CHICAGO, IL -- (MARKET WIRE) -- 06/01/09 -- 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.comFrancis Biscan Jr.
Phone: (630) 462-2079
E-mail: Email Contact