TEN Terraco Gold Corp

Terraco Gold Corp. ("Terraco" or the "Company") (TSX VENTURE:TEN) announces the
approval and adoption by its Board of Directors of an advance notice policy (the
"Policy") for the nomination of directors. The purpose of the Policy is to
provide shareholders, directors and management of Terraco with a clear framework
for nominating directors of the Company at shareholder meetings. Terraco is
committed to: (i) facilitating an orderly and efficient annual general or, where
the need arises, special meeting, process; (ii) ensuring that all shareholders
receive adequate notice of the director nominations and sufficient information
regarding all director nominees; and (iii) allowing shareholders to register an
informed vote after having been afforded reasonable time for appropriate
deliberation. The Policy is intended to further these objectives.


The Policy, among other things, includes a provision that requires advance
notice to the Company in certain circumstances where nominations of persons for
election to the Board of Directors are made by shareholders of the Company. The
Policy fixes a deadline by which director nominations must be submitted to the
Company prior to any annual or special meeting of shareholders and sets forth
the information that must be included in such notice to the Company. No person
will be eligible for election as a director of Terraco unless nominated in
accordance with the Policy.


In the case of an annual meeting of shareholders, notice to the Company must be
made not less than 30 days and not more than 65 days prior to the date of the
annual meeting; provided, however, that, in the event that the annual meeting is
to be held on a date that is less than 50 days after the date on which the first
public announcement of the date of the annual meeting was made, notice may be
made not later than the close of business on the 10th day following such public
announcement. 


In the case of a special meeting of shareholders called for the purpose of
electing directors (whether or not called for other purposes), notice to the
Company must be made not later than the close of business on the 15th day
following the day on which the first public announcement of the date of the
special meeting was made.


The full text of the Policy will be available under the Company's profile at
www.sedar.com and on the Company's website (www.terracogold.com).


The Policy is in effect as at the date of this news release. Pursuant to the
terms of the Policy, the Company will seek shareholder ratification of the
Policy at its annual general meeting of shareholders scheduled for May 29, 2013.


About Terraco Gold 

Terraco is a junior mining company with a gold project portfolio that includes a
gold royalty and royalty option on the Spring Valley Project (Nevada), which is
a joint venture among the world's largest gold producer, Barrick Gold, and
Midway Gold. 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 NI43-101 compliant gold resource. 


Please visit Terraco's website at www.terracogold.com for additional information.

FOR FURTHER INFORMATION PLEASE CONTACT: 
Terraco Gold Corp.
Todd Hilditch
President and CEO
(604) 443-3831


Terraco Gold Corp.
Bryan McKenzie
CFO
(604) 443-3834
www.terracogold.com

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