CHICAGO, IL -- (MARKET WIRE) -- 05/11/07 -- Tara Gold Resources Corp. (PINKSHEETS: TRGD) (FRANKFURT: T8N) is pleased to announce that it has signed a Letter of Intent with Pershimco Resources Inc. whereby Pershimco has the option to acquire a 75% interest in the 7,275 hectares Las Minitas Silver-Gold Project in Sonora, Mexico.

Pershimco has the option to earn a 75% direct property interest by making cumulative payments of $1.8 million to Tara Gold, staged exploration work for a total of $5.2 million over 48 months, underlying properties payments of $3.4 million and issuing 750,000 shares to Tara Gold.

The National Instrument 43-101 Qualifying Property Report, delivered to Tara by Michael Sandidge, P. Geo., a qualified person, as defined under National Instrument 43-101, recommends that additional work should be undertaken to increase the level of knowledge of mineralization at Las Minitas. This report is available at http://www.TaraGoldResources.com.

Mr. Francis Biscan Jr., President of Tara Gold Resources, stated, "Our shareholders deserve to see exploration work carried out at Las Minitas as recommended in the NI 43-101 report. We are looking forward to working with a partner that has extensive experience in Mexico and a great technical team. All of our projects are now being systematically advanced with positive results being generated from each project. We look forward to adding Las Minitas to this list."

Cautionary Note

The tonnages, grades, assays, drill intercepts, production figures and other technical data, with the property report, are taken from historical records prior to the implementation of NI 43-101. While the data is believed to have been acquired, processed and disclosed by persons believed to be technically competent, it is unverifiable at present. The data source for the Las Minitas property is largely the 1995 Report by D.B. Peterson. Tara Gold is not treating the historical estimates as current mineral resources or mineral reserves as defined in NI 43-101 and the historical estimate should not be relied upon.

About Michael H. Sandidge, P.Geo.

Michael Sandidge is a qualified person, as defined under National Instrument 43-101. He has a Master's degree in Geological Sciences from the University of Texas at El Paso and has participated in seventeen professional publications and presentations before scientific societies focusing on tectonics, structural geology, metallogenesis, and paleontology. He also has extensive experience in Mexico and is familiar with historical and current work in the region. Michael does not have any relationship with Tara Gold or its affiliates.

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, Pilar De Mocoribo and Las Minitas projects in Mexico. We continue to acquire other advanced-stage projects and/or producing mines in one of the most prolific precious metals 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:
Tara Gold Resources Corp.
Website: www.TaraGoldResources.com
E-mail: president@taragoldresources.com

Investor Relations:
Summit Financial Partners, LLC
Anthony D. Altavilla
President
(317) 218-0204