REVISED: Teranga Gold Corporation to Release Q2 2012 Results August 15, 2012

TORONTO, ONTARIO--(Marketwire - Aug. 7, 2012) - Teranga Gold Corporation (TSX:TGZ)(ASX:TGZ) announced a revision to the date that it will release its full financial and operating second quarter results which will be Wednesday, August 15, 2012, before market open, following which the Company will host a Conference Call and Webcast.

Conference Call and Webcast

Wednesday, August 15, 2012 at 9:00 AM (E.S.T.)

Via Telephone:

Toronto callers please dial 416-695-6616, those dialing in from elsewhere in North America please dial toll-free 800-766-6630 and International callers please dial toll-free 800-4222-8835.

Via Webcast:

The webcast will be available on the Company's website: http://www.terangagold.com/English/Investors/Presentations-and-Webcasts/default.aspx.

The webcast can be accessed directly using the following link: http://www.gowebcasting.com/3614.

Replay archive:

Please dial 905-694-9451 or Toll-free 800-408-3053, access code 1501740. The conference call replay will expire in two weeks.

The webcast along with presentation slides will be archived for one year on the Company website.

About TERANGA

Teranga Gold Corporation is a Canadian-based gold company listed on the Toronto Stock Exchange (TSX:TGZ) and Australian Securities Exchange (ASX:TGZ). Teranga is principally engaged in the production and sale of gold, as well as related activities such as exploration and mine development.

Teranga was created to acquire the Sabodala gold mine and a large regional exploration land package, located in Senegal, West Africa, from Mineral Deposits Limited. Management believes the mine operation, together with the Company's prospective 1,450 km² land package, provides the basis for growth in reserves, production, earnings and cash flow as new discoveries are made and processed through the Company's existing mill.

The Sabodala Gold Operation, which came into operation in 2009, is located 650 kilometres east of the capital Dakar within the West African Birimian geological belt in Senegal, and about 90 kilometres from major gold mines and discoveries in Mali.

The Company's mission is to create value for all of its stakeholders through responsible mining. Its vision is to explore, discover and develop gold mines in West Africa, in accordance with the highest international standards, and to be a catalyst for sustainable economic, environmental and community development. All of its actions from exploration, through development, operations and closure will be based on the best available techniques.