CHICAGO, IL--(MARKET WIRE)--May 9, 2008 -- Tara Gold Resources Corp. (Other OTC:TRGD.PK - News) (Frankfurt:T8N.F - News) is pleased to announce the acquisition of a new mining concession at its San Miguel project in Mexico. Elyca hosts the on-strike extension of 'Clavo 99' and fills in the gap between San Miguel and the Empalme concessions providing approximately 2,000 meters of continuous concession strike potential.

Recent press releases (drill table below) described the high-grade intercepts at 'Clavo 99' in the northwestern portion of the San Miguel project. The strongly mineralized vein continues to the northwest onto Elyca, which is expected to contain extensions of the mineralization described in those press releases. The current drilling at the strongly mineralized San Miguel vein and 'Clavo 99' will be extended onto the Elyca concession and through to Empalme.

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. Under the Joint Venture Agreement, Tara Gold has the option to retain either a 30% participating interest or a 10% carried interest on any new concessions within a two kilometer perimeter of the San Miguel Groupings. It has not yet made this decision regarding Elyca.

Please visit http://www.TaraGoldResources.com to view a map of the Elyca concession. Adjacent to Elyca are the following highlights of assay results from the San Miguel Vein:

 
     Hole #    True Width    Au      Ag      Au Eq.*
                   (m)      (g/t)   (g/t)     (g/t)
     ------    ----------   -----   -----    -------
     SM-01        9.00       2.99    149       5.97
     SM-02       11.15       0.47    220       4.87
     SM-13        4.82       1.22     78       2.78
     SM-24       10.39       3.52     60       4.72

     *Ag:Au ratio equals 50

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.

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.

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