TSX.V: TSX.V: TENTENSeptember 2010September 2010

Certain information contained or incorporated by reference in this presentation and related material, including any information as to our strategy, plans or future financial or operating performance and other statements that express management’s expectations or estimates of future performance, constitutes forward-looking statements. All statements, other than statements of historical fact, are “forward-looking statements”. Generally “forward-looking statements” can, but not always, be identified by the use of forward-looking terminology such as “plans”, “expects” or “does not expect”, “budget”, “envisages”, “schedule”, “estimates”, “forecasts”, “proposes”, “intends”, “anticipates “ or “does not anticipate”, or “believes”, or variations of such words and phrases, or statements that certain actions, events or results “may”, “could”, “would”, “might” or “will” be taken, occur or be achieved. Forward-looking statements are necessarily based on a number of estimates and assumptions that, while considered reasonable by the Corporation, are inherently subject to significant business, economic and competitive uncertainties and contingences. Known and unknown risks, uncertainties and other factors may cause the actual results to differ materially from those projected in the forward-looking statements and those forward-looking statements are not guarantees of future performance. Such factors include, but are not limited to: the interpretation of drill results and the estimation of mineral resources and mineral reserves, the geology, grade and continuity of mineral deposits, the possibility that future exploration, development or mining results will not be consistent with the Corporation’s expectations, metal price fluctuations, environmental and regulatory requirements, availability of permits, accidents, equipment breakdowns, title matters, labour disputes or other unanticipated difficulties with or interruptions in exploration or development activities, the inherent uncertainty of production and cost estimates and the potential for unexpected costs and expenses, commodity price fluctuations, currency fluctuations, failure to obtain adequate financing on a timely basis, and other risks and uncertainties. Should one or more of these risks and uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those expressed or implied in forward-looking statements made by or on behalf of the Corporation . Accordingly, readers are advised not to place undue reliance on forward-looking statements. Except as required under applicable securities legislation, the Corporation undertakes no obligation to publicly update or revise forward-looking statements, whether as a result of new information, future events or otherwise.The Corporation has not done the work necessary to verify any mineral resources currently present at or postulated for the projects. The historical assays and production figures are non-National Instrument 43-101 compliant.

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Safe Harbor StatementSafe Harbor Statement

HighlightsHighlights

Properties generated by two proven mine findersProperties generated by two proven mine finders

Lead property adjoins Barrick’s Spring Valley JVLead property adjoins Barrick’s Spring Valley JV

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Nevada Property MapNevada Property Map

MoonlightMoonlight

MiddlegateMiddlegate

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Moonlight ProjectMoonlight ProjectPershing County, NVPershing County, NV

21 miles northeast of 21 miles northeast of Lovelock, Nevada in the Lovelock, Nevada in the Humboldt Range.Humboldt Range.

Regional Proximity to Regional Proximity to historic success:historic success:

-Rochester, Unionville-Rochester, Unionville

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Moonlight DistrictMoonlight DistrictDeveloping Humboldt TrendDeveloping Humboldt Trend

7 Square miles property package

Adjoins Barrick/Midway Spring Valley JV Project

New Nevada precious metals trend.

The district has reportedly yielded more than 125 million ounces of silver and 1,500,000 ounces of gold (Non 43-101 compliant).

Note: Ag:Au ratio’s are for illustrative Note: Ag:Au ratio’s are for illustrative purposes only. Non 43-101 compliant.purposes only. Non 43-101 compliant.

Ag:Au100:1

Ag:Au1:1

Ag:Au2:1

Ag:Au2:1

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Coeur d’alene Coeur d’alene Rochester Mine is 5 Rochester Mine is 5 miles south.miles south.

Rochester produced Rochester produced 125 million oz of silver 125 million oz of silver and 1 million oz of gold. and 1 million oz of gold.

One of the largest One of the largest producing silver mines in producing silver mines in North America over the North America over the past 20 years. past 20 years.

