Terraco Gold Humboldt Range Update

Terraco Gold Corp. ("Terraco" or the "Company") (TSX VENTURE:TEN) is pleased to
announce a Humboldt Range update including activity on its Spring Valley Assets.

Terraco Humboldt Range Background

Terraco holds net smelter return ("NSR") royalty assets of up to 3% on claims
covering the vast majority of the currently outlined Spring Valley gold deposit.
The Spring Valley gold project is operated by Barrick Gold Corp. ("Barrick") and
is a joint venture with Midway Gold Corp. ("Midway") whereby Barrick is the 70%
partner. Terraco's royalty assets include direct NSR ownership, options to
purchase NSR royalties and a right of first refusal to purchase a 1.0% NSR on an
area of interest within a half-mile of the core claim block. Terraco's holds its
Spring Valley royalty assets and its northerly adjoining 35 km2 Moonlight
exploration project land holdings within one Nevada domiciled subsidiary
(collectively, the "Spring Valley Assets").

Spring Valley Activity - Barrick

Activity on the Spring Valley gold project is continuing aggressively with
Barrick advancing the project to a pre-feasibility stage and confirming
production potential for the project (see Barrick's April 30, 2014 announcement
Barrick Reports First Quarter 2014 Results(1) and Midway's May 16, 2014
announcement, Midway Reports Barrick Advances to Pre-Feasibility Spring Valley
Gold Project, Nevada(2)). In addition, Midway announced that it had received
Barrick's 2014 budget regarding the Spring Valley gold project and that it
included USD$8,300,000 for project development and USD$5,000,000 for exploration
work. The total budget of USD$13,300,000 announced was to advance the project
(see Midway's announcement May 16, 2014, Midway Announces Barrick's $13.3
Million Planned 2014 Expenditures for Spring Valley, Nevada(2)).

Southern Humboldt Range New Entrant - Sumitomo

Regional Southern Humboldt Range activity, in addition to the above noted Spring
Valley developments, includes a new entrant along trend adjoining Terraco's
Moonlight Project to the North. Renaissance Gold Inc. ("Renaissance") has signed
an exploration agreement with Sumitomo Corporation's U.S. subsidiary, Summit
Mining Exploration II, Inc., to earn up to a 70% interest in the Fourth of July
project that is along strike (to the north) from the Rochester Mine, Barrick's
Spring Valley and Terraco's Moonlight Project. Terraco's Moonlight Project now
sits between two major mining companies in Barrick and Sumitomo.

"With the completion of Barrick's USD$38,000,000 earn-in on the Spring Valley
gold project (in February 2014) and the subsequent announcements made by Midway
that Barrick has moved to prefeasibility and is spending USD$13,300,000 in 2014
on the project, we are feeling confident that the Spring Valley gold project
will become the mine we had hoped for when we acquired our Spring Valley royalty
assets. In addition, there is more activity district wide in the Southern
Humboldt trend with other majors like Sumitomo coming into the mix," said
President and CEO Todd Hilditch.

For a description of Terraco's Spring Valley Assets, including a narrated video
presentation and a royalty map of Spring Valley deposit, please follow the below
link to our website, further to the Spring Valley Asset Presentation (bottom
right of Home Page): www.terracogold.com.

More information on the Spring Valley project can be accessed through Sedar
(further to Midway Gold) or Midway's website.

Shareholder Notice

Shareholders and investors that currently receive news releases or corporate
updates from Terraco will be receiving a direct email within a week whereby your
consent to receive future Company news releases and updates will be required. In
keeping up with Canada's new anti-spam law, which comes into effect on July 1,
2014, Terraco is required to request and receive your consent prior to sending
news releases and corporate updates. Your action to our email request is
required on or before July 1, 2014.

Corporate

The Company also announces the grant of an aggregate total of 5,051,000
incentive stock options to directors, officers, employees and consultants of
Terraco pursuant to its Stock Option Plan with certain vesting provisions. These
options will be exercisable at a price of CAN$0.16 per share and will expire on
June 9, 2019. The grant of the incentive stock options is subject to regulatory
approval.

About Terraco Gold

Terraco is a junior mining company with a gold project portfolio that includes a
gold royalty and royalty options on the Spring Valley Project (Nevada), which is
a joint venture among the world's largest gold producer, Barrick Gold Corp., and
Midway Gold Corp. Terraco also controls over 35 sq kms of early-stage
exploration potential (the Moonlight Project) adjoining the Spring Valley
Project joint venture to the north. In addition, Terraco has an advanced-stage
gold project in Idaho which hosts a National Instrument 43-101 compliant gold
resource.

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

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that
term is defined in the policies of the TSX Venture Exchange) accepts
responsibility for the adequacy or accuracy of this release.

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)

(1)
www.barrick.com/investors/news/news-details/2014/Barrick-Reports-First-Quarter-2014-Results/default.aspx

(2) www.midwaygold.com/news/2014/

FOR FURTHER INFORMATION PLEASE CONTACT:
Terraco Gold Corp.
Todd Hilditch
President and CEO
(604) 443-3831 or Toll free: 1 877 792-6688 Ext 2
(604) 682-3860 (FAX)
www.terracogold.com

Terraco Gold (TSXV:TEN)
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