Teranga Gold Corporation explores new opportunities with PSA and PRONTO-Xi Enterprise Software

Leading North American Pronto Software partner, PSA Inc. has been selected by Teranga Gold Corporation to implement PRONTO-Xi Enterprise Software for its international mining operations. End Quote

(1888PressRelease) April 11, 2011 - MISSISSAUGA, ON - PSA Inc. is pleased to announce that Teranga Gold Corporation has selected PRONTO-Xi enterprise software and PSA services to support its international mining operations. PRONTO-Xi, an award-winning enterprise resource planning (ERP) solution is an established player in meeting the needs of the mining community making it a perfect fit for Teranga. PRONTO-Xi will provide integrated financial reporting and consolidation tools along with multi-currency capabilities that will support its Senegalese and Canadian reporting requirements in a fully-integrated, scalable and comprehensive ERP solution.

Teranga Gold Corporation is a Canadian-based gold company fulfilling its vision to explore, discover and develop gold mines in West Africa. Traded on the Toronto Stock Exchange (TSX:TGZ) and the Australian Securities Exchange (ASX:TGZ), Teranga operates the Sabodala gold mine in Senegal, West Africa, the first large-scale gold mine to come into operation in Senegal. Sabodala currently has mineral reserves of 1.46 million ounces of gold and measured and indicated resources of 2.25 million ounces of gold. The region is emerging as a significant new gold camp, with more than 10 million ounces of resources already discovered. Headquartered in Toronto, Teranga's management team boasts extensive experience in the exploration, development and operation of gold mines in Africa.

"Teranga Gold Corporation had a very short window to evaluate and implement a new business management solution. In very short order PSA was able to understand our business requirements and provide a proven and solid mining solution with its professional services team and PRONTO-Xi" stated Teranga's Director of Finance, Katerina DeLuca. PRONTO-Xi is currently improving business insight and operational efficiencies for over 200 companies in some of the world's largest mining centres including Africa, Asia, Australia and North America. Known for its reliability and robustness, PRONTO-Xi mining customers benefit from real-time information in a cost-effective enterprise package. With PRONTO-Xi Dimensions set to be released in May 2011, PRONTO-Xi is the 'next-generation' smart ERP solution that is quick to implement and easy to use.

"PSA is looking forward to assisting Teranga Gold Corporation in the implementation of PRONTO-Xi" said Kevin Schell, General Manager for PSA. "PRONTO-Xi will provide a flexible, state-of the-art platform that will support their complex financial reporting requirements today, as well as support their future growth." Implementation of PRONTO-Xi is set to begin at Teranga Gold in both their Canadian and Senegal locations.

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