Terrace Energy Corp. announced 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.

Eric Boehnke, the company's former Chief Executive Officer, has been appointed Executive Vice Chairman of the Company, also effective immediately. George Morris has agreed to join Terrace as Chief Operating Officer of the company. His appointment will become effective October 21, 2013.

Mr. Morris was most recently the Chief Operating Officer of ATP Oil & Gas.