• Fully financed by partner.
• Expect 25,000-30,000 ozs/yr Gold.
• Expanding resource.

The Lluvia de Oro property is a former-producing, advanced-stage, gold project located 13 km northwest of Magdalena de Kino, Sonora Mexico. Assets of the Lluvia de Oro property include a complete recovery plant with three solution ponds, two 700 gal/min (2,650 l/min) carbon column sets, carbon stripping equipment, carbon regeneration unit, doré furnace and field office facilities are in-place at the mine. In addition, there is a double-lined leach pad with 2,921,000 tonnes placed on the pad by previous operators, and a drill hole database of 260 drill holes, which partially defined two zones of gold-silver-copper mineralization.

Tara Gold Resources signed an agreement with NWM Mining Corporation (formerly Columbia Metals Corporation), whereby NWM Mining can acquire 100% interest, subject to a 20% Net Cash Flow interest, by making payments totaling of $4,337,500, and issuing 1,000,000 shares to Tara Gold.

The NI 43-101 technical compliant report for the Lluvia de Oro gold mine confirms a substantial in-situ gold-silver-copper resource with excellent potential for increasing the mineral resources. The analysis confirms the measured and indicated resource as 70,060 ounces of gold, the inferred resource as 197,060 ounces of gold, and a resource analysis of the existing leach pad indicates that 30,100 ounces of gold remain on the pad.

NWM Mining has also indicated that their project financing arrangements for start-up of the Lluvia mine, based on the existing resources, are well advanced. Additionally, plant clean-up and refurbishment has been completed and a small amount of doré derived from the plant clean-up (53.319 ounces) was shipped to Johnson Matthey Inc. in Salt Lake City, Utah for storage and eventual refining.

NWM Mining has also reached an agreement in principle with BioteQ whereby BioteQ will build, own and operate a copper recovery and cyanide regeneration plant to remove and recover soluble copper from the gold-silver-copper Lluvia leach pad solution. BioteQ will recover its capital costs plus an appropriate interest through a metals revenue sharing agreement.

In addition, D.E.N.M. (Engineering) Ltd. has indicated to NWM Mining that their feasibility study concerning start-up capital and operating costs respecting re-leaching of the existing pad and the upper zone material is nearing completion and should be available soon.

The data support recommendations to consider near-term production scenarios for a crush and re-leach plan regarding the northeast end of the leach pad, continued exploration and definition of resources for the in-situ mineralization defined for the Upper Zone mineralized envelope, and for additional exploration of the potentially larger and higher-grade Lower Zone mineralization. The recovery plant at Lluvia de Oro is in good condition, and additional improvements and rehabilitation are warranted. Production is expected to resume during 2009.