FORM 6-K

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

Report of Foreign Issuer

Pursuant to Rule 13a-16 or 15d-16

of the Securities Exchange Act of 1934

Terra Nova Gold Corp.

(Translation of registrant’s name into English)

Suite 1360, 605 Robson Street, Vancouver, BC Canada V6B 5J3

(Address of principal executive officer)

Indicate by check mark whether the registrant files or will file annual reports under cover Form 20-F or Form 40-F.

Form 20-F ü  Form 40-F ________

Indicate by check mark whether the registrant by furnishing the information contained in this Form is also thereby furnishing the information to the Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934.

Yes ________  No: : ü 

If "Yes" is marked, indicate below the file number assigned to the registrant in connection with Rule 12g3-2(b): 82-_________.

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

Terra Nova Gold Corp.

                Registrant

Dated: March 25, 2004                                                   By : /s/David Patterson/s/ 

Title:  Chairman

TERRA NOVA GOLD CORP.

TSX Venture Exchange Symbol: TGC

Frankfurt Stock Exchange Symbol: GLT

Berlin Stock Exchange Symbol: GLT

March 25, 2004

News Release

Mr. David Patterson, Chairman of Terra Nova Gold Corp., announces that the $700,000 private placement announced on March 4, 2004 has been increased to $743,325. These funds will be raised by the Company issuing a total of 2,123,786 units at a price of $0.35 per unit. Each unit is comprised of one common share and one share purchase warrant entitling the holder to purchase one additional common share of the Company at a price of $0.35 for two years. A portion of the units will be flow through units.

Finder's fees may be payable in cash with respect to certain private placement subscribers and in accordance with the policies of the TSX Venture Exchange.

The Private Placement is subject to the approval of the TSX Venture Exchange.

On behalf of the Board of Directors,

TERRA NOVA GOLD CORP.

"DAVID PATTERSON"

Chairman

TERRA NOVA GOLD CORP.

1360 – 605 Robson Street, Vancouver, BC, V6B 5J3

Tel: (604) 684-0561 ? Fax: (604) 602-9311 ? Toll Free: 1-800-565-5336

Web: www.terranovagold.com ? E-Mail: terranova@bed-rock.com

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.