Terraco Gold Corp. Announces Approval for Extension of Warrant Expiry Date

VANCOUVER, BRITISH COLUMBIA--(Marketwired - July 28, 2017) - Terraco Gold Corp. ("Terraco" or the "Company") (TSX VENTURE:TEN) announces that further to its news release of July 18, 2017, the TSX Venture Exchange ("TSX-V") has approved the Company's application to extend the expiry date of the 4,420,698 common share purchase warrants ("Warrants") in accordance with TSX-V Policy 4.1. The term of the Warrants has been extended to expire on July 31, 2019. All other terms of the Warrants remain the same.

About Terraco

Terraco is a gold royalty company with a royalty portfolio that is currently focused largely on or around the multi-million ounce Spring Valley Gold Project located in Pershing County, Nevada.

The Company is listed on the TSX Venture Exchange under the symbol "TEN". Please visit the Company's website at www.terracogold.com for additional information.

On Behalf of the Company:

Todd Hilditch, President and CEO

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.

Forward-Looking Statements

This news release contains forward-looking statements. Although the Company believes that the expectations reflected in these forward-looking statements are reasonable, undue reliance should not be placed on them because the Company can give no assurance that they will prove to be correct. Since forward-looking statements address future events and conditions, by their very nature, they involve inherent risks and uncertainties. Additional information on these and other factors that could affect the Company's operations and financial results are included in reports on file with Canadian securities regulatory authorities and may be accessed through the SEDAR website (www.sedar.com).