Terraco Gold Corp. announced that it has entered into an exploration and option agreement dated August 5, 2009 with Landen Capital Corp., pursuant to which Terraco has granted Landen a 5 year option to acquire Terraco's undivided interest in the Bonanza Property. Bonanza is a gold exploration property located in La Paz County, Arizona. Terraco holds its interest in Bonanza through a mining lease agreement with Jim Butt of Monticello, Utah. Landen is a 'capital pool company' under the policies of the Exchange and as such, the transaction contemplated by the Agreement will represent Landen's qualifying transaction (the 'QT') and is subject to the approval of the Exchange. Pursuant to the terms of the Agreement and in order to earn Terraco's interest in Bonanza, Landen must spend an aggregate of $1,200,000 on Bonanza in work commitments ($100,000 in years one and two, $200,000 in year three, $300,000 in year four and $500,000 in year five). The $100,000 to be spent in year one is a firm commitment of Landen; pay to Terraco an aggregate of $77,500 in cash lease payments ($5,000 upon execution of the Agreement, $7,500 in year one, $15,000 in year two and $25,000 in years three and four); and issue to Terraco 500,000 common shares of Landen upon completion of the QT.

Terraco Gold Corp. reported un-audited consolidated earnings results for the third quarter and nine months ended April 30, 2009. For the quarter, the company reported net loss and comprehensive loss of CAD 96,637 compared to CAD 90,668 and net cash used in operating activities was CAD 92,950 compared to CAD 115,745 for the same quarter last year. For the nine months, the company reported net loss and comprehensive loss of CAD 356,212 or CAD 0.01 per basic and diluted share compared to CAD 523,262 or CAD 0.01 per basic and diluted and net cash used in operating activities was CAD 579,780 compared to CAD 396,318 for the same period last year.

Terraco Gold Corp. reported earnings results for the second quarter and six months ended January 31, 2009. For the quarter, the company reported net loss and comprehensive loss of CAD 133,810 or CAD 0.00 basic and diluted per share compared with net loss and comprehensive loss CAD 46,442 or CAD 0.00 basic and diluted per share in the same period last year. Net cash used in operating activities was CAD 198,586 compared to CAD 178,320 in the same period last year. For the six months, the company reported net loss and comprehensive loss of CAD 259,575 or CAD 0.01 basic and diluted per share compared with net loss and comprehensive loss CAD 432,594 or CAD 0.01 basic and diluted per share in the same period last year. Net cash used in operating activities was CAD 485,802 compared to CAD 280,572 in the same period last year.