The Gold Company with a Silver Lining

1. The Gold Company with a Silver Lining

2. H I G H L I G H T S • Six projects of merit • Cash flow positive • Tara sharing financial risk with partners • 3 mines developed by 2007, paid for by partners • Partners spending $16 million on exploration • Partners paying $18 million in acquisition costs • Own equity positions in operating partners • Substantial exploration campaign underway • Undervalued vs. partners and industry • Diversifying into other minerals

3. Tara’s vision is to build a mid-tier mining company by acquiring and developing quality projects, with a single overriding objective: to create value for shareholders. We are positioned to realize value from a pipeline of production and exploration projects, an aggressive acquisition strategy and dedicated management. the gold company with a silver lining

4. Cautionary Statement This document contains certain "forward-looking statements", including, but not limited to, statements concerning current and future drilling programs and results, drill indicated resources, continuing development plans, the type of mineralization present and expected results. Information inferred from the interpretation of this information may be deemed to be forward looking statement, as it constitutes a prediction of what might be found to be present when and if a project is actually developed. Statements and estimates concerning mineral and drilled resources may also be deemed to be forward looking statements in that they involve estimates, based on certain assumptions, regarding the mineralization that would be encountered if and when a mineral deposit is actually developed and mined. Forward looking statements are not historical facts, and are subject to a number of risks and uncertainties beyond management’s control. There can be no assurance that such statements will prove to be accurate. Actual results and future events could differ materially from those anticipated in such statements. Risks and uncertainties that could cause results or future events to differ materially from current expectations expressed or implied by the forward-looking statements include, among other things, but without limitation, those set forth in Tara Gold Resources filings.

5. Tara Gold Resources Corp. • US based, publicly-traded in US and Frankfurt, growth-orientated metals and minerals development and exploration company. • Tara is currently focused on acquiring and developing properties in the prolific gold-silver belt of the Sierra Madre Occidental in the states of Chihuahua, Sonora, and Sinaloa, Mexico. • 3 mines under development, 4 exploration stage properties and acquisitions under discussion.

6. Strategy – Past and Future • Early 2005 – Build and Leverage Relationships. • Management focused on early acquisition of near-production projects in anticipation of a rise in price of gold and silver. • 2005-2006 – Prioritize and Establish Development Scenarios. • Increased tempo of acquisitions and partnerships with rise in prices. • Prioritize projects with focus on production and cash flow. • Joint venture with partners to share financial risk. • Beyond 2006 – Enhance Value by Monetizing Assets. • Establish organic and accretive cash flow growth. • List on senior exchange towards full valuation and enhanced exposure.

7. Objectives • Create a resource equity worthy of market premiums. • Leverage value from people, assets and synergies. • Accumulate critical mass of world-class exploration, expansion and production projects. • Manage acquisition costs/share and growth in resources/share. • Increase shareholder value by aggressively growing cash flow, expanding resources, and drilling new discoveries. • Increase mining industry and financial community exposure. • Gain senior US listing and tell our story to analysts.

8. Early Exploration Bringing Back to Production Current Production Expand Production Early Exploration A plan for success Las Minitas Lluvia de Oro La Currita San Miguel Picacho Mine 102 mil oz Silver indicated from past drilling. 200 thousand oz Gold with mine, plant and pad. Expanding mill to 7,500 tons per month in 2007. Facility being aggressively expanded. Drill results - mineralization for 600 meters. Results - Project Pipeline

9. Production Projects • Picacho Gold Mine • Processing facility currently capable of 250 tonnes/per day. • Partner spending $3 million to expand production. • Tara retains 35% net cash flow with no additional cash requirements. • Lluvia de Oro Gold Mine • Open pit, two heap leach pads and processing plant being upgraded. • Partner spending $3 million to upgrade equipment and start-up. • Tara retains 20% net cash flow with no additional cash requirements. • La Currita Gold Mine • Processing plant and mine tailings on site. • Partner spending $3.5 million to upgrade equipment and start-up. • Tara retains 40% net cash flow with no additional cash requirements.

10. Project Investments

11. Why Mexico? • Mexico is a very mining friendly jurisdiction. • In 2004, Mexico attracted US$154 MM in exploration investment, trailing only Peru with US$196 MM, according to the UN Economic Commission for Latin America and the Caribbean. • Mexico has geographic proximity to the US, is rich in resources with 80% of the territory under-explored and is giving greater legal guarantees to foreign investors.

12. Regional Play - Temoris • Palmarejo - Developing the nearby Palmarejo mine and has acquired all the ground surrounding San Miguel. The Palmarejo mine that has an inferred resource of 3.1 mil oz gold equivalent. Palmarejo's property around San Miguel is currently in an early exploration phase. Palmarejo has had great results from their drilling right next to the border of Tara’s La Estrella and La Currita properties. • Glamis Gold - About 20 miles to the SE of Tara, Glamis owns the El Sauzal mine. The mine produced approximately 170,000 ozs of gold in 2005 with annual production projected to average 190,000 ozs of gold at an estimated total cash cost of $110/oz. • Gammon Lake Resource – The Ocampo Gold-Silver Project is approx. 40 miles to the North of Tara. A positive feasibility study was completed in November 2004 indicating annual production to average 270,000 ozs gold-equivalent over the first 7 years of mining, at a cash cost of US $151.74/gold-equivalent oz.

