TEN Terraco Gold Corp

Terraco Gold Corp. the "Company" or "Terraco") (TSX VENTURE:TEN) is pleased to
announce that its 2012 exploration program is now underway, beginning with two
core rigs drilling at its 100% owned Almaden (Nutmeg Mountain) gold project,
located in Washington County, Idaho. 


Terraco's 2012 Phase I campaign will consist of a program combining HQ3 infill
and development core drilling, using Marcus & Marcus of Coeur d'Alene, Idaho,
together with a program of large (4") diameter core drilling, using National EWP
of Elko, Nevada, for metallurgical testwork. 


The Phase I infill-development portion of this year's core drilling will begin
with a 4,000 metre (13,000 feet) program (approximately 25 holes) designed to
better determine the interior continuity of the gold resource, fill in areas
where sampling from older drilling is either missing or is questionable, and
test for higher grades versus older RAB drilling in different parts of the
resource area. 


Exploration drilling is also planned to include deep holes exploring for feeder
zones as well as drilling along strike from the resource including the Cove
Creek area, some 400 to 600 metres south-southeast of the present gold resource.
Previous drilling at Cove Creek intersected as much as 38.1 metres (m) averaging
0.75 grams gold per metric tonne (gpt) (125 feet of 0.022 Troy ounces gold per
ton (opt)) including 12.2 m of 1.30 gpt (40 ft of 0.038 opt) in hole CC-8. The
area around CC-8 has had little follow up drilling. Mineralization encountered
in CC-8 is open in three directions. 


The 2012 program also includes up to 460 metres (1,500 feet) of 10.28 cm (4
inch) diameter core drilling for metallurgical test work. The metallurgical
holes will average 100 metres (300 feet) in depth and are designed to provide
oxide and transitional ore grade material for metallurgical testing from the
outcropping, flat-lying, tabular deposit. Three or four holes will be drilled at
differing targets within the resource for material for column and bottle roll
testwork. 


"Terraco's initial goals at Almaden, since the acquisition in January 2011, were
to move toward confirmation of known, near surface gold mineralization as well
as the discovery of new high-grade gold in veins at depth. The 2011 core
drilling program was very successful. We now look forward to utilizing the
information garnered last year to help define the 2012 program in an effort to
move this project towards a production decision," stated Charles Sulfrian,
Vice-President Exploration.


The Almaden (Nutmeg Mountain) Project

The advanced stage project has excellent access and infrastructure and now
includes over 66,140 metres (217,000 feet) of drilling in 903 drill holes. The
project is host to a low-sulphidation, epithermal gold deposit drilled
extensively from 1978 to 1992 by a number of companies including Homestake and
Amax Gold.


The Almaden project is a flat-lying outcropping ore body that, within surface to
approximately 300 feet, hosts a NI 43-101 compliant measured resource of 239,000
ounces of gold (10,810,000 tons grading 0.022 opt), an indicated resource of
625,000 ounces of gold (32,240,000 tons grading 0.019 opt) and an inferred
resource of 84,000 ounces of gold (5,270,000 tons grading 0.016), at the cut-off
grades of 0.008 opt, 0.012opt, and 0.023 opt for the oxide, mixed, and sulfide
mineralization, respectively.


The technical information in this release has been reviewed and approved by
Charles Sulfrian, C.P.G., Vice President, Exploration of Terraco and a
'qualified person', as defined by NI 43-101, unless otherwise noted.


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


Forward-Looking Statements

This news release contains forward-looking statements. Although the Company
believes that the expectations reflected in these forward-looking statements are
reasonable, undue reliance should not be placed on them because the Company 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 the Company'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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