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Press release from Marketwire

Teranga Gold Corporation Provides Notice of 2012 Annual General Meeting of Shareholders

Tuesday, March 27, 2012

Teranga Gold Corporation Provides Notice of 2012 Annual General Meeting of Shareholders09:00 EDT Tuesday, March 27, 2012TORONTO, ONTARIO--(Marketwire - March 27, 2012) - Teranga Gold Corporation (TSX:TGZ)(ASX:TGZ) is pleased to announce that it will hold its first Annual General Meeting of Shareholders on Thursday, March 29, 2012 at 9:30AM EST, at the offices of Stikeman Elliott LLP, Main Board Room, 53rd Floor, 199 Bay Street, Toronto, ON.Via Webcast:A live webcast of the Meeting will be available on the Company's website: http://www.terangagold.com/English/Investors/CalendarofEvents/CalendarofEventsDetails/2012/TheAnnualGeneralMeetingofShareholders/default.aspx.The webcast can be directly accessed using the following link: http://www.gowebcasting.com/3235. Via Telephone:For those participating by telephone, North American callers please dial Toll-free 1-877-440-9795. International callers please dial Toll-free 1-800-9559-6849 or 1-416-340-8530.Replay archive:Please dial 1-905-694-9451 or Toll-free 1-800-408-3053 pass code 7781377. The Meeting replay will be accessible for two weeks following the meeting. The webcast along with presentation slides will be archived for one year on the Company website. About TERANGA Teranga Gold Corporation 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. Teranga was created to acquire the Sabodala gold mine and a large regional exploration land package, located in Senegal, West Africa. Management believes the mine operation, together with the Company's prospective land package of approximately 1,500km² provides the basis for growth in reserves, production, earnings and cash flow as new discoveries are made and processed through the Company's existing mill. The Sabodala Gold Operation, which came into operation in 2009, is located 650 kilometres east of the capital Dakar within the West African Birimian geological belt in Senegal, and about 90 kilometres from major gold mines and discoveries in Mali. FOR FURTHER INFORMATION PLEASE CONTACT: Kathy SiposTeranga Gold CorporationVice-President of Investor & Stakeholder Relations+1 416-594-0000+1 416-594-0088 (FAX)ksipos@terangagold.comwww.terangagold.com