SOURCE: Tara Minerals Corp.

Tara Minerals Corp.

January 19, 2011 09:00 ET

Tara Minerals and Tara Gold Appoint New Chief Financial Officer

CHICAGO, IL--(Marketwire - January 19, 2011) - Tara Minerals Corp. (OTCBB: TARM) (BERLIN: 6T3) and Tara Gold Resources Corp. (PINKSHEETS: TRGD) (FRANKFURT: T8N) are pleased to announce the appointment of Ms. Lynda R. Keeton-Cardno, CPA, as the new Chief Financial Officer ("CFO") of the companies, effective immediately. Ms. Keeton-Cardno has also been appointed as the CFO for Adit Resources Corp., a subsidiary of Tara Minerals.

Lynda is the founder of Lynda R. Keeton CPA, LLC, a firm that provides tax management, accounting and audit services. Lynda has a deep working knowledge of Tara Gold and Tara Minerals as she has been providing accounting services to the companies since 2007. She has been instrumental in establishing the external financial reporting practices, a valuable resource on generally accepted accounting policies, and created all financial related regulatory filings.

Ms. Keeton-Cardno is a licensed certified public accountant in Nevada, a member of the American Institute of Certified Public Accountants, a graduate of Arizona State University's School of Business and Honor College, and has held the Certified Information Systems Auditor designation.

Mr. David Bizzaro, the outgoing CFO, successfully accomplished his mandate to bring Tara Gold's financial reporting into regulatory compliance and enhance overall financial reporting standards. We like to thank Mr. Bizzaro for his services and look forward to working with him in the future, on an as needed basis, as a consultant.

"Lynda has earned the challenge of added responsibilities. She has already been working with our Mexican subsidiaries, our auditors and understands the financial structure of all our projects. Her leadership and experience will ensure that high standards are maintained for our financial reporting, providing a strong foundation for our growth," said Mr. Francis Biscan Jr., President of Tara Minerals and Tara Gold.

Since 2004, Ms. Keeton-Cardno has provided audit and consulting services to public companies through Lynda R. Keeton CPA, LLC, a PCAOB registered firm that works with both not-for-profit and for-profit companies to ensure internal controls and financial reporting. Prior to this, Ms. Keeton-Cardno worked in the Audit and Advisory group and the Technology Risk Consulting group for Arthur Andersen LLP.

About Tara Minerals Corp. (http://www.TaraMinerals.com)

Tara Minerals Corp. is progressing towards cash flow from the sale of Silver, Zinc, and Lead concentrate from its Don Roman mine and mill, located in Choix, Mexico. Management is focused on creating long-term shareholder value as this capital is deployed to increase throughput, enhance resources, further outline new discoveries/targets, and acquire additional strategic assets. Tara's strength in recognizing value early and strategy of reducing risk through a foundation of cash flow, positions it for low-risk value creation. 

About Tara Gold Resources Corp. (http://www.TaraGoldResources.com)

Since its inception, Tara Gold has been focused on assembling a pipeline of high-quality precious and non-precious metals projects with potential for economic commercial value. To date, it has added value and profitably sold the San Miguel silver/gold project, and the Lluvia de Oro gold/silver/copper project. Tara Gold also continues to hold several prospective projects, including a past gold/silver producer.

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.

Contact Information

  • IR Contact:
    David Barefoot
    US
    (888) 901-4550