Tamaya Resources Limited (ASX:TMR) Commences Planning For "Project 4000" Following Delivery of "Project 3000" at Punitaqui, Chile

Sydney, May 1, 2008 (ABN Newswire) - Tamaya Resources Limited (ASX:TMR)(PINK:TMAYF) is pleased to announce that the Company will commence planning for "Project 4000" following delivery of "Project 3000" at its 100% owned Punitaqui copper mine and processing operations in Chile.

- Milling rate and mined production achieves 3000 tpd

- Planning underway for 4000 tpd scenario

- Mining is moving into higher grade zones

- Focus now on sustaining levels and improving recoveries

"Project 3000" was formally delivered by management on-site during April, and involves processing 3,000 tonnes per day (tpd) at Punitaqui from the underground section at Cinabrio, through transportation, then crushing and milling.

Tamaya's focus is now to deliver 3000 tpd on a sustainable basis from underground. The Company has already launched a business improvement program targeting costs, revised its mine planning to access higher grade zones and has also commissioned specialist consultants to improve recoveries. Following the success of "Project 3000", the Tamaya board and management will commence planning to mine 4000 tpd from a combination of underground and open pit ore sources, supported by the recent outstanding open-pit exploration discovery at Dalmacia.

Improvements in the operations in Chile have provided a platform for the Company's overall plans for 2008 which include a prospective dual TSX listing and strategies to realise value from Tamaya's portfolio of gold assets in Armenia and Portugal.

About TAMAYA RESOURCES LIMITED

Tamaya Resources Limited, formerly SMC Gold Limited, is involved in the activities of gold and copper mining, and mineral exploration. The Company’s controlled investments include Rishton Gold Pty Ltd, which is engaged in administration; SMC Gold Chile Limitada, which is a holding entity; Punitaqui Pty Ltd, which is engaged in mining of copper; Compania Minera Tamaya SCM, which is engaged in mining of copper and gold; Compania Minera Punitaqui SCM and Compania Minera Los Mantos, both of which are engaged in mining of copper. In August 2007, the Company announced that it has concluded an agreement with Latitude Resources plc for the acquisition of an interest in Latitude's Chilean subsidiary, Latin American Copper Chile S.A.