are eagerly anticipating the assays from holes SM 34 and 35, which could potentially extend Clavo 99 to a depth of 250 m, and assays from SM 36 to 39 which could extend Clavo 99 deeper to 300 m."

SM-24 shows that Clavo 99 is now at least 400 m long and persists to a depth of at least 200 m. The gold content appears to be increasing relative to silver with depth. Drilling continues with the intention of extending Clavo 99 along strike and to greater depths.

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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