VANCOUVER, BRITISH COLUMBIA--(Marketwire - June 22, 2012) - Terrace Energy Corp. (TSX VENTURE:TZR) (the "Company") is pleased to announce that Kenneth Shannon has been elected to the board of directors of the Company and Deborah Cotter has been appointed as the Company's new Corporate Secretary.

About Terrace Energy

Terrace Energy is an oil & gas development stage company that is focused on unconventional oil extraction in onshore areas of the United States. It currently has two principal properties situated in Texas with targets in the "Olmos" and "Eagle Ford" formations.

APPROVED BY

Eric Boehnke, Chief Executive Officer