SOURCE: Tara Minerals Corp.

Tara Minerals Corp.

September 21, 2009 09:00 ET

Tara Minerals Subsidiary Adit Resources Appoints Robert Wheatley as President and CEO

CHICAGO, IL--(Marketwire - September 21, 2009) - Tara Minerals Corp. (OTCBB: TARM), a subsidiary of Tara Gold Resources Corp. (PINKSHEETS: TRGD) (FRANKFURT: T8N), is pleased to announce that Robert Wheatley has been appointed as President, Chief Executive Officer, and Director of Adit Resources Corp. Robert is a geological engineer with over 35 years of diversified mineral exploration, business development, and mine development experience in twenty-one countries working primarily with gold, silver, copper, and molybdenum. Most recently, Robert was the Director of Exploration, for North and Central America, with Yamana Gold Inc.

Adit Resources Corp., a Tara Minerals 100% owned US subsidiary, has the right to acquire a 100% interest in Picacho. The Picacho property is located on a 3,236 hectare mining concession within the Northern Sierra Madre Gold Belt, 120 kilometers south of the U.S. border, in Sonora, Mexico. Picacho is in close proximity to Yamana Gold Inc.'s Mercedes project which has an announced resource of over 600,000 gold ounces and is now in mine development.

Mr. Francis Biscan Jr., President of Tara Minerals Corp., stated, "Robert brings extensive international exploration and development oversight to Adit as we move towards exploration and production at Picacho and future projects. His accomplishments, including his recent successful management of exploration in Mexico, have earned him much deserved recognition. His participation will serve to substantiate and advance our projects proficiently."

Robert Wheatley commented, "I am excited to join Adit Resources, which controls one of the most promising gold properties in Mexico. The Picacho property has the potential to be a significant low-cost producer of gold from underground mining with minimal surface disturbance. I look forward to building shareholder value by aggressively advancing this and other projects with a team of top-notch professionals."

Robert Wheatley is currently a consultant and President of Prowling Puma, LLC. He spent the last 28 years with Yamana Gold Inc. and its predecessors -- Meridian Gold Company, FMC Gold Company and FMC Corporation -- in a variety of project, exploration, and business development management positions. Most recently, he was the Director of Exploration for North and Central America. He was responsible for the planning and execution of the initial underground exploration at El Peñon, Chile, which has now produced over 2.5 million gold ounces. Robert also started the Mexico exploration program that resulted in the acquisition of the Mercedes, Sonora property which has an announced resource of over 600,000 gold ounces and is now in mine development. Prior to FMC, he also worked for Homestake Mining Co., UV Industries, and Superior Oil Co.

About Tara Minerals Corp.

Tara Minerals is fully funded and focused on generating revenue in 2009 from a Lead, Zinc, and Silver mine on its Don Roman and Lourdes project, 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.

About Adit Resources Corp.

Adit Resources Corp. is a growth-oriented precious metals exploration and development company. It is management's objective to become a significant precious metals producer by exploring, developing, and re-initiating production at the Picacho project in Mexico. We will also continue to acquire other exploration and/or advanced-stage projects in North America.

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

  • Website: www.TaraMinerals.com
    Francis Biscan Jr.
    Phone: (630) 462-2079

    Investor Relations
    Michelle
    Phone: (630) 752-4447