Corporate

Terraco also announces that William Lamb has resigned, for time commitment purposes, from the board of directors of Terraco after over 6 years of dedication but will continue in an advisory role. "We are extremely grateful for Mr. Lamb's service and wish him continued luck and success in his efforts as President, CEO and a Director of Lucara Diamond Corp. ("Lucara"). William has led the growth of Lucara to over $1B in sales and a market capitalization of over $1.1B. I have had the honor of working with William for the past 8 years on both Terraco and Salares Lithium (sold to Talison Lithium) and look forward to his continued involvement as an advisor to Terraco", stated Todd Hilditch, CEO of Terraco.

William Lamb commented, "It has been a pleasure and a learning experience being part of the Terraco Board. The mechanisms used to drive shareholder value through non-dilutive financings and the transition of the Company from a gold exploration company to a dynamic royalty company has been an exciting and valuable experience. I am pleased to be able to continue to be part of Terraco's development as an advisor to the Board."