SOURCE: Tara Minerals Corp.

Tara Minerals Corp.

March 23, 2010 09:15 ET

Tara Minerals Subsidiary Adit Resources Completes Initial Private Offering

CHICAGO, IL--(Marketwire - March 23, 2010) -  Tara Minerals Corp. (OTCBB: TARM) (BERLIN: 6T3), a subsidiary of Tara Gold Resources Corp. (PINKSHEETS: TRGD) (FRANKFURT: T8N), is pleased to announce the completion of Adit's $1.5 million initial private equity financing. Adit Resources Corp. now has 22,150,400 shares outstanding with Tara Minerals Corp. owning 20,000,000 shares. The funds are being used to initiate exploration efforts at the Picacho project in Mexico.

Adit is also pleased to announce that Peter Mejstrick has been appointed Chief Geologist. Peter brings more than 30 years' experience in precious metal exploration and mining to Adit. Peter's primary responsibilities will be the identification and evaluation of acquisition opportunities and the on-site management of all phases of property exploration and development.

Peter previously has served as a senior geologist with Meridian Gold and Echo Bay Exploration on properties throughout the western US and Alaska, and for Royal Gold in Milos, Greece. Prior to that, he was President of Earthworks, Inc., a generative exploration group that acquired, advanced and leased properties in the northwestern US and was similarly employed as a generative geologist for Placer Dome and FMC Gold. Peter also is versed in permitting and environmental compliance issues with State and Federal agencies. He has a B.A. degree from Bowdoin College, an M.S. in geology from the University of Montana, and has completed post-graduate work at the University of British Columbia. 

Mr. Robert Wheatley, President of Adit Resources Corp., commented, "It is my great pleasure to welcome Peter to the Adit team. Peter's geological experience and technical abilities interface effectively with Adit's aggressive growth plans. Peter is accomplished at bringing a property from the initial exploration stages through the later development stages by applying all the necessary geologic disciplines and knowledge that this process requires." 

About Tara Minerals Corp. (OTCBB: TARM) (BERLIN: 6T3)

Tara Minerals Corp. is generating 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.

About Adit Resources Corp.

Adit Resources Corp. is a growth-oriented precious metals exploration and development company with an objective to become a significant precious metals producer by exploring, developing, and reinitiating production at the Picacho project in México and other North American exploration/advanced-stage projects.

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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