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Joint News Release Of Terrace Ventures Inc. (TVER) And Pengram Corporation (PNGM) -- Golden Snow Project Update

About Terrace Ventures Inc. (TVER)

Terrace's business plan is to assemble a portfolio of mineral properties with gold potential and to engage in the exploration and development of these properties.  Terrace currently has an option agreement to acquire up to a 75% interest in Pengram's Golden Snow Property.

Investor Contact for Terrace:       Tel: (360) 220-5218

About Pengram Corporation (PNGM) www.pengramgold.com

Pengram Corporation (PNGM) is an exploration-stage company.  Pengram is engaged in the acquisition and exploration of properties to search for gold mineralization in Canada and the United States. In Nevada, the Company controls 168 claims covering approximately 4.4 square miles.   In Canada, Pengram controls 8,372 acres (3,388 hectares) in the historically prolific Cariboo Mining District.

Investor Contact for Pengram:       Tel: (877) 225-8808       info@CapitolFinancialMedia.com



Forward Looking Statement



Statements in this news release that are not historical facts are forward-looking statements that are subject to risks and uncertainties. Words such as "expects," "intends," "plans," "may," "could," "should," "anticipates," "likely," "believes" and words of similar import also identify forward-looking statements. Forward-looking statements are based on current facts and analyses and other information that are based on forecasts of future results, estimates of amounts not yet determined and assumptions of management. The statements regarding future exploration on the Golden Snow Project in this news release are forward-looking statements. Such statements are based on current expectations. Actual results could vary materially from the description contained herein due to many risk factors; in particular, there is no assurance that Terrace will obtain the financing necessary to complete the recommended work program and the additional requirements to earn its 75% interest in the property.  There is also no assurance that exploration work on the Golden Snow Property will result in a discovery of a commercial body of ore.  The forward-looking statements contained in this news release speak only as of the date on which they are made, and neither Terrace nor Pengram undertakes any obligation to update any forward-looking statement to reflect events or circumstances after the date of this press release.

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