CHICAGO, IL -- (MARKET WIRE) -- 05/12/10 -- Tara Gold Resources Corp. (PINKSHEETS: TRGD) (FRANKFURT: T8N) is pleased to announce the appointment of Mr. David A. Bizzaro as the new Chief Financial Officer ("CFO") of the Company, effective immediately. Mr. Clifford A. Brown, the outgoing CFO, will now be employed as Controller of U.S. operations.

David is currently the Founder and Managing Partner of The IFC Group which provides outsourced international controllership services to middle market companies. Tara Gold contracted the IFC Group, on March 3, 2010, with a mandate to bring Tara Gold's financial reporting into regulatory compliance and enhance overall financial reporting standards with the objective of ensuring that the Company's audited financials will be filed on a timely basis. David has been personally leading this effort and expects the internal financials, for the periods up to and including December 31, 2009, to be handed over to the auditor by May 31, 2010.

On May 6, 2010 the Securities and Exchange Commission temporarily suspended the trading in the securities of a number of corporations, including Tara Gold, due to the failure of these corporations to file 10-K and 10-Q reports with the SEC. Tara Gold is working diligently on the process of preparing its delinquent 10-K and 10-Q reports and plans to file these reports with the SEC as soon as possible. As outlined above, Tara Gold had already initiated efforts to meet its financial reporting obligations and is determined to achieve full compliance in an expeditious manner.

"We are very pleased to welcome David to the Company. As our projects have matured, so has our need for improved financial systems, controls and oversight, and we believe David has already begun to make material contributions in this regard. We have been very focused on adding fundamental value and now we have the resources in place to meet our financial reporting obligations to our shareholders and regulatory authorities. We are very disappointed with the trading suspension, which came without warning at a time where the Company was taking decisive steps to qualify Tara Gold for trading on the OTC Bulletin Board. This process is expected to take a few months. We recognize and appreciate the support and trust our shareholders have put in us and we will continue to work towards enhancing shareholder value," said Mr. Francis Biscan Jr., President of Tara Gold Resources.

David has 20 years of hands on operational finance experience helping start-up and Fortune 500 companies drive profitable growth across international markets. A highly skilled international finance professional, David has led finance organizations in the U.S., Asia, Europe and Latin America at world-class multinational companies including NCR, Sprint/Global One, CIENA, AVAYA and ICT Group. As Founder and Managing Partner of The IFC Group, David and his team provide outsourced international controllership services to middle market companies expanding overseas. Previously, he served as Vice President of International Operations at High Street Partners, a global professional services firm where he headed up the firm's Advisory Service Practice and expanded HSP's footprint across Asia, Europe and Latin America. Prior to joining High Street Partners, David served as the Sr. Vice President of International Finance at ICT Group, a $500 million publicly traded leader in the outsourced call center and BPO space. Before that, David was based in Hong Kong as the Asia Pac CFO for CIENA Corporation. Earlier in his career he spent five years in Europe with NCR Corporation where he held key operational finance roles in Spain and the Netherlands. David also gained valuable Latin America experience with Sprint/Global One, where he served as Regional Controller for the Americas Division. Having lived and traveled extensively throughout Asia, Europe and Latin America, David is fluent in Spanish and French and has a working knowledge of Mandarin and Portuguese. A Certified Management Accountant (CMA), he holds a Masters of International Business Studies (MIBS) from the University of South Carolina and a B.A. in Economics and Spanish from Beloit College. David currently resides in the New York metropolitan area.

About Tara Gold Resources Corp.

Since its inception, Tara Gold has been focused on assembling a pipeline of high-quality precious and non-precious metals projects with potential for economic commercial value. To date, it has added value and profitably sold the San Miguel silver/gold project, the Lluvia de Oro gold/silver/copper project, the Don Roman gold/silver/zinc/lead project and the Centenario project. Tara Gold currently holds equity positions in La Camera Mining Inc. (a private mining company), NWM Mining Corporation (a public mining company going into production) and a majority position (40.9 million shares) in Tara Minerals Corp. (currently producing silver/zinc/lead and residual gold). Tara Gold also continues to hold several prospective projects, including a past gold/silver producer.

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.

Websites: http://www.TaraGoldResources.com
Francis Biscan Jr.
Phone: (630) 752-4447