remains viable.
Tara Gold Advises That Allegations of Breach of the Las Minas Option Agreement Are Without Merit
Ticker Symbol: U:TRGD X:FRANKFURT:T8N
CHICAGO, IL -- (MARKET WIRE) -- 12/18/07
http://at.marketwire.com/accesstracking/AccessTrackingLogServlet?PrId=341267&ProfileId=051205&sourceType=1
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: http://www.TaraGoldResources.com.
