TEN Terraco Gold Corp

Terraco Gold Corp. (TSX VENTURE:TEN) ("Terraco") is pleased to announce that
further to its press release dated March, 9, 2012, Terraco has received TSX
Venture Exchange acceptance of the transaction which has now closed.


"We are excited to have closed this second royalty/option acquisition which
complements the first royalty transaction announced by Terraco on December 21st
and 23rd, 2011. Together, these transactions provide royalty coverage on the
gold deposit currently outlined in the Barrick/Midway Gold Spring Valley Project
National Instrument 43-101 technical report, filed by Midway on SEDAR. Terraco
anticipates that the value of its combined royalty assets will continue to grow
as Barrick takes Spring Valley towards production. We believe we have
strategically created, through these royalty transactions, the opportunity for
monetization through cash flow from future mine production and also the ability
to leverage portions of the royalty portfolio in the future to raise cash
without diluting Terraco's shareholders," stated Todd Hilditch, President and
CEO of Terraco.


The Spring Valley Project is a joint venture between Barrick Gold Corp. and
Midway Gold Corp., pursuant to which Barrick has the right to earn a 60%
interest in the Spring Valley Project by completing work expenditures totaling
US$30,000,000 before December 31, 2013. Terraco's 100% owned Moonlight Property
is located along trend immediately to the north of the Spring Valley Project.


Further details about the transaction can be obtained from Terraco's March 9,
2012 news release available on Terraco's website and on SEDAR.


Terraco is fully funded to continue its 2012 exploration programs at its Almaden
and Moonlight Projects.


Terraco is a mineral exploration company listed on the TSX Venture Exchange
under the symbol "TEN". Please visit Terraco's website at www.terracogold.com
for additional information.


Forward-Looking Statements

This news release contains forward-looking statements. Although Terraco believes
that the expectations reflected in these forward-looking statements are
reasonable, undue reliance should not be placed on them because Terraco can give
no assurance that they will prove to be correct. Since forward-looking
statements address future events and conditions, by their very nature, they
involve inherent risks and uncertainties. Additional information on these and
other factors that could affect Terraco's operations and financial results are
included in reports on file with Canadian securities regulatory authorities and
may be accessed through the SEDAR website (www.sedar.com).

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