Toronto - May 7, 2008 – TeraGo Inc. (the “Company”) (TSX: TGO) today announced that the Toronto Stock Exchange (“TSX”) has accepted its notice of intention to conduct a normal course issuer bid for the purchase of up to 458,000 common shares, representing approximately 10 per cent of the public float of common shares as of April 30, 2008. As at April 30, 2008, the Company had 7,558,466 issued and outstanding common shares.