Terraco Gold Corp. (TSX VENTURE:TEN) ("Terraco") is pleased to announce that a
third core drill rig has been deployed to its 100%-owned Almaden (Nutmeg
Mountain) gold project located in Washington County, Idaho. Terraco now has 3
core rigs drilling.


Terraco's 2012 Phase I drill program consists of 2 rigs focused on infill and
development core drilling, using Marcus & Marcus of Coeur d'Alene, Idaho,
together with a third rig drilling large 4" diameter core holes, using National
EWP of Elko, Nevada, for metallurgical test work.


"Terraco is drilling with 3 core rigs in an effort to provide, as quickly as
possible, infill drill assay information necessary for the next step of
evaluation. We are aggressively pushing towards the economic and geological
studies required for a production decision," stated Todd Hilditch, President and
CEO of Terraco.


The Almaden (Nutmeg Mountain) Project

The advanced-stage project has excellent access, infrastructure and now includes
over 66,140 metres (217,000 feet) of drilling in 903 drill holes. The project is
host to a low-sulphidation, epithermal gold deposit drilled extensively from
1980 to 1992 by a number of companies including Homestake and Amax Gold.


The Almaden project is a flat-lying outcropping ore body that, within surface to
approximately 300 feet, hosts a National Instrument 43-101 ("NI 43-101")
compliant measured resource of 239,000 ounces of gold (10,810,000 tons grading
0.022 ounces per ton ("opt"), an indicated resource of 625,000 ounces of gold
(32,240,000 tons grading 0.019 opt) and an inferred resource of 84,000 ounces of
gold (5,270,000 tons grading 0.016 opt), at cut-off grades of 0.008 opt, 0.012
opt and 0.023 opt, respectively, for oxide, mixed and sulfide mineralization.


The technical information in this release has been reviewed and approved by
Charles Sulfrian, C.P.G., Vice President, Exploration of Terraco and a
'qualified person', as defined by NI 43-101, unless otherwise noted.


Terraco is a mineral exploration company, listed on the TSX Venture Exchange
under the symbol "TEN". Please visit Terraco's website at www.terracogold.com
for additional information. 


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).
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