Tara Minerals Acquires Gold/Silver Property


CHICAGO, IL--(Marketwire - July 17, 2009) - Tara Minerals Corp. (OTCBB: TARM), a subsidiary of Tara Gold Resources Corp. (PINKSHEETS: TRGD) (FRANKFURT: T8N), is pleased to announce that the company has acquired, through a newly formed subsidiary, eight mining claims known as the Picacho prospect. The Picacho property is located on a 3,236 hectare mining concession within the Northern Sierra Madre Gold Belt, 120 kilometers south of the U.S. border, in Sonora, Mexico.

Tara Minerals has formed a 100% owned US subsidiary named Adit Resources Corp. Adit's Mexican subsidiary has the right to acquire a 100% interest in Picacho by making payments totaling $4,800,000, plus value-added tax of $720,000. An initial payment of $575,000 has been made. The remainder of the purchase price is payable in varying installments with a final payment of $3,507,500 due in 2012.

Tara Gold Resources Corp., which owns approximately 80% of Tara Minerals' common stock, had previously conducted sampling of old workings and the property has seen numerous core holes drilled on an 800 meter segment of the two km long Picacho vein. Four "ore-shoots," spaced about 150 meters apart along strike, have been defined. Geologic inference and geophysical interpretation suggests that mineralization may continue along strike. Drilling along the Don Julian ore-shoot, which is estimated to be 12 meters thick, at least 150 meters wide along strike, and open to the northwest and downward, intercepted 11.28 meters grading 15.57 g/t Au and 32.4 g/t Ag. Adit is assessing options to aggressively advance this property.

Mr. Francis Biscan Jr., President of Tara Minerals Corp., stated, "With results from several encouraging holes and its vicinity to other near production projects, Picacho presents us with exceptional blue sky potential."

About Tara Minerals Corp.

Tara Minerals is fully funded and focused on generating revenue in 2009 from a 300 t/day Lead, Zinc, and Silver mine on its Don Roman and Lourdes project, located in Choix, Mexico. Tara Minerals Corp. is a US-based growth-orientated resource company engaged in the search, acquisition, exploration and development of high-quality non-precious & precious metals and minerals projects with potential for economic commercial value.

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 Information: Website: www.TaraMinerals.com Francis Biscan Jr. Phone: (630) 462-2079