Terrace Energy Corp.
TSX VENTURE : TZR

July 15, 2011 20:00 ET

Terrace Appoints New Director

VANCOUVER, BRITISH COLUMBIA--(Marketwire - July 15, 2011) - The directors of Terrace Energy Corp. (TSX VENTURE:TZR) (the "Company") are pleased to announce that Dan Carriere has been appointed to the board of directors of the Company.

Mr. Carriere has been granted incentive options under the Company's Stock Option Plan entitling him to purchase up to 250,000 common shares in the capital of the Company at the price of $0.19 per share within five years after the date hereof, subject to the vesting of 10% of the options on the date of grant and 15% every six months thereafter.

APPROVED BY THE BOARD OF DIRECTORS

Bill McCartney, Director

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

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