Terraco Gold Corp.

Terraco Gold Corp.

November 17, 2009 21:21 ET

Terraco Completes Bonanza Agreement

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Nov. 17, 2009) - Terraco Gold Corp. ("Terraco") (TSX VENTURE:TEN) is pleased to announce that it has completed the exploration and option agreement (the "Agreement") with Landen Capital Corp. ("Landen") as detailed and announced by Terraco on August 7, 2009.

Pursuant to the terms of the Agreement and in order for Landen to earn Terraco's interest in the Bonanza property, Landen must immediately issue 500,000 common shares to Terraco, spend an aggregate of US$1,200,000 on the Bonanza property within 5 years and pay to Terraco an aggregate of US$77,500 in cash lease payments.

Terraco is a mineral exploration company, listed on the Exchange under the symbol "TEN". Please visit Terraco's website at www.terracogold.com for additional information.

Neither the 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
    604.443-3830 or Toll free: 1.877.792.6688
    604.682-3860 (FAX)