Elephant Country Elephant Country The Rochester MineThe Rochester Mine

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Moonlight ProjectMoonlight ProjectPershing County, NVPershing County, NV

Looking southeast from the Moonlight property towards Looking southeast from the Moonlight property towards Barrick/Midway Spring Valley and Coeur’s Rochester MineBarrick/Midway Spring Valley and Coeur’s Rochester Mine

Terraco Gold Corp. Moonlight Project

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JV with Barrick

Moonlight ProjectMoonlight ProjectPershing County, NVPershing County, NV

Looking north over Moonlight propertyLooking north over Moonlight property

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Moonlight BasinMoonlight Basin

Alluvium cover resulting from erosion of Humboldt Anticline, the possible Alluvium cover resulting from erosion of Humboldt Anticline, the possible ceiling fluid trap to the local basin(s). Provides hidden targets like at ceiling fluid trap to the local basin(s). Provides hidden targets like at

Spring Valley.Spring Valley.

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One of the highest producing gold One of the highest producing gold placer districts in the history of placer districts in the history of Nevada. Note the placers Nevada. Note the placers downstream from each of the downstream from each of the basins.basins.

Spring Valley placers produced up Spring Valley placers produced up to 100,000 oz gold, while the to 100,000 oz gold, while the district produced up to 500,000 of district produced up to 500,000 of placer gold from others including placer gold from others including Dry Gulch, American Canyon and Dry Gulch, American Canyon and Indian Creek at Moonlight.Indian Creek at Moonlight.

Note the structural control of the Note the structural control of the Black Ridge Fault coming from the Black Ridge Fault coming from the southsouth..

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District PlacersDistrict Placers

3 units comprise the core of the 3 units comprise the core of the Humboldt Range and are the Humboldt Range and are the host rocks for precious metal host rocks for precious metal deposits at Spring Valley and deposits at Spring Valley and the Rochester Mine.the Rochester Mine.

Midway’s Spring Valley basin Midway’s Spring Valley basin hosts the covered or “blind” hosts the covered or “blind” Pond Deposits.Pond Deposits.

Terraco’s Moonlight Basin Terraco’s Moonlight Basin appears to be very similar to appears to be very similar to Spring Valley. Spring Valley.

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Basin Prominence Basin Prominence

Barrick/Midway JV = NI 43-101 Barrick/Midway JV = NI 43-101 resource of 1,835,000 ounces of gold to resource of 1,835,000 ounces of gold to date. (Last updated Dec 2008)date. (Last updated Dec 2008)

The JV requires >= $5 million to be The JV requires >= $5 million to be spent by Barrick in 2010. The JV calls spent by Barrick in 2010. The JV calls for Barrick to spend $30 million by for Barrick to spend $30 million by December 2013 for 60% ownership. December 2013 for 60% ownership. Barrick the option to purchase up to Barrick the option to purchase up to 70% if Spring Valley goes into 70% if Spring Valley goes into production.production.

Barrick drilling returned 339 ft of Barrick drilling returned 339 ft of 0.037 opt Au, 52.5 ft of 0.889 opt Au0.037 opt Au, 52.5 ft of 0.889 opt Au & & 5 ft of 9.101 opt Au5 ft of 9.101 opt Au

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Barrick/Midway JVBarrick/Midway JV

Limerick Basin Target

Moonlight Basin

“All of Midway’s exploration permits have been assigned to Barrick so they may test to the north and south of the resource where there are untested area’s with unmistakable potential for growth.”

--- November 30, 2009 Midway Press Release

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Good Neighbours Good Neighbours

Moonlight ProjectMoonlight ProjectDrilling to dateDrilling to date

Initial drilling of the Moonlight BasinInitial drilling of the Moonlight Basin15 reverse circulation holes totaling 9,990 feet.15 reverse circulation holes totaling 9,990 feet.

Anomalous gold and silver mineralization spans Anomalous gold and silver mineralization spans the basin.the basin.

8 of 15 holes included anomalous silver.8 of 15 holes included anomalous silver.

2 of the 8 holes included anomalous gold.2 of the 8 holes included anomalous gold.

Northeast of the Moonlight BasinNortheast of the Moonlight Basin 8 of 9 holes included anomalous silver. 8 of 9 holes included anomalous silver.

Identified high-grade silver one mile north of the Identified high-grade silver one mile north of the Moonlight Basin between two past producing Moonlight Basin between two past producing silver mines (Phlueger & Moonlight).silver mines (Phlueger & Moonlight).

