Terrace Energy Appoints New Executives

VANCOUVER, Oct. 16, 2013 /CNW/ - Terrace Energy Corp. (the "Company or 
Terrace") (TSXV: TZR) (OTCQX:TCRRF) (FRANKFURT:2TR) is very pleased to 
announce the following executive appointments: 
Dave Gibbs has been appointed President and Chief Executive Officer of the 
Company effective immediately. Mr. Gibbs has been the Company's President 
since June 2011 and has over 35 years of previous experience in both technical 
and executive leadership roles in the upstream oil & gas industry with a 
successful track record of creating and growing exploration and production 
companies. He has extensive knowledge of reservoir engineering and project 
evaluation as well as operations and project management skills on large-scale 
domestic and international oil & gas operations. 
Eric Boehnke, the Company's former Chief Executive Officer, has been appointed 
Executive Vice Chairman of the Company, also effective immediately. 
Eric Boehnke commented: "These executive changes are part of the Company's 
transitioning from an entrepreneurial start-up to a management-led oil & gas 
operations company. Dave has demonstrated his ability to lead the Company into 
the future and the Board of Directors are pleased he has accepted the 
challenge." 
George Morris has agreed to join Terrace as Chief Operating Officer of the 
Company. His appointment will become effective October 21, 2013. Mr. Morris 
has a career spanning over thirty five years of hands-on experience in 
reservoir, drilling and production engineering activities as well as directing 
acquisition and exploitation efforts for both large and small E&P companies. 
Mr. Morris was most recently the Chief Operating Officer of ATP Oil & Gas 
[2008-2013] and Chief Operating Officer of Chroma Exploration & Production 
[2004-2008]. Prior to these appointments, Mr. Morris held executive and 
management positions with TDC Energy, Burlington Resources, Louisiana Land and 
Exploration, Nerco Oil & Gas and Union Texas Petroleum. Mr. Morris has 
concentrated experience in the Gulf of Mexico, Texas and Louisiana Gulf Coast, 
East Texas and West Texas. 
Dan Carriere, the Company's Chairman, commented: "The Company is entering a 
very exciting growth period. The Board of Directors welcomes the timely 
addition of George to our Houston office to assist Dave and the rest of our 
team with the smooth execution of our strategic plan." 
Subject to the approval of the TSX Venture Exchange, the Company will grant an 
aggregate of 950,000 restricted share units ("RSUs") to certain Houston based 
officers and employees of the Company, including Mr. Gibbs and Mr. Morris (the 
"RSU Recipients"). The RSUs are intended to incentivize and align the 
interests of the RSU Recipients with the interests of the shareholders. 
Each RSU will represent the right to receive one common share of the Company 
upon vesting.  Unless otherwise approved by the Board, all of the RSUs will 
vest upon the occurrence of a change of control transaction. 
In the absence of a change of control transaction or other acceleration of the 
vesting date by the Board, any unvested RSUs will expire five years from the 
date of grant. 
About Terrace Energy 
Terrace Energy is an oil & gas development stage company that is focused on 
unconventional oil extraction in onshore areas of the United States, 
particularly in South Texas. 
ON BEHALF OF THE BOARD OF DIRECTORS 
Dan Carriere, Chairman 
For further information please contact: terrace@terraceenergy.net 
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.
 

SOURCE  Terrace Energy Corp. 
terrace@terraceenergy.net www.terraceenergy.net 
Canadian Address Suite 1012-1030 W Georgia St. Vancouver B.C. V6E 2Y3 Ph: 604 
282-7897 Fax: 604 629-0418  US Address Suite 407-202 Travis Street, Houston 
Texas 77002 Ph: 713.227.0010   
To view this news release in HTML formatting, please use the following URL: 
http://www.newswire.ca/en/releases/archive/October2013/16/c4130.html 
CO: Terrace Energy Corp.
ST: British Columbia
NI: OIL NASDAQ 2575 WNEWS  
-0- Oct/16/2013 12:00 GMT
 
 
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