13. Picacho – Engineering • Mining and processing to be expanded. • Processing facility currently capable of 250 tonnes/per day. • 6 meter wide vein structure extending over 1km in length. • Grades averaged 5 g/t gold and 15 g/t silver. • Partner has incentives for quick expansion within agreement. • New zone discovered in recent workings, representing a near surface gold target related to the same structure 2 km's away. • Lateegra has an option to earn up to 70%. • Lateegra to spend $2 million on plant upgrade and $1 million on exploration. • Lateegra to pay remaining $7 million acquisition costs.

14. Lluvia de Oro – Engineering • Designed as a large tonnage, low-grade gold operation. • Includes 1 open pit, 2 heap leach pads and a gold recovery plant. • Historical results indicate 200,000+ ozs of gold. • 4.6 million tonnes grading 0.82g Au/t. • 4.5 million tonnes grading 0.95g Au/t. • Columbia metals has an option to earn 100%. • Tara retains 20% of net cash flow from production. • Columbia to pay remaining acquisition costs ($4,000,000). • Columbia currently assessing all equipment needs for production. • Can buy remaining 20% interest for $5,000,000 within 24 months.

15. La Currita – Expanding Mill • Currently producing but requires capital investment. • Includes 4 mines, a 150 ton/day operating floatation mill and stockpiled ore. • Opportunity exists to increase processing capacity and re-start several mines. • A diamond drilling exploration program conducted in 1998 indicated 109,000 tons of 2.59 g/t Au and 200 g/t Ag. • Raven Gold Corp. has an option to earn 60% interest. • Raven to invest $3.5 million on a capital improvement program to increase production capacity and revenue generated. • Additional feed - La Millonaria Concessions have 29,698 tonnes of readily available material grading 9.7 grams of gold and 23 grams of silver per tonne. • Additional feed - Estrella Concession has 3,335 tonnes of easily accessible ore grading 8.06 grams of gold and 715 grams of silver per tonne.

16. San Miguel – Drilling • Drill program underway to confirm historical results • Multiple high-grade intercepts, including 874 g/t silver over 5.2 m and 553 g/t silver over 6.5 m. • Outlined a 450 m long by 200 m wide zone, within 2 of 16 properties. • Sampling indicates a 4,000 m continuous mineralization zone. • There is excellent potential to upgrade and expand. • Positive channel sampling from 7 additional concessions. • All concessions have old mine workings. • Paramount Gold has option to earn 70% interest. • Must pay estimated $535,000 (75%) of all property acquisition costs. • Must spend $2.5 mill over 30 months and pay Tara 700,000 shares.

17. Las Minitas – Technical Rep. • 43-101 Property Report recently completed. • Three wide, high-grade, lode-type mineralized bodies with postulated strike lengths of 400, 500, and 700 meters. • Historical results from 36 reverse circulation drills, indicates 102 million ounces of silver and 120,000 ounces of gold. • Testing indicates recoveries of 90% for both silver and gold. • Raven Gold Corp. has option to acquire 55% interest. • Raven to spend U.S. $4,000,000 in exploration and make all remaining underlying property payments ($6,000,000) • Geological mapping, geochemical surveys, surface sampling, and in-fill drilling under consideration to validate historical results.

18. La Millonaria - Exploration • Seven-year option to purchase a 60% interest. • Includes 4 concessions with formerly-producing gold mines. • Contains 29,698 tonnes of readily available material grading 9.7 grams of gold and 23 grams of silver per tonne. • Potential to generate short-term cash flow. • Chip/channel samples confirmed higher gold grades at mine • 9.41 grams of gold and 26 grams of silver over 7 metres. • 3.62 grams of gold and 21 grams of silver over 12 metres. ** Negotiating buyout to acquire 100% of project **

19. Other Advance Projects • La Estrella – Supplier of high grade ore to La Currita Mill. • Mineralized veins vary between 0.15 and 1.8 m and averages 0.53 m in width over known strike length of 175 m underground. • The average grade of the mined zone has been 8.06 g/ton gold and 715 g/ ton silver over a 900 m strike length. • Montecristo Concessions – Mineralized dike system. • A closely spaced parallel set of dikes on the Montecristo II concession ran 224 grams/tonne silver over 14 meters and 163 grams/tonne silver over 7.4 meters.

20. Share Structure • Shares Outstanding (as of 09/30/2006): • Issued and Outstanding – 81.8 MM • Fully Diluted – 83.4 MM • Management – 12.3 MM • Market Capitalization - $24 Million • Cash - $650,000 • Long-term Debt - $0.3 MM (to management) • Average 50 Daily Trading Volume – 340,000 shares

21. Strong Value Investment • Generating positive cash flow from $2.4 million in partner payments and equity positions in partners ($4 million). • No requirement for additional cash. • Blue sky potential from exploration projects. • Undervalued compared to partners and industry. • Aggressively acquiring additional near production and exploration metals and minerals properties.

22. Investment Considerations • Leveraged to Gold and Silver which is trading at highest level in decades. • Not widely known and undervalued when compared to peers. • Excellent pipeline of development and exploration projects. • A liquid structure with multiple multi-million ounce targets and near term results. • Focused on delivering shareholder value.

23. Additional Information • Property agreements and results • http://yahoo.brand.edgar-online.com/default.aspx?cik=1100747 • Property results, diagrams and management team • http://www.taragoldresources.com/investors.php • http://paramountgold.com/Corporate/Management_Team.asp • Richard Biscan Jr. – President & CEO • Phone: 630-462-2079 • Email: president@taragoldresources.com

24. We want to assure shareholders that we will advance our projects with the attention and discipline we have demonstrated to date, in enhancing shareholder value. the gold company with a silver lining