Terraco Gold Deploys Third Core Righ To Almaden

VANCOUVER, BC - Terraco Gold Corp. reported 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 advanced-stage project has excellent access, infrastructure and now includes over 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 company's address is 960-1055 W. Hastings Street, Vancouver, BC V6E 2E9, 604-443-3830, fax: 604-682-3860, email: [email protected].