Terraco Gold Closes Acquisition of Royalty Option on Spring Valley and US$5,000,000 Cash Infusion

Terraco Gold Corp. (TSX VENTURE:TEN) ("Terraco" or the "Company") is pleased to
announce that further to its press release dated December, 21, 2011, the Company
received TSX Venture Exchange approval of the transaction which has now been
closed.


"Terraco is very pleased to have worked closely with both the royalty vendor and
the strategic partner to close this three-way, win-win transaction. Terraco has
the right to acquire a significant royalty on a Barrick-led gold project next to
its Moonlight Project, solidified a US$5,000,000 cash infusion without diluting
shareholder value and is now fully funded for its 2012 exploration activities,"
stated Todd Hilditch, President and CEO of Terraco.


Further details about the transaction can be obtained from Terraco's December
21, 2011 news release available on the Company's website and on SEDAR.


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.

Terraco Gold (TSXV:TEN)
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