SOURCE: Tara Minerals Corp.

Tara Minerals Corp.

January 15, 2010 09:15 ET

Tara Minerals Provides Corporate Update

CHICAGO, IL--(Marketwire - January 15, 2010) - Tara Minerals Corp. (OTCBB: TARM) (BERLIN: 6T3), a subsidiary of Tara Gold Resources Corp. (PINKSHEETS: TRGD) (FRANKFURT: T8N), is pleased to provide the following corporate update as it nears a key corporate milestone -- cash flow from Silver, Zinc, and Lead production.

Tara Minerals Corp. has positioned itself to generate cash from the sale of Silver, Zinc, and Lead concentrate from its producing 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. Specific project updates are provided below.

Don Roman and Lourdes -- Mine and Mill

Tara Minerals is currently producing silver, zinc, and lead concentrate from its 100% owned Don Roman project. Past and current results indicate average grades of 309 grams per tonne silver, 9% zinc, and 3% lead. The mill is operating at 240 tonnes per day and this is expected to increase to 480 tonnes per day by Q2 2010. Concentrate revenue per tonne, after operating costs, is estimated at $200+ per tonne. Tara has secured a long-term sales agreement with Glencore International for the purchase of its lead/silver and zinc concentrate.

San Felipe -- New Gold and Silver Discovery

A significant gold and silver quartz vein has been discovered 1.5 kms southeast of the Don Roman mine and mill. Recent channel samples returned an average grade of 10.06 grams per tonne gold and 149.85 grams per tonne silver. The structure has a known strike length of approximately 850 meters and an exposed vertical height of approximately 400 meters. The vein remains open both along strike and at depth. Mine development, from 3 levels, has already begun with approximately 550 tonnes mined. An underground drill program is planned.

Adit Resources Corp. -- Picacho Gold and Silver Property

Tara Minerals owns 90% of Adit Resources Corp., a private subsidiary with the right to acquire a 100% interest in Picacho. Targets at Picacho consist of four multi-stage gold and silver bearing veins and breccias totaling over 8 1/2 kilometers. Drilling along a 12 meters thick, 150 meters wide ore-shoot, intercepted 11.28 meters grading 15.57 grams per tonne gold and 32.4 grams per tonne silver. Adit has raised $1.2 million to date to aggressively advance this property. A drill program is planned for Q2 2010.

Other Don Roman Structures

A series of parallel mineralized structures, traced for more than 300 meters, have been identified south of the Don Roman silver, zinc, and lead mine. Surface samples returned 15% zinc, 25.2% lead, and 44 grams per tonne to 1,111 grames per tonne silver. Additional mapping and sampling is planned.


Centenario is comprised of eight concessions totaling 5,400 hectares. It is adjacent to Don Roman and contains two gold/copper systems (17 g/t gold, 7% copper and 350 g/t silver), two lead/zinc/silver systems (8% lead, 9% zinc and 400 g/t silver), and indications of an iron ore system (67% iron ore, 6 g/t gold and 4% copper). Additional mapping and sampling is planned.

Mr. Francis Biscan Jr., President of Tara Minerals Corp., stated, "Tara Minerals has outperformed in a tough environment. We completed the Don Roman mine and mill without incurring obligatory debt, improved corporate and shareholder liquidity, and strengthened the portfolio with the addition of Centenario and Picacho (under Adit). The company is now positioned with a strong foundation of solid cash flow and earnings growth."

About Tara Minerals Corp.

Tara Minerals is focused on generating revenue from the Don Roman and Lourdes gold, silver, zinc, and lead mine and mill located in Choix, Mexico. Tara Minerals Corp. is a US-based growth-orientated resource company engaged in the search, acquisition, exploration and development of high-quality non-precious & precious metals and minerals projects with potential for economic commercial value.

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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