Teranga Gold Corporation announced that the annual and special meeting of shareholders of Teranga to be held on July 18, 2013. Shareholders will also be asked to vote on the election of directors at the meeting. Teranga's slate of nominees includes Alan Hill, Richard Young, Christopher Lattanzi, Alan Thomas, Frank Wheatley, Edward Goldenberg and Nicholas Limb.

Teranga also announced that Mr. Oliver Lennox-King has decided not to stand for re-election at the upcoming meeting and as such is not included in the current slate of nominees. Mr. Lennox-King has been a significant independent board member, serving on three committees and chairing the Corporate Governance Committee. With the signing of the Definitive Global Agreement with the Government of Senegal and with the proposed acquisition of Oromin, Mr. Lennox-King recognized that the board needed to increase its government relations capabilities and at the same time agreed that a seat needed to be offered to Mineral Deposits Ltd. Therefore, Mr. Lennox-King graciously offered to step down to allow for this transition in the board.

Director Nominee, Mr. Eddie Goldenberg was instrumental in representing Teranga in the recent negotiations with the Republic of Senegal that culminated in the Company's historic Definitive Global Agreement with the Government of Senegal on May 31, 2013, which resolved numerous tax, fiscal and operational issues and set the foundation for finally executing on the Company's consolidation strategy in Senegal.