A security tag assembly structured to restrict unauthorized removal of merchandise from a designated area is presented. The security tag assembly comprises a base and a tag member removably connected to the merchandise being protected or monitored. A locking assembly is disposed within the base and is structured to be biased into a locking orientation relative to a connector pin of the tag member. A release assembly, also disposed within the base, is structured to facilitate the authorized release of the locking assembly upon application of an externally applied detachment assembly. In particular the release assembly comprises a displacement structure including coaxially disposed first and second members connected via an at least partially flexible biasing connector comprising an arcuate or "U" shaped configuration. The second collar is structured for disposition into a displacing engagement with the locking assembly upon the forced movement of the first collar.