TEN Terraco Gold Corp

THIS NEWS RELEASE IS NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR
FOR DISSEMINATION IN THE UNITED STATES.


Terraco Gold Corp. ("Terraco" or the "Company") (TSX VENTURE:TEN) is pleased to
announce that it has completed its previously announced early warrant exercise
incentive program (the "Program"), subject to receipt of final approval from the
TSX Venture Exchange. Pursuant to the Program, Terraco has issued 6,732,500
non-transferable incentive warrants.


Each incentive warrant of Terraco issued pursuant to the Program will entitle
the holder to purchase one additional common share of the Company at a price of
CAN$0.40 for a period of 18 months from the date of issuance. The incentive
warrants and any underlying common shares which may be issued upon their
exercise, are subject to a four-month hold period from the date of issuance,
being August 12, 2011.


Any warrants that were not exercised during the early exercise term of the
Program will remain outstanding and continue to be exercisable for common shares
of Terraco on their existing terms.


The Company plans to use the proceeds from the Program to accelerate the
continued exploration of its Almaden Project (Idaho) and its Moonlight Project
(Nevada).


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

Certain of the statements made and information contained herein are
"forward-looking statements" within the meaning of provincial securities laws or
"forward-looking information" within the meaning of the British Columbia
Securities Act, Ontario Securities Act and the Alberta Securities Act. This
includes statements concerning the Company's plans regarding the use of
proceeds, which are subject to known and unknown risks, uncertainties and other
factors which may cause the anticipated circumstances of the Company upon which
such statements were based, to be materially different from the actual future
circumstance. Forward-looking statements and forward-looking information are
subject to a variety of risks and uncertainties which could cause actual events
or results to differ from those reflected in the forward-looking statements or
forward-looking information, including, without limitation, the availability of
additional financing for activities, risks and uncertainties relating to the
interpretation of drill results and the estimation of mineral resources and
reserves, the geology, grade and continuity of mineral deposits, the possibility
that future exploration, development or mining results will not be consistent
with the Company's expectations, metal price fluctuations, environmental and
regulatory requirements, availability of permits, escalating costs of
remediation and mitigation, risk of title loss, the effects of accidents,
equipment breakdowns, labour disputes or other unanticipated difficulties with
or interruptions in exploration or development, the potential for delays in
exploration or development activities, the inherent uncertainty of production
and cost estimates and the potential for unexpected costs and expenses,
commodity price fluctuations, currency fluctuations, expectations and beliefs of
management and other risks and uncertainties. In addition, forward-looking
statements and forward-looking information is based on various assumptions.
Should one or more of these risks and uncertainties materialize, or should
underlying assumptions prove incorrect, actual results may vary materially from
those described in forward-looking information or forward-looking statements.
Accordingly, readers are advised not to place undue reliance on forward-looking
statements or forward-looking information. Except as required under applicable
securities legislation, the Company undertakes no obligation to publicly update
or revise forward-looking statements or forward-looking information, whether as
a result of new information, future events or otherwise.

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