Terraco Gold Corp.

Terraco Gold Corp.

September 10, 2010 07:00 ET

Terraco Appoints William Lamb as Director

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Sept. 10, 2010) - Terraco Gold Corp. (TSX VENTURE:TEN) (the "Company") is pleased to announce that effective immediately Mr. William Lamb has joined its Board of Directors.

Mr. Lamb has over two decades of experience in the mining operations and project development industry. Having obtained a NHD in Extraction Metallurgy for the Technicon of the Witwatersrand, he worked for Rand Mines, gaining production experience in the gold, platinum, chrome and coal sectors. In 1994, Mr. Lamb joined De Beers working as a research officer in the Johannesburg based research laboratories. Three years later he joined Kvaerner Metals as their lead process design engineer, responsible for all metallurgical design aspects of the non-ferrous division. After focusing on heavy mineral concentration design, Mr. Lamb returned to De Beers as their Dense Medium Service Specialist. Mr. Lamb transferred to De Beers Canada Inc. in 2002 as their Metallurgical Superintendent, responsible for process design and certain project management aspects of the Canadian projects. In 2005 Mr. Lamb took up the role of Process Manager for the Victor mine in Northern Ontario. After completing an MBA through the Edinburgh Business School, Mr. Lamb joined the Lundin Group (May 2008) and is now Chief Executive Officer and a Director of Lucara Diamond Corp.

The Company would also like to announce the resignation of Mr. Terry Lashman from the Board of Directors effective immediately and thank Mr. Lashman for his long serving role as a Director of the Company.

In addition, the Company also announces that it granted today 2,700,000 incentive stock options to directors, officers and consultants of the Company pursuant to its Stock Option Plan. These options will be exercisable at a price of $0.14 per share and will expire on September 9, 2013.

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.

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

Contact Information

  • Terraco Gold Corp.
    Todd Hilditch
    President and CEO
    604.443.3831 or Toll free: 1.877.792.6688
    604.682.3860 (FAX)