CHICAGO, IL — (MARKET WIRE) — 12/18/07 — Tara Gold Resources Corp. (PINKSHEETS: TRGD) (FRANKFURT: T8N) has reviewed the allegations made by Pershimco Resources Inc. in its news release of December 12, 2007. The allegations are without merit and Tara Gold vehemently denies them. Furthermore, Pershimco had access to the authors of the reports that had been written on the Las Minitas property during their due diligence period and Tara had no information other than that provided to Pershimco. Furthermore, Tara Gold has always cautioned that historical results should not be relied upon.
Tara Gold believes that Pershimco and Minero Metallurgical San Miguel, S. de R.L. de C.V. are in breach of the option agreement and Tara Gold will vigorously defend its rights under the option agreement. Tara Gold has retained Fasken Martineau DuMoulin LLP, which is a leading global mining law firm, to represent them in this matter. Tara Gold will update the market as circumstances warrant.
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, 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 metal districts in the world. For more information, please visit the Company’s web site at: .
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.