Let $P = (h,k)$ be a point on the circle $x^2 + y^2 = \dfrac 12$.
$\left( \text{Then}\; h^2 + k^2 = \dfrac 12 \right)$. The origin, $O = (0,0)$ is the center of the circle. So the equation of the line
$\overleftrightarrow{OP}$ is $kx - hy = 0$
A line tangent to the line $kx - hy = 0$ must have an equation of the form $hx + ky = C$ for some number $C$. Since we want the line to pass through the point $(h,k)$, then $C = h^2 + k^2 = \dfrac 12$. So the equation of the line tangent to the circle $x^2 + y^2 = \dfrac 12$ at the point $(h,k)$ is $hx + ky = \dfrac 12$.
This will intersect the parabola $y^2 = 4x$ when
\begin{align}
y^2 &= 4x \\
hx + ky &= \dfrac 12\\
\hline
\dfrac h4 y^2 + ky &= \dfrac 12\\
hy^2 +4ky-2 &= 0\\
\end{align}
This is a quadratic equation. The line will be tangent to the parabola only if this equation has exactly one solution. That means that the discriminant must be equal to $0$.
\begin{align}
B^2 - 4AC &= 0 \\
16k^2 + 8h &= 0 \\
h = -2k^2
\end{align}
We solve for $h$ and $k$
\begin{align}
h^2 + k^2 &= \dfrac 12 \\
h &= -2k^2 \\
\hline
4k^4 + k^2 &= \dfrac 12\\
k^4 + \dfrac 14 k^2 &= \dfrac 18 \\
k^4 + \dfrac 14 k^2 + \dfrac{1}{64}&= \dfrac{9}{64} \\
k^2 + \dfrac 18 &= \pm \dfrac{3}{8} \\
k &= \pm \dfrac 12
\end{align}
This gives us the four candidates
$(h,k) = \left( \pm \dfrac 12, \pm \dfrac 12\right)$, wich corresponds to the four possible tangent lines $y = \pm x \pm 1$. All four of these lines will be tangent to the circle and will intersect the parabola in only one point. But only two of them are going to be tangent to the parabola.
A quick check show that the lines $y = -x -1$ and $y = x + 1$ are the tangent lines.