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*Terrane Metals Corp. 
Listed Company 

TERRANE METALS CORP. ("TRX.WT")
BULLETIN TYPE: Warrant Expiry-Delist
BULLETIN DATE: June 14, 2012
TSX Venture Tier 1 Company

Effective at the opening, June 18, 2012, the Share Purchase Warrants of the Company will trade for cash. The Warrants expire Thursday, June 21, 2012 and will therefore be delisted at the close of business Thursday, June 21, 2012.

TRADE DATES

June 18, 2012 - TO SETTLE - June 19, 2012
June 19, 2012 - TO SETTLE - June 20, 2012
June 20, 2012 - TO SETTLE - June 21, 2012
June 21, 2012 - TO SETTLE - June 21, 2012

The above is in compliance with Trading Rule C.2.18 - Expiry Date:
Trading in the warrants shall be for cash for the three trading days preceding the expiry date and also on expiry date. On the expiry date, trading shall cease at 12 o'clock noon E.T. and no transactions shall take place thereafter except with permission of the Exchange.
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