SOURCE: Tara Gold Resources Corp.

December 13, 2007 10:02 ET

Tara Gold Retains 100% of Las Minitas as Option Is Terminated

CHICAGO, IL--(Marketwire - December 13, 2007) - (PINKSHEETS: TRGD) (FRANKFURT: T8N) Tara Gold Resources Corp. announces that its Mining Option Agreement with Pershimco Resources Inc., pertaining to the Las Minitas groupings, has been dropped by the Optionee. As a result, Tara Gold now holds a 100% interest in the Las Minitas groupings.

Tara Gold and the author of the NI-43-101 technical report have always considered the report historic in nature and therefore should not be relied upon. Excerpts from our September 7, 2006 Press Release include; "Modeling, based on historical results from 36 reverse circulation drills" and "All resource estimates for the property are historical in nature, as they are based on work completed prior to the implementation of NI-43-101 (2001), and therefore should not be relied upon" and "The data source for the Las Minitas property is largely the 1995 Report by D.B. Peterson. 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" and "The property report recommends that additional work should be undertaken to increase the level of knowledge of mineralization at Las Minitas and to advance the known mineralization from the previous drilling program to a level of confidence compliant to the definition of 'Measured Mineral Resource,'" according to CIM. The report recommends geological mapping, geochemical surveys, surface sampling, and in-fill drilling.

Tara also made the authors available to the Optionee and the Optionee held discussions with the authors during the due diligence period and have been in discussion with them throughout the Option period for guidance. Prior to the signing of the Mining Option Agreement, Mr. Petersen also discussed the history of the property with the Optionee.

The purpose of the testing that was completed by Pershimco was to test and verify the accuracy of the historical results and even possibly increase the potential of the property. Tara Gold considers the recent results positive and looks forward to seeing all of the data and historical information that is in the possession of Pershimco personnel.

Mr. Francis Biscan, Jr., President of Tara Gold Resources, stated, "We are surprised by the decision that has been made by Pershimco. Especially given the recent positive results as stated in Pershimco's own press release dated November 27, 2007, where Pershimco's president and chief executive officer, Michael Curtis, stated: 'We set out to validate the historical work at Las Minitas... the positive gold and silver received at this early stage are setting the stage for an aggressive exploration campaign in the coming weeks.'"

Tara Gold holds a strong positive opinion of the Las Minitas project and will seek to quickly build on the positive results received to date.

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, 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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