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
Taras 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 managements 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
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 US154 MM in
  exploration investment, trailing only Peru with
  US196 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 Taras 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?c
  ik1100747
• 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 [phone]
• Email president_at_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