TSX-V TZR.V last: 0.01 vol: 30000 OTCQX TCRRF last: 0.01 vol: 0 Germany: 2TR last: €0 vol: €0

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Terrace Names New Chief Financial Officer

Vancouver, BC October 18, 2016 – Terrace Energy Corp. (the “Company”) (TSXV: TZR, OTCQX: TCRRF; FRANKFURT: 2TR) is pleased to announce the appointment of Jennie Choboter as its Chief Financial Officer.

Ms. Choboter served as the Company’s Chief Financial Officer during its formative years and thereafter as an accounting and financial consultant to the Company.

Ms. Choboter is a Chartered Accountant with over 30 years of extensive experience in financial management and general corporate governance. She obtained her Bachelor of Commerce degree from the University of Calgary in 1976. She has held a number of senior financial management positions in a wide variety of industries including natural resources, technology, pulp and paper and insurance.

Ms. Choboter is replacing Keith Godwin who has resigned to pursue another Houston-based opportunity in the oil & gas industry. The Management and Board of Directors of the Company wish to thank Mr. Godwin for his excellent service during his tenure with the Company.

About Terrace Energy

Terrace Energy is an oil & gas development stage company that is focused on unconventional oil & gas extraction in onshore areas of the United States, particularly in South Texas.

For further information please contact the Company at: terrace@terraceenergy.net
Suite 407-202 Travis Street. Houston, Texas 77002
Ph: 713.227.0010 Fx: 713.227.0492

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.