Terraco Gold Receives USD$1,000,000 Cash Infusion with Closing of 3rd Royalty Transaction on the Spring Valley Gold Deposit, ...

Terraco Gold Corp. ("Terraco" or the "Company") (TSX VENTURE:TEN) is pleased to
announce that further to its press release dated April 22, 2013, the Company has
closed its 3rd royalty transaction on the Spring Valley Project which included a
USD$1,000,000 cash infusion.


"We are pleased to complete this 3rd royalty transaction on the Spring Valley
Project located in Pershing County, Nevada, which is a Barrick led joint venture
with Midway Gold Corp. ("Midway"). Collectively, our three royalty transactions
now give Terraco, either by direct ownership or option, up to a 3% net smelter
returns ("NSR") royalty, on this developing project. Terraco management believes
that the valuation of this NSR will grow as the project moves towards production
and we are pleased that Barrick has continued its accelerated rate of earn-in
with Midway on the Spring Valley Project. In 2013, Barrick completed its
USD$30,000,000 spending requirement for 60% interest in the project and notified
Midway of its intention to spend an additional USD$8,000,000 to earn 70% of the
Spring Valley Project. We are also excited, in these tough economic and market
times that although we are issuing 800,000 shares of Terraco to the royalty
vendor for the royalty assets, we received a USD$1,000,000 cash infusion without
issuing additional shares or debt, thus no substantial shareholder dilution. In
the last 19 months we have delivered to shareholders, despite unfavorable market
conditions, a growing gold focussed asset base and brought USD$6,000,000 in
creative funding to the company where our share structure has been left
relatively intact. We are very proud of this", stated Todd Hilditch, President
and CEO of Terraco.


The Company continues to maintain a debt-free balance sheet and at closing of
this transaction has in excess of CDN$1,800,000 in cash and marketable
securities.


Royalty Map 

For a description of Terraco's royalty assets, including a royalty map, please
follow the below link to our website.


http://www.terracogold.com/s/SpringValleyRoyalty.asp

All of the requirements to close, including TSX Venture Exchange acceptance of
the transaction, have been completed.


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 km's 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).


FOR FURTHER INFORMATION PLEASE CONTACT: 
Terraco Gold Corp.
Todd Hilditch
President and CEO
[phone] or Toll free: 1 877 792-6688
[phone] (FAX)
www.terracogold.com