Terraco Gold Reports on Barrick's 70% Earn-In on the Spring Valley Gold Project, Nevada

Terraco Gold Corp. (TSX VENTURE:TEN) - 

Highlights:



--  Barrick has earned 70% interest (by spending $38,000,000) in the joint
    venture with Midway Gold Corp. of the Spring Valley project, Nevada 
--  Terraco has royalty coverage of up to 3% NSR on claims covering the
    known Spring Valley gold deposit 



Terraco Gold Corp. ("Terraco" or the "Company") is pleased to announce that on
November 18, 2013, Midway Gold Corp. ("Midway") reported that Barrick Gold Corp.
("Barrick") has informed Midway of the completion of $38 million in expenditures
on the Spring Valley project, Pershing County, Nevada which meets the
expenditure requirement for Barrick to earn a 70% interest in the joint venture.
Midway also reported that the Barrick expenditures for the earn-in on the Spring
Valley project are more than a year ahead of the scheduled requirements under
their agreement. 


The Spring Valley project is a large, porphyry-hosted gold system, located
approximately 32 kilometers ("km") northeast of Lovelock, Nevada that hosts a
NI43-101 compliant gold resource. Terraco has gold royalty coverage of up to 3%
NSR on claims covering the project and also controls over 35 square km's of
early-stage exploration potential (the Moonlight Project) adjoining the Spring
Valley project joint venture to the north. 


"With a significant royalty structure and option of up to 3% NSR on the Spring
Valley gold project, we are pleased to see that Barrick has completed this
earn-in with Midway. This milestone is encouraging from a project development
standpoint. The Spring Valley project is a great Nevada story from the discovery
by the early prospectors to a grass roots project to its current advanced stage
development and we look forward to the continued success at Spring Valley,"
stated Todd Hilditch, President and CEO of Terraco.


Terraco's Royalty Assets and Map

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


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

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


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.
President and CEO
[phone] or Toll free: 1 877 792-6688 Ext 2
[phone] (FAX)
www.terracogold.com