SOURCE: Tara Gold Resources Corp.

May 07, 2008 11:30 ET

Updated Resource Estimate Initiated for the Tara Gold San Miguel Project

CHICAGO, IL--(Marketwire - May 7, 2008) - Tara Gold Resources Corp. (PINKSHEETS: TRGD) (FRANKFURT: T8N) is pleased to announce that A.C.A Howe International Limited, mining and geological consultants from Toronto, Canada, has been engaged to complete a National Instrument 43-101 compliant resource estimate of its San Miguel project in Mexico.

The estimate will include all project drill results to date including 'Clavo 99.' Over 170 holes have been drilled at the San Miguel project since the last resource estimate, first released in January 2007. The updated resource estimate is expected to be completed by mid 2008.

The San Miguel project is a joint venture between Tara Gold Resources Corp. (30%) and Paramount Gold Mining Corp. (70%). Paramount is the operator of the exploration program and provided this update.

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, Las Minitas and Curcurpe 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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