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Tara Minerals Reaches Agreement to Sell Concentrate to Glencore

12/07/2009
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CHICAGO, IL -- (MARKET WIRE) -- 12/07/09 -- Tara Minerals Corp. (OTCBB: TARM) (BERLIN: 6T3), a subsidiary of Tara Gold Resources Corp. (PINKSHEETS: TRGD) (FRANKFURT: T8N), is pleased to announce that the Company has reached an agreement to sell all of its zinc and lead Don Roman concentrate to Metagri S.A. de C.V., a local Mexican subsidiary of Glencore International AG. The agreement includes payment of 85% of the final zinc content and 95% of the final lead content, minus applicable quality, shipping and processing costs and also payment for gold and silver content within the concentrate. The agreement is for a five year term with an extension clause.

Metagri / Glencore has also agreed to provide technical assistance from its worldwide mining and metallurgical operations towards increasing and optimizing production levels at the Don Roman mine and mill. The Glencore technical team has already visited the plant on a couple of occasions and has proven to be a valuable resource. The technical support will also be available to assist with other business development opportunities between Tara and Metagri/ Glencore.

Mr. Francis Biscan Jr., President of Tara Minerals Corp., stated, "Glencore has international reach and a wealth of technical knowledge. While forming the relationship, they have consistently expressed an attitude of partnership aimed at developing a successful and profitable project for our company and a consistent quality product for them. We look forward to working with Metagri / Glencore on an on-going basis. We have been stockpiling processed concentrate and shipments to Metagri will begin immediately."