Teranga Provides Notice of Release of First Quarter 2013 Operating Results for ASX Purposes, Guidance Update, Conference Call and Webcast

TORONTO, ONTARIO -- (Marketwired) -- 04/25/13 -- Teranga Gold Corporation (TSX: TGZ)(ASX: TGZ) announced today that it will release its first quarter 2013 operating results for ASX listing purposes and will provide updated guidance for 2013 on Monday, April 29, 2013, after market close in Toronto. Following the release, the Company will host a conference call and webcast which will be available on replay for those that are not able to participate.

                         Conference Call and Webcast

             Toronto: Monday, April 29, 2013 at 6:00 PM (E.S.T.)
             Sydney: Tuesday, April 30, 2013 at 8:00 AM (E.D.T.)

Via Telephone:

To participate on the conference call, please see the dial-in details below:

--  Toronto: 416-340-2216
--  North America toll-free: 1-866-226-1792
--  International: +1-416-340-2216

Via Webcast:

The webcast will be available on the Company's website: http://www.terangagold.com/English/Investors/Presentations-and-Webcasts/default.aspx#webcasts.

The webcast can be accessed directly using the following link: http://www.gowebcasting.com/4320.

Replay archive:

Please dial 1-905-694-9451 or toll-free 1-800-408-3053, passcode: 9383682.

The conference call replay will expire two weeks after the call.

About TERANGA

Teranga is a Canadian-based gold company listed on the Toronto Stock Exchange (TSX: TGZ) and Australian Securities Exchange (ASX: TGZ). Teranga is principally engaged in the production and sale of gold, as well as related activities such as exploration and mine development.

The Company's mission is to create value for all of its stakeholders through responsible mining. Its vision is to explore, discover and develop gold mines in West Africa, in accordance with the highest international standards, and to be a catalyst for sustainable economic, environmental and community development. All of its actions from exploration, through development, operations and closure will be based on the best available techniques.

Forward-Looking Statements

This news release contains certain statements that constitute forward-looking information within the meaning of applicable securities laws ("forward-looking statements"). Such forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements of Teranga, or developments in Teranga's business or in its industry, to differ materially from the anticipated results, performance, achievements or developments expressed or implied by such forward-looking statements. Forward-looking statements include all disclosure regarding possible events, conditions or results of operations that is based on assumptions about future economic conditions and courses of action. The words "poised", "gives", "expect", "its vision", "plan", "support", "assist", "commit to", "will not", "intend", "intends to" and similar expressions identify forward looking statements. Forward-looking statements may also include, without limitation, any statement relating to future events, conditions or circumstances. Teranga cautions you not to place undue reliance upon any such forward-looking statements, which speak only as of the date they are made. There is no guarantee that definitive amendments to the Company's mining and exploration licenses will be agreed to in accordance with the terms of this news release. The risks and uncertainties that may affect forward-looking statements include, among others: economic market conditions; and other risks detailed from time to time in Teranga's filings with Canadian provincial securities regulators. Forward-looking statements are based on management's current plans, estimates, projections, beliefs and opinions, and, except as required by law, Teranga does not undertake any obligation to update forward-looking statements should assumptions related to these plans, estimates, projections, beliefs and opinions change. Nothing in this news release should be construed as either an offer to sell or a solicitation to buy or sell Teranga securities.

Contacts:

Teranga Gold Corporation

Kathy Sipos

Vice-President, Investor & Stakeholder Relations

+1 416-594-0000
ksipos@terangagold.com
www.terangagold.com