Teranga Gold Receives United Nations Global Compact Network Canada Sustainability Award

“As the first industrial gold mine in Senegal, we feel it is important to set the benchmark for responsible mining in the country,” stated Richard Young, President and Chief Executive Officer of Teranga. “This award from the United Nations Global Compact Network Canada supported by all of our voters validates our hard work and the tremendous progress we have made to-date in addressing the needs of the local communities in the areas of food security, youth education and training, and sustainable economic growth, which are the pillars of our Teranga Regional Development Strategy (“TDS”).”

Added Mr. Young, “We are proud of the progress we have made in implementing the TDS and its 78 actions which were established to address the community’s short and long-term sustainable development requirements. Through the TDS, we have integrated the SDGs best practices into all aspects of the mine life cycle from mitigating our impacts on the environment and our communities to sharing the benefits through our social fund investments, local procurement practices and long-term development partnerships.”

Teranga’s SDG Priorities

The Company puts significant time and resources into initiatives that address the highest priority needs of the Kedougou and Tambacounda regions, the areas surrounding its operations, facilitating the advancement of the specific SDGs outlined below:


— SDG #2 “No Hunger”: In an effort to develop local agriculture and food

security, Teranga has created a market garden program that helps more

than 600 women from the local communities create sustainable

livelihoods. As well, the Company is working with the communities to

improve animal health and husbandry skills, particularly in the poultry

sector, through the donation of equipment and technical services.

— SDG #4 “Quality Education”: Teranga is a strong advocate of local youth

education, providing a number of bursaries (to high school and secondary

level students), hands-on vocational skills training (focusing on

agricultural skills and technical maintenance), and equipment and

infrastructure to schools benefiting 1,850 pupils.

— SDG #8 “Good Jobs and Economic Growth”: Teranga employs 1,032 Senegalese

out of a total 1,126 employees, of which 52% are specifically from the

Kedougou and Tambacounda regions. The Company prioritizes employee

progression and promotion over external hiring, with close to 200

employees having progressed and or been promoted in 2015. Over 40

training programs ranging from literacy to business skills development

are provided to employees. Teranga is also focused on sustainable

economic growth initiatives, such as the revival of the once prolific

cotton industry and local procurement skills development, that will

provide economic benefits well beyond its life of mine.

— SDG #17 “Partnerships for the Goals”: Teranga has consummated long-term

partnerships with Canadian and Senegalese governments, NGOs and other

organizations focused on regional development. Its partnership with

Global Affairs Canada resulted in the creation of the Canadian

Cooperation Roundtable and the completion of Kedougou’s departmental

development plans, making Kedougou the first Senegalese region to

prepare the groundwork for regional socio-development.


Mining Responsibly

Teranga has also been acknowledged by the Corporate Knights Future 40 Responsible Corporate Leaders in Canada for three consecutive years and in 2015 was ranked 17th. Teranga is a member of the United Nations Global Compact and a leading member of the multi-stakeholder group responsible for the submission of the first ever Senegalese Extractive Industries Transparency Initiative (“EITI”) revenue report. Teranga publishes an annual Responsibility Report in accordance with its commitments under the United Nations’ Global Compact and in alignment with the Global Reporting Initiative (GRI) guidelines. To view the Company’s 2015 Responsibility Report, visit terangagold.com/2015responsibilityreport.

About The SDG Awards

The United Nations 17 SDGs address the most important environmental, social, and economic challenges of our time. The SDG Awards aim to recognize the outstanding efforts of Canadian businesses that are putting Canada and the world on a more sustainable path by advancing these goals. For more information on the United Nations SDGs, visit sustainabledevelopment.un.org/sdgs.

About Teranga Gold

Teranga’s mission is to create value for all of its stakeholders through responsible mining. Its vision is to explore, discover and develop gold mines in Senegal and greater West Africa, in accordance with the highest international standards, and to be a catalyst for sustainable economic, environmental and community development. All of its actions from exploration, through development, operations and closure will be based on the best available techniques. For more information, please refer to terangagold.com.

Contact Information:

Teranga Gold Corporation

Trish Moran

Head of Investor Relations