Terraco Closes Seymork Land Acquisition at Its Moonlight Project (Nevada)

Terraco Gold Corp. (TSX VENTURE:TEN) (the "Company") is pleased to announce that
further to its news releases dated June 13, 2011 and February 3, 2012, the
Company and its wholly-owned Nevada subsidiary, TGC Holdings Ltd. ("TGC", and
collectively with the Company, "Terraco"), have received TSX Venture Exchange
approval of the purchase by TGC from Seymork Investments Ltd. ("Seymork") of
certain private fee lands and mineral rights (the "Seymork Properties") in
Pershing County, Nevada (the "Transaction"). The Transaction has now closed.


Moonlight Project

The Transaction significantly enhances Terraco's land position to over 35 square
kilometres (13 square miles), at its "Moonlight Project" located in Pershing
County, Nevada. The Moonlight Project now encompasses over 8,830 gross acres of
land and 7,980 acres of net mineral rights, providing Terraco with a larger
strategic land package and a better exploration opportunity for its early stage
Moonlight Project. Terraco's 100%-owned, now consolidated, Moonlight Project is
located along trend to the north of and adjoins the "Spring Valley Project". The
Spring Valley Project is a joint venture between Barrick Gold Corp. and Midway
Gold Corp., where 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.


Seymork Land Transaction

Closing of the Transaction was subject to: (1) the removal of certain deeds of
trust held by subsidiaries of Midway Gold Corp. which were recorded against the
Seymork Properties; (2) Terraco's satisfaction that title of the Seymork
Properties was free and clear of any encumbrances; and (3) approval of the
Transaction by the TSX Venture Exchange. All of the subjects have now been
removed. The Company has issued 773,000 common shares to Seymork as part of the
Transaction. Seymork has exercised its right, under the agreement announced on
June 13, 2011, to retain certain properties.


Spring Valley Royalty and Royalty Option

Terraco recently completed 2 royalty transactions (see news releases dated
December 21 and 23, 2011 and March 9 and 13, 2012), giving Terraco direct
royalty ownership, a royalty option and a right of first refusal on a perimeter
royalty that collectively covers the gold deposit currently outlined in the
Spring Valley Project's National Instrument 43-101 technical report filed by
Midway.


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).