• Entered sale option with Coeur d’Alene Mines Corp.
• Cash payments and NSR royalty due from Coeur.

The La Currita project is located about 400 km southwest of the city of Chihuahua in the State of Chihuahua in northern Mexico. The project is situated on the western edge of the Sierra Madre Occidental in the Temoris mining district.

The La Currita Groupings includes 4 mines, a 150 ton/day operating floatation mill and stockpiled ore. The La Currita mine was in steady production from 1983 until 1998. A diamond drilling exploration program conducted in 1998 indicated grades of 2.59 g/t Au and 200 g/t Ag. Existing mines and mineralized structures hold potential to increase tonnage through systematic exploration. The area surrounding La Currita has numerous mines and recent substantial discoveries. Adjacent to the La Currita holdings, Palmarejo has announced an inferred resource of 3.1 million ounce gold equivalent on their property. In addition, about 20 miles to the SE is the 170,000 ounce/year Glamis Gold's El Sauzal gold mine and 40 miles to the North is Gammon Lake Resource's Ocampo Gold-Silver Project with a projected 270,000 gold-equivalent ounces/year.

The miners are able to work the faces of an approximately 14 meter wide vein, where they can produce an estimated 160 tonnes per day from two 4.5 meter wide by 3 meter high faces. The Mill has been upgraded and is ready for production re-start. 

On November 18, 2009, Tara Gold announced that it entered into an option agreement with Coeur d’Alene Mines Corporation that will allow Coeur to earn a 100% interest in the La Currita property adjacent to Coeur’s Palmarejo silver and gold project now in construction in the state of Chihuahua, Mexico.

Under terms of the agreement with Tara Gold, Coeur will make an initial payment to Tara Gold, and subsequent optional payments over the next two years totaling US $3.0 million to gain 100% interest in the La Currita property. Tara will retain a sliding scale net smelter return (NSR) royalty based on the market price of silver.

The La Currita property borders the southeast end of Coeur’s Guadalupe deposit in the south end of the Palmarejo District, where exploration drilling has been expanding and defining additional mineral resource. No exploration work has been conducted at La Currita since October 2007. A mineralized structure is exposed on surface for about 1 kilometer, with surface samples returning up to 0.146 ounces per ton gold (5 g/t) and 17.5 ounces per ton silver (600 g/t).