CEO.CA Chairman's Briefing

TORONTO, ONTARIO--(Marketwired - May 2, 2017) - Teranga Gold Corporation ("Teranga" or the "Company") (TSX:TGZ)(ASX:TGZ) announced that all nominee directors listed in the Management Proxy Circular dated April 3, 2017 were elected as directors of the Company at its Annual and Special Meeting of Shareholders (the "Meeting") held earlier today in Toronto, Ontario. At this Meeting, 311,621,281 shares were voted, representing 58.06% of the Company's issued and outstanding common shares. All matters put forward for consideration by shareholders at the Meeting were approved, the voting results are set out below:

Election of Directors

Appointment of Auditor

Re-approval of Stock Option Plan

Approval of the Proposed Share Consolidation

About Teranga
Teranga is a multi-jurisdictional West African gold company focused on production and development as well as the exploration of more than 5,000km² of land located on prospective gold belts.

Since its initial public offering in 2010, Teranga has produced more than 1.2 million ounces of gold from its operations in Senegal. Following its recent acquisition of Gryphon Minerals, the Company is fast-tracking the completion of a feasibility study for the Banfora Project. Concurrent with its production and development activities, exploration programs are underway to seek to increase the Company's reserve base through resource conversion and making major new discoveries. Teranga has a strong balance sheet and the financial flexibility to continue to grow its business.

Steadfast in its commitment to set the benchmark for responsible mining, Teranga operates in accordance with the highest international standards and aims to act as a catalyst for sustainable economic, environmental, and community development as it strives to create value for all of its stakeholders. Teranga is a member of the United Nations Global Compact and a leading member of the multi-stakeholder group responsible for the submission of the first Senegalese Extractive Industries Transparency Initiative revenue report. The Company's 2015 responsibility report, which is available at www.terangagold.com/2015responsibilityreport, is prepared in accordance with its commitments under the United Nations Global Compact and in alignment with the Global Reporting Initiative guidelines.