CHICAGO, IL -- (MARKET WIRE) -- 06/03/08 -- Tara Gold Resources Corp. (PINKSHEETS: TRGD) (FRANKFURT: T8N) is pleased to announce assay results from drill holes SM-25 through SM-33 in the San Miguel target area in the northwest portion of the project. This series of first pass exploratory holes was drilled to the northwest of 'Clavo 99' on the Elyca and the Empalme concessions. Many of these holes intersected significant mineralization which will be followed up by additional drilling.

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 June 3, 2008. Tara Gold has a minimum 10% carried interest in Elyca and 30% participating interest in Empalme.

Drill holes SM-25, 26, 27 and 28 were step-out holes immediately to the northwest of 'Clavo 99' with highlights as follows:

          SM-25     0.91m @ 1.78 g/t Au, 9.0 g/t Ag, 1.96 g/t Au Eq.
          SM-27     0.82m @ 0.03 g/t Au, 241 g/t Ag, 4.85 g/t Au Eq.

Drill holes SM-29, 30 and 31 were drilled on the Empalme concession. SM-29 was drilled near old workings 750 meters northwest along strike from SM-27. SM-30 and 31 were drilled 600 meters northwest of SM-27. Most had grades worthy of follow-up exploration.

          SM-29     0.77m @ 0.09 g/t Au, 141 g/t Ag, 2.91 g/t Au Eq.
          SM-30     0.58m @ 2.49 g/t Au, 13.0 g/t Ag, 2.75 g/t Au Eq.

Drill holes SM-32 and 33 were drilled 200 meters northwest of the inferred boundary of 'Clavo 99' and deeper than the series SM-25 to SM-28. Intercepts were somewhat less narrow and grades were better than the shallower holes, suggesting that there may be further improvement with depth. Additional drilling will be done in this area.

          SM-32     0.90m @ 5.60 g/t Au, 15 g/t Ag, 5.90 g/t Au Eq.
          SM-33     1.64m @ 6.20 g/t Au, 47.5 g/t Ag, 7.13 g/t Au Eq.

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

 Hole    From     To   Interval  True    Gold   Silver  Gold     Gold
Number (Meters)(Meters)(Meters)  Width  (grams/(grams/ Equiv.    Equiv.
                                (Meters) ton)    ton) (Ag:Ag=50)(grams x
                                                       (grams/   meters)
                                                         ton)
SM-25  126.0    127.0    1.0      0.91   1.78     9      1.96      1.78

SM-26   19.0     30.7   11.7      8.96   0.08    36      0.80      7.15

SM-27   17.0     18.0    1.0      0.82   0.03   241      4.85      3.98
        30.0     31.7    1.7      1.39   0.31   140      3.11      4.32
       144.6    145.0    0.4      0.33   5.18    14      5.46      1.80

SM-28   68.8     88.5   19.7     16.13   0.68     5      0.78     12.57

SM-29   32.3     33.3    1.0      0.77   0.09   141      2.91      2.24
        68.5     71.4    2.9      2.22   1.79    12      2.03      4.51

SM-30   83.0     87.6    4.6      2.64   1.02     5      1.12      2.96
       105.0    106.0    1.0      0.57   2.49    13      2.75      1.57

SM-31               No     Major     Intercepts

SM-32   94.3     97.2    2.9      2.38   2.62    13      2.88      6.84
       159.0    160.0    1.0      0.82   2.17     5      2.27      1.86
       172.9    174.0    1.1      0.90   5.60    15      5.90      5.31

SM-33  136.0    138.0    2.0      1.64   0.08    97      2.02      3.31
       147.4    148.9    1.5      1.23   0.15   176      3.67      4.51
       159.2    166.5    7.3      5.98   2.17    29      2.74     16.38
incl.  164.5    166.5    2.0      1.64   6.20    48      7.13     11.69

Paramount has commented that, "This group of drill holes was designed to test areas of old workings along strike to the northwest on a first pass basis. We are excited that most holes cut interesting mineralization. Results from holes SM-32 and 33 suggest that further drilling may extend 'Clavo 99' toward them."

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