Tara Gold Raises $4.9 Million From Sale of Investment Holding

CHICAGO, IL, Jun 01 (MARKET WIRE) --
Tara Gold Resources Corp. (PINKSHEETS: TRGD) (FRANKFURT: T8N) announces
that it has monetized its Paramount Gold and Silver Corp. equity
holdings. A portion of the holdings were used to acquire 2,147,000 shares
of Tara Minerals Corp. common stock held by investors, a portion was used
to pay off existing loans, and the remainder was sold to investors.

On October 2, 2008, Tara Gold closed the sale of its remaining San Miguel
project interest to Paramount Gold and Silver Corp. for common shares of
Paramount. With this divestiture, Tara Gold no longer holds a majority
interest in Paramount.

With this sale, Tara Gold has strengthened its holdings in Tara Minerals
Corp., eliminated its long term debt, and has set aside $4.5 million for
working capital.

Mr. Francis Biscan Jr., President of Tara Gold Resources Corp., stated,
"Without diluting our shareholders, we now have a strong cash position
which will be used to advance our priority projects, including the
commencement of full scale mining and production start-up at Don Ramon."

About Tara Gold Resources Corp.

The principal business of Tara Gold Resources Corp. is the acquisition,
exploration and development of high-quality precious metals projects with
potential for economic commercial value. Tara provides investors growth
exposure with a diversified exploration portfolio, multiple multi-million
ounce targets and several near term production scenarios. Tara Gold is
currently focused on generating revenue from the Don Ramon and Lourdes
project owned 100% by the subsidiary Tara Minerals Corp. 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
Francis Biscan Jr.
Phone: (630) 462-2079
E-mail: Email Contact

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