Terreno Resources Corp. to Acquire Option on El Carrizal Project in the Dominican Republic from Unigold Inc.

Terreno Resources Corp. (TSX VENTURE:TNO) ("Terreno" or the "Company") is
pleased to announce that it has entered into an agreement (the "Agreement") with
Unigold Inc. (TSX VENTURE:UGD) ("Unigold"), to acquire its option to acquire
100% of the El Carrizal concession in the Dominican Republic (the "El Carrizal
Concession"). The El Carrizal Concession covers 13,150 hectares and lies between
Unigold's western Neita Concession and the eastern Sabaneta Concession and is
contiguous with both (see figure 1:
http://media3.marketwire.com/docs/TERFIG1.pdf). 


As consideration for the assignment of the option, Terreno will issue to Unigold
a total of 11,500,000 common shares and make cash payments totaling $1,000,000.
An initial $50,000 cash payment is due immediately with the 11,500,000 common
share issuance and a further cash payment of $250,000 due on the exercise of the
option by Terreno. Two further cash payments of $350,000 each will be due on the
12 and 24 month anniversary of the date on which Terreno exercises the option.
In addition, Unigold will be granted a 2% royalty of which half (leaving Unigold
with a royalty equal to 1% of net smelter returns) can be repurchased by Terreno
for USD$1,000,000 and will be entitled to receive an additional 5,000,000 common
shares of Terreno in the event that 2,000,000 ounces of gold are delineated on
the property by Terreno on a National Instrument 43-101 compliant basis, in any
category of resource. All such common shares of Terreno which may be issued to
Unigold pursuant to the Agreement will be subject to a hold period which will
run for a period of four months from the time of the issue of such common
shares. The transaction involves non-arm's length parties. Terreno is considered
a non-arm's length party of Unigold as a result of the fact that Pinetree
Capital Ltd. holds greater than 10% of the securities of each of Unigold and
Terreno and is thus an "insider" of both companies. The transaction is subject
to the final approval of the TSX Venture Exchange, which may include Terreno
obtaining approval of its shareholders.


The El Carrizal Concession is contiguous to the north and east of Unigold's
Neita concession. The project area is shaped like an inverted L with the
southern portion nearly covered entirely by the Tireo formation, which consists
of andesite and dacitic volcanics with inter-layered sediments generally
deposited in a subaqueous environment. The Tireo and Early Cretaceous Los
Ranchos and Maimon Formation island arc volcanic sequences define an extremely
prospective mineral belt that hosts numerous mines and significant exploration
projects, including Pueblo Viejo with proven and probable reserves of 25.3
million ounces of gold reserves, Goldquest Mining Corp.'s new Romero discovery
on the Las Tres Palmas trend and Unigold's Candelones Project on the Neita
concession. 


Work on the project to date includes geological mapping and magnetic surveys as
well as rock chip, stream and soil sampling. Unigold completed an extensive soil
sampling program across half the project area comprising 8,158 samples of which
only 1,219 have been assayed. The results show a broad area of coincident soil
anomalies with magnetic highs and cross cutting structures. Terreno intends to
focus its initial efforts on this area which measures approximately 7 km in
strike and up to 5 km in width. Terreno's first phase of work will comprise
assaying the balance of the soil samples within this area of focus followed by
ground checking the anomalies and detailed geological mapping. The next phase
will be to conduct an induced polarization (IP) survey over the most prospective
areas which will be used to generate drill targets.


About Terreno Resources

Terreno, meaning "of the earth" in Spanish, represents the Company's focus on
natural resource opportunity development in South and Central America. In the
Dominican Republic, Terreno has the option to acquire the El Carrizal Concession
and option agreements on two exploration projects in Argentina; Poposa (formerly
referred to as Amarillo) in San Juan, and Socompa in Salta. Terreno's projects
boast significant alteration systems and have the potential for copper, gold and
silver mineralization. For more information, please visit
www.terrenoresources.com. 


FOR FURTHER INFORMATION PLEASE CONTACT: 
Terreno Resources Corp.
Bruce Keith
President & CEO
416.643.7631 or Cell: 415.686.5806
bkeith@terrenoresources.com
www.terrenoresources.com

Terreno Resources Corp. (TSXV:TNO)
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