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Tara Gold Reports Gold Grades Increasing With Depth As Clavo 99 Is Expanded to 600 Meter Width at a Depth of 400 Meters at the San Miguel Project

August 12, 2008

Tara Gold Resources Corp. (PINKSHEETS: TRGD) (FRANKFURT: T8N) is pleased to announce assay results from six additional drill holes in the San Miguel Vein. Diamond drill holes SM-48 through SM-54 were drilled to intercept the vein below and to the northwest of the recently reported excellent intercepts in holes SM-45, 46 and 47, below the northwestern margin of Clavo 99. Intercepts below the surface ranged from 200 meters (SM-48 and 49) to 350 meters (SM-53) depth.

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 in their news release of August 12, 2008.

The operator reported that the most interesting aspect of this group of holes is that the grades of the principal intercepts are clearly increasing with depth. Holes SM-49 and 51 had modest intercepts while the deeper holes, SM-50 and 52, as well as SM-48, are of higher grade (refer to sectional diagram at http://TaraGoldResources.com for further understanding). Below those, SM-53 (and possibly SM-54 — assays pending) was very high grade, as shown in the table below. An additional hole is currently being drilled 50 meters above, and 50 meters to the southeast (up and to the right on the sectional diagram) of SM-54.

The pattern of the distribution of gold and silver grades in these holes indicates that in addition to the previously reported main Clavo 99 zone which trends downward to the southeast, there is also a high grade wing that trends downward to the northwest. SM-53 demonstrates that Clavo 99 is at least 600 meters wide along strike, at a depth of nearly 400 meters. It is open in both directions along strike and the gold grades are increasing with depth. This is best seen through the intercept in SM-53 which has a true thickness of 0.84 meters (2m downhole width) grading 19.98 g/t Au, 375 g/t Ag, or a AuEq of 27.48 g/t and a grade x thickness of 23.08. This recently discovered extension of Clavo 99 has the potential to add substantially to the San Miguel resource.

Paramount has commented that, “The earlier results from SM-32 and 33 suggested that grades were increasing with depth. Holes SM-48 through 53 demonstrated that this interpretation was correct. We are very excited by the high grade gold intercept in SM-53, and the potential for extending this high grade zone along strike and to greater depths.”

Highlights of these assay results are seen in the table below. Please visit http://www.TaraGoldResources.com for additional information.

                                           True                 Gold   Gold Hole                From     To  Interval Width  Gold  Silver Equiv. Equiv.                     ------ ------ ------ ------ ------ ------ ------ ------                                                                     (grams                                                  (grams(grams(grams  x Number            (Meters)(Meters)(Meters)(Meters)/ton) /ton) /ton) meters)                     ------ ------ ------ ------ ------ ------ ------ ------ SM-48               127.00 128.00   1.00   0.77   0.09 286.00   5.81   4.45                     ------ ------ ------ ------ ------ ------ ------ ------                     143.60 146.70   3.10   2.37   0.23  12.00   0.46   1.09                     ------ ------ ------ ------ ------ ------ ------ ------                     146.70 150.00   3.30   2.53   2.56  14.00   2.83   7.16                     ------ ------ ------ ------ ------ ------ ------ ------                     150.00 151.90   1.90   1.46   0.24   5.00   0.34   0.49                     ------ ------ ------ ------ ------ ------ ------ ------ SM-49               164.00 168.00   4.00   2.56   0.53  71.20   1.95   4.99                     ------ ------ ------ ------ ------ ------ ------ ------                     182.00 183.00   1.00   0.64   1.26  26.20   1.79   1.15                     ------ ------ ------ ------ ------ ------ ------ ------ SM-50               214.10 215.20   1.10   0.63   4.39  22.30   4.84   3.05                     ------ ------ ------ ------ ------ ------ ------ ------                     215.20 222.30   7.10   4.07   1.54  10.90   1.76   7.16                     ------ ------ ------ ------ ------ ------ ------ ------                     222.30 240.90  18.60  10.67   0.52  13.30   0.79   8.39                     ------ ------ ------ ------ ------ ------ ------ ------ SM-51               177.30 179.50   2.20   0.93   0.53  86.30   2.26   2.10                     ------ ------ ------ ------ ------ ------ ------ ------                     195.00 196.00   1.00   0.42   3.12  12.90   3.38   1.42                     ------ ------ ------ ------ ------ ------ ------ ------ SM-52               199.80 202.00   2.20   1.03   4.88 165.00   8.17   8.43                     ------ ------ ------ ------ ------ ------ ------ ------                     204.50 212.00   7.50   3.52   0.36   8.30   0.52   1.83                     ------ ------ ------ ------ ------ ------ ------ ------                     219.10 224.00   4.90   2.30   0.97  16.00   1.29   2.97                     ------ ------ ------ ------ ------ ------ ------ ------ SM-53               238.00 240.00   2.00   0.85   3.62   7.35   3.77   3.20                     ------ ------ ------ ------ ------ ------ ------ ------                     246.00 247.00   1.00   0.42   1.13   1.00   1.15   0.48                     ------ ------ ------ ------ ------ ------ ------ ------                     250.00 251.00   1.00   0.42   1.85   6.80   1.99   0.84                     ------ ------ ------ ------ ------ ------ ------ ------                     265.00 267.00   2.00   0.84  19.98 375.00  27.48  23.08                     ====== ====== ====== ====== ====== ====== ====== ====== 

Quality Control

Paramount takes detailed digital photos of the entire core before it is cut by saw to half core which is assayed at ALS Chemex’s Vancouver laboratory. As part of quality assurance, quality control (QA/QC), Paramount has put into place a detailed program of periodically introducing certified standards, blanks and duplicates into the sample stream. Half-core samples are being retained on site for verification and reference purposes.

About Tara Gold Resources Corp.

The principal business of Tara Gold Resources Corp. is the acquisition, exploration and development of high-quality precious metals projects with potential for economic commercial value. Tara provides investors growth exposure with a diversified exploration portfolio, multiple multi-million ounce targets and several near term production scenarios. Tara Gold is currently focused on the advancement of the significant silver discovery at San Miguel (30% interest) and generating revenue from the Don Ramon and Lourdes project owned 100% by the subsidiary Tara Minerals Corp. Tara Gold is also positioned to benefit from production start-up at Lluvia de Oro and La Currita, the material exploration and production potential of Picacho, and from the future advancement of La Millionaria, Las Minitas and the Curcurpe projects in Mexico. 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.

 Contact: Website: www.TaraGoldResources.com Investors Relations: Warren Drew Phone: 406-844-0322 E-mail: jwjflies@centurytel.net

SOURCE: Tara Gold Resources Corp.




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