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CERTIFICATIONS

I, Howard Thomson, certify that;

|(1) | I have reviewed this Quarterly Report on Form 10-QSB of
      Terrace Ventures Inc.;                                                                                                                                                                                                                                              
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|(2) | Based on my knowledge, this report does not contain any
      untrue statement of a material fact or omit to state a material fact
      necessary to make the statements made, in light of the circumstances under
      which such statements were made, not misleading with respect to the period
      covered by this report;
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|(3) | Based on my knowledge, the financial statements, and
      other financial information included in this report, fairly present in all
      material respects the financial condition, results of operations and cash
      flows of the small business issuer as of, and for, the periods presented
      in this report;        
|    |                                                                                                                                                                                                                                                                                                                                   
|(4) | I am responsible for establishing and maintaining
      disclosure controls and procedures (as defined in Rules 13a-15(e) and
      15d-15(e) of the Securities Exchange Act of 1934) for the small business
      issuer and have:                                                                                               

| | a) | