Terraco Gold Corp.

Terraco Gold Corp.

March 18, 2005 18:13 ET

Terraco Update


NEWS RELEASE TRANSMITTED BY CCNMatthews

FOR: TERRACO GOLD CORP.

TSX VENTURE SYMBOL: TEN

MARCH 18, 2005 - 18:13 ET

Terraco Update

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - March 18, 2005) - Terraco
Gold Corp. (TSX VENTURE:TEN) ("Terraco") has received the remaining
results of samples collected in January 2005, at the Bonanza Project, a
gold exploration property, in La Paz County, AZ.

The nearly three mile strike length of prospects sampled to date have
returned a majority of anomalous and often ore-grade gold values
sporadically along the length of the district-scale structural trend.
The additional samples augment the sample results released January 28,
2005 whereby 73 samples returned an average of 1.60 grams per tonne
("gpt")(0.05 ounces per ton ("opt")) gold not including a high grade
sample of 271 gpt (7.9 opt) gold collected from a narrow shear zone.

Several of the additional samples are anomalous in gold, with values
ranging up to 3.57 gpt (0.104 opt) gold. The above particular sample was
selected from the dump at the Golden Eagle Mine and consisted of
partially oxidized, pyritic granite and Bolsa Quartzite. Sulfide-related
gold mineralization occurring below the oxidation/reduction boundary
suggests that a credible gold-sulfide target may exist beneath oxidized
mineralization at the Bonanza project. Additional samples cut from
outcrop near the southwestern boundary of the Bonanza Project property
contained gold up to 0.725 gpt (0.021 opt gold). Samples collected were
submitted to ALS Chemex for assay.

Charles Sulfrian, P. Geo., VP Exploration for Terraco, is currently
completing evaluation and development work, including review of drill
bids, for a Phase I drill program.

Charles Sulfrian, P. Geo., is the qualified person responsible for the
technical information within this release.

Terraco also announces the resignation of Bonnie MacFarlane as Director
of Terraco. Terraco would like to thank Ms. MacFarlane for her years of
service to the Corporation.

On behalf of the Board of Directors of

TERRACO GOLD CORP.

Todd Hilditch, President


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Contact Information

  • FOR FURTHER INFORMATION PLEASE CONTACT:
    Terraco Gold Corp.
    Todd Hilditch
    President
    (604) 639-3199
    (604) 639-3197 (FAX)
    info@terracogold.com
    www.terracogold.com
    The TSX Venture Exchange has not reviewed and does not accept
    responsibility for the adequacy or accuracy of this release.