Tara Gold Resources Corp TRGD

Tara buys near production gold mine

[Idiggold]

Tara Gold Acquires Near-Production Gold Mine and Plant Thursday April 6, 9:00 am ET CHICAGO, IL--(MARKET WIRE)--Apr 6, 2006 -- (Other OTC:TRGD.PK - News) Tara Gold Resources Corp. is pleased to announce that an initial payment of US$62,500 has been made to acquire 100% interest in 4 concessions known as the Lluvia De Oro Gold Property, totaling approximately 589 Hectares. The property is located in the state of Sonora, in northern Mexico. Lluvia de Oro was designed as a large tonnage, low-grade gold operation. The property currently includes one open pit, two heap leach pads and a gold recovery plant. Further payments totalling U.S. 3,937,500 over 4 years are required to complete the purchase. ADVERTISEMENT Under Great Lakes Minerals Inc. the facility entered into production in May 1996, and was later operated by Santa Cruz Gold Inc. ("Santa Cruz") and finally by Compania Lluvia de Oro S.A. de C.V. The mine had an anticipated average production rate of 25,000 ounces per/year from an initial reserve of 4.6 million tonnes grading 0.82g Au/t or 121,000 ounces. Exploration drilling delineated an additional higher-grade resource of approximately 4.5 million tonnes grading 0.95g Au/t along the same structure. Tara Gold is developing a plan to enhance current knowledge through a technical review and is reviewing options for re-initiating mining and production. Mr. Francis Biscan Jr., President of Tara Gold Resources, stated, "Tara is currently focused on acquiring additional near-production properties, increasing cash flow and aggressively expanding existing gold and silver resources. Lluvia de Oro meets all these criteria. We are going to work aggressively towards bringing the Lluvia plant back to production status and expanding the existing resource through exploration. We are considering several options to meet this goal, including partnerships." About Tara Gold Resources Corp. Tara Gold Resources Corp. is a precious metals exploration and development company with existing production. It is management's objective to become a significant gold and precious metals producer by increasing our current production at La Currita and developing the San Miguel, La Millionaria, Las Minitas, and Lluvia de Oro projects in Mexico, and by acquiring 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: www.taragoldresources.com 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. Cautionary Note: The tonnages, grades, assays, drill intercepts, production figures and other technical data are taken from historical records prior to the implementation of NI 43-101. While the data is believed to have been acquired, processed and disclosed by persons believed to be technically competent, it is unverifiable at present. The data source for the Lluvia de Oro is largely the 1997 Annual Report of Santa Cruz Gold Inc. Contact: Contact: Tara Gold Resources Corp. Website: https://www.taragoldresources.com E-mail: [e-mail] Corporate Office: 630-462-2079 Investor Relations: 503-465-1983