Hole TML 27 included 5 feet of 6.14 opt silver Hole TML 27 included 5 feet of 6.14 opt silver within 80 feet of 1.03 opt silver.within 80 feet of 1.03 opt silver.

Hole TML 24 included 5 feet of 3.37 opt silver Hole TML 24 included 5 feet of 3.37 opt silver within 70 feet of 0.55 opt silver.within 70 feet of 0.55 opt silver.

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Moonlight ProjectMoonlight Project

Post Phase I Sampling (east of Phase IPost Phase I Sampling (east of Phase I

Drilling)Drilling)

Samples taken from a dump reported 11.86 Samples taken from a dump reported 11.86 gpt (0.345 opt) gold and 139 gpt (4.054 opt) gpt (0.345 opt) gold and 139 gpt (4.054 opt) silver.silver.

A 5-foot chip sample reported 4.77 gpt (0.139 A 5-foot chip sample reported 4.77 gpt (0.139 opt) gold and 74.1 gpt (2.161 opt) silver.opt) gold and 74.1 gpt (2.161 opt) silver.

Terraco has completed 25 drill holesTerraco has completed 25 drill holes

to date at Moonlight.to date at Moonlight.

Drilling spring 2010 to test northern Drilling spring 2010 to test northern mineralization extension to the mineralization extension to the Barrick/Midway JVBarrick/Midway JV

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Moonlight Project GeophysicsMoonlight Project Geophysics

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Drill Targets

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MiddlegateMiddlegateChurchill County, NVChurchill County, NV

Five miles southwest of the Five miles southwest of the town of Middlegate Churchill town of Middlegate Churchill County, Nevada. County, Nevada.

Regional Proximity to historic Regional Proximity to historic success:success:

-Paradise Peak, Wonder, -Paradise Peak, Wonder, Fairview & Rawhide.Fairview & Rawhide.

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MiddlegateMiddlegate

Property generated by Ken Snyder, PhD, Property generated by Ken Snyder, PhD, P.Geo.P.Geo.

Rock Samples reported:Rock Samples reported:

Main Pit:Main Pit:

-9.2 gpt (0.268 opt) gold -9.2 gpt (0.268 opt) gold

-38.5 gpt (1.12 opt) silver.-38.5 gpt (1.12 opt) silver.

East of Main Pit:East of Main Pit:

-5.0 gpt (0.146 opt) gold -5.0 gpt (0.146 opt) gold

- 39.7 gpt (1.16 opt) silver- 39.7 gpt (1.16 opt) silver

-6.44 gpt (0.207 opt) gold.-6.44 gpt (0.207 opt) gold.

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MiddlegateMiddlegate

Phase I DrillingPhase I Drilling

Terraco intersected a large altered zone Terraco intersected a large altered zone from surface to 245 feet. Drilling from surface to 245 feet. Drilling included anomalous gold in 6 of 8 holes included anomalous gold in 6 of 8 holes during Phase I drilling.during Phase I drilling.

Additional drilling under discussion.Additional drilling under discussion.

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Corporate ProfileCorporate Profile President & CEO Todd Hilditch, BSc FinanceTodd Hilditch, BSc Finance

Directors Todd Hilditch, BSc FinanceTodd Hilditch, BSc Finance

William LambWilliam Lamb

Alfred Fischer, P. Geo.Alfred Fischer, P. Geo.

Richard Delong, P. Geo.Richard Delong, P. Geo.

Advisory Committee Geological: Ken Snyder, PhD, P. Geo.Geological: Ken Snyder, PhD, P. Geo.

Financial: Dr. Michael BerryFinancial: Dr. Michael Berry

Harrison Nesbitt Harrison Nesbitt

Alex MacDougallAlex MacDougall

Matt JohnstonMatt Johnston

Vice President, Exploration Charles Sulfrian, P. Geo.Charles Sulfrian, P. Geo.

Chief Financial Officer Bryan McKenzie, CABryan McKenzie, CA

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Capital StructureCapital Structure

Shares Outstanding 46,516,691

Options 2,995,0002,995,000

Warrants4,000,000

Fully Diluted 53,511,691

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PerformancePerformance

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Thank YouThank You