Contact Information: Website: www.TaraMinerals.com Francis Biscan Jr. Phone: (630) 462-2079 Investor Relations Michelle Phone: (630) 752-4447
Tara Minerals Subsidiary Adit Resources Appoints Robert Wheatley as President and CEO
| Source: Tara Minerals Corp.
CHICAGO, IL--(Marketwire - September 21, 2009) - Tara Minerals Corp. (OTCBB : TARM ), a subsidiary
of Tara Gold Resources Corp. (PINKSHEETS : TRGD ) (FRANKFURT : T8N ), is
pleased to announce that Robert Wheatley has been appointed as President,
Chief Executive Officer, and Director of Adit Resources Corp. Robert is a
geological engineer with over 35 years of diversified mineral exploration,
business development, and mine development experience in twenty-one
countries working primarily with gold, silver, copper, and molybdenum. Most
recently, Robert was the Director of Exploration, for North and Central
America, with Yamana Gold Inc.
Adit Resources Corp., a Tara Minerals 100% owned US subsidiary, has the
right to acquire a 100% interest in Picacho. 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. Picacho is in close proximity to Yamana Gold Inc.'s Mercedes
project which has an announced resource of over 600,000 gold ounces and is
now in mine development.
Mr. Francis Biscan Jr., President of Tara Minerals Corp., stated, "Robert
brings extensive international exploration and development oversight to
Adit as we move towards exploration and production at Picacho and future
projects. His accomplishments, including his recent successful management
of exploration in Mexico, have earned him much deserved recognition. His
participation will serve to substantiate and advance our projects
proficiently."
Robert Wheatley commented, "I am excited to join Adit Resources, which
controls one of the most promising gold properties in Mexico. The Picacho
property has the potential to be a significant low-cost producer of gold
from underground mining with minimal surface disturbance. I look forward to
building shareholder value by aggressively advancing this and other
projects with a team of top-notch professionals."
Robert Wheatley is currently a consultant and President of Prowling Puma,
LLC. He spent the last 28 years with Yamana Gold Inc. and its predecessors
-- Meridian Gold Company, FMC Gold Company and FMC Corporation -- in a
variety of project, exploration, and business development management
positions. Most recently, he was the Director of Exploration for North and
Central America. He was responsible for the planning and execution of the
initial underground exploration at El Peñon, Chile, which has now produced
over 2.5 million gold ounces. Robert also started the Mexico exploration
program that resulted in the acquisition of the Mercedes, Sonora property
which has an announced resource of over 600,000 gold ounces and is now in
mine development. Prior to FMC, he also worked for Homestake Mining Co., UV
Industries, and Superior Oil Co.
About Tara Minerals Corp.
Tara Minerals is fully funded and focused on generating revenue in 2009
from a 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.
About Adit Resources Corp.
Adit Resources Corp. is a growth-oriented precious metals exploration and
development company. It is management's objective to become a significant
precious metals producer by exploring, developing, and re-initiating
production at the Picacho project in Mexico. We will also continue to
acquire other exploration and/or advanced-stage projects in North America.
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.