(OTC Bulletin Board: CGLD); (PINKSHEETS: TRGD); (PINKSHEETS: ABVG).

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Capital Gold (TSX: CGC) (OTC Bulletin Board: CGLD) (January 8, 2008)reported earlier today that the Company has produced approximately 4,200 ounces of gold in December from its El Chanate mine in Sonora, Mexico. Total production for the current fiscal quarter, which ends January 31, now stands at 7,200 ounces. The average sale price for this fiscal quarter has been approximately $816 per ounce, as compared to $711 per ounce for the first quarter. Production costs are still running well below industry average. The Company's latest sale of gold was completed at $860 per ounce. Production for the first full year of operation is estimated to be 50,000 ounces.

Capital Gold Chairman Gifford Dieterle said: "Our December production figures indicate that we are ahead of where we were during the same period in the first quarter of operation. That, combined with the increasing gold price, makes me believe that our second quarter performance will be better than our very successful first quarter."

Capital Gold's COO, John Brownlie, said: "The leach pad expansion is going as planned, and we are currently stacking ore on the first of the newly constructed panels. We will continue construction of the leach pad through the first half of 2008. This will give the Company sufficient leach pad capacity for the next five years, even at the planned increased production rates. Assembly of additional leach pad stacking conveyors will begin this week and is anticipated to be completed during January."

Brownlie added: "Throughout the initial period of operation we have continually focused on maximizing our production through operator training and adjustments to the crushing circuit. This has paid off because we are consistently crushing 30% more ore than the feasibility study rates. Ultimately this increased tonnage crushed will result in greater gold production and lower operating costs."

Capital Gold Capital Gold Corporation (CGLD: CGC) is a gold production and exploration company. Through its Mexican subsidiaries and affiliates, it owns 100% of the El Chanate gold property in Sonora, Mexico. The proven and probable reserve is 832,000 ounces of gold. Further information about Capital Gold and the El Chanate Gold Mine is available on the Company's website, www.capitalgoldcorp.com.

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Earlier today, Tara Gold Resources Corp. (PINKSHEETS: TRGD) (January 8, 2008)was pleased to provide an update on its current projects. Tara Gold is positioned to realize value from a pipeline of nine production and exploration projects in Mexico, an aggressive acquisition strategy, and dedicated management.

Tara Gold is currently producing gold and silver from La Currita and expects production start-up from Picacho and Lluvia de Oro during the first half of 2008. In addition, Tara Minerals, an 82% owned subsidiary, expects to be producing from its Don Roman Lead Zinc, Silver project during the first half of 2008. Exploration and development risk is managed through partnerships. These partnerships have resulted in partner option agreements totaling US $40+ million in investments towards Tara Gold projects. Option interests are earned by partners in exchange for cash, shares, property payments and development costs, thus advancing many properties simultaneously.

La Currita, Temoris, Mexico Gold and Silver Mine - in production, expansion under assessment Tara is currently producing mill tailings at a rate of approximately 300 t/d with an operating profit of U.S.$42.00 per tonne. Plans have been initiated to shift production to mined ore which should deliver head grades of approximately 3 times the value of the mill tailings. Additionally, plans are being made to expand the plant to 500 t/d. Two parallel mineralized vein systems have been identified -- the Sulema I and Sulema II. The head grade from the underground clean-up and Sulema II vein averages 200 g/t silver and 1.2 g/t gold while the open pit grades are significantly higher, reaching 750 g/t silver and 12 g/t gold and higher. Sampling has already shown the Sulema I vein to be at least 1,000 m long and is currently open in all directions. La Currita is located adjacent to Palmarejo (recently sold for US$1.1 billion) with some of the same vein systems continuing into La Currita. Given the consistency of the veins, the potential for significantly increasing the tonnage at La Currita is excellent.

Shareholder value will be enhanced through expanded production, an aggressive exploration program and a 43-101 resource estimate. Raven Gold Corp. has an option to earn up to 60% interest in the La Currita Groupings by making certain payments to Tara Gold, issuing 1,500,000 shares, making all remaining property payments (which have been made) and spending a minimum of $4.25 million by Nov. 2009. $1,375,000 of this is required to be spent, on exploration, by May 10, 2008. Tara is generating positive cash flow from La Currita and does not expect expenditures directly during 2008. All costs are the responsibility of the partner.

Lluvia de Oro, Sonora, Mexico Gold Mine - scheduled to be in production by Q2 2008 Tara is working with its partner to quickly bring the former producing mine back to commercial production at an initial rate of 3,000 ounces/month during the first half of 2008. A Pre-Feasibility report confirmed economic and technical viability of the 286,948 ounces of NI 43-101 compliant gold with an increase possible through drilling. Mineralization is open along strike in both directions.

San Miguel, Chihuahua, Mexico Significant Silver Discovery - 2 drills currently drilling To date, more than 24,000 m have been drilled and more than 1,800 m of trenching has been completed on just 5 km of the more than 8 km long mineralized structure. Structural, 3D modeling, geophysics and other survey work is currently being completed to help define deeper targets and potentially additional parallel systems. In January 2007, an NI 43-101 report outlined an inferred resource of 35M oz silver equivalent.

Shareholder value is being enhanced significantly through the ongoing US$10 million, 50,000 m drilling program. 47 of the last 53 drill holes intersected economic grades of silver, gold, zinc and lead. 30 holes are pending assay. The partnership has considerably enhanced the project technical team in an effort to systematically, and with the highest level of confidence, drill the growing resource. Tara Gold has a 30% / 70% joint venture agreement with Paramount Gold Mining Corp. Under the joint venture agreement, Tara Gold has 90 days to review all exploration expenditures prior to making its proportional payment. Tara Gold is current with its proportion of the payments and expects its proportions of the 2008 exploration costs to be approximately $250-$400,000 per month. Tara Gold has budgeted for these costs.

Las Minitas, Sonora, Mexico Gold and Silver Target A gold-silver system has been uncovered at the Las Minitas property in southwestern Sonora State, Mexico. The mineralization corridor is believed to cover a minimum 3 km strike length and is approximately 100 m wide. The El Negro target intersected 3.12 g/t gold and 43.80 g/t silver over 24.5 m, including a 1 m section grading 26.07 g/t gold, 273.50 g/t silver. Historical information indicates that 3 zones of interest are present.

Tara Gold is currently in a dispute with its previous partner regarding the Las Minitas Option Agreement and is assessing its options to advance the property. Tara Gold has budgeted for legal fees and property payments.

Tara Minerals Corp., Mexico Base and Industrial Metals - engineering study currently under way towards production Tara Gold established Tara Minerals Corp. to hold all base and industrial metal projects. The separation maximizes shareholder value and reduces dilution of precious metal holdings. Subsequently, Tara Minerals raised US$2.5 million by selling 5,039,200 shares priced at $0.50 per share. Tara Minerals currently controls 100% of 3 lead, zinc and silver properties. Tara Gold owns 82% (30 million shares) of Tara Minerals.

Tara Minerals has filed an SB2 towards obtaining a public listing in 2008. It has also begun installing equipment at the Don Ramon and Lourdes project towards production start-up by Q2 2008. Cash flow from production will be used to start aggressive exploration programs in an effort to establish NI 43-101 compliant resources. Tara Minerals has 36,539,200 shares issued. Tara Gold does not expect expenditures directly during 2008.

Tara Gold Resources Corp. is a growth-oriented precious metals exploration and development company with existing production plants. It is management's objective to become a significant gold and precious metals producer by re-initiating and increasing production levels at La Currita, Lluvia de Oro and Picacho, and developing the San Miguel, La Millionaria, Las Minitas and Curcurpe projects in Mexico. We continue to acquire other advanced-stage projects and/or producing mines in one of the most prolific precious metal districts in the world.

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ABV Gold, Inc. (PINKSHEETS: ABVG) (January 8, 2008)), a gold and other precious metals mining company, announced earlier today that it has hired TsNIGRI, a renowned Russian geological and engineering firm to review and evaluate a potential merger with a leading gold and silver mine in the Russian Federation.

According to the company, the potential merger is very significant to the company and requires an independent review and valuation in order to verify the proven reserves and economic viability of the operation for the long term.

"We are very enthusiastic about working with such a prominent organization in Russia. TsNIGRI has been at the center of a large number of large international transactions. If this review and valuation results in the expected positive findings and a major transaction is concluded, ABV Gold will automatically become a major player in the gold and silver mining sector," said Daniel Ryan, President of ABV Gold, Inc. "We are at the forefront of a new economic revolution in the Russian Federation, where most companies seek to go public as a way to access capital markets. ABV Gold, Inc. is a small public company and is a vehicle for companies wanting to maximize the asset value of their large mining assets located in the Russian Federation," further added Mr.Ryan.

ABV Gold is a publicly traded, junior mining-exploration company headquartered in Montreal, Canada. The company pursues the acquisition and development of mining properties known to contain significant mineral assets, principally uranium and or gold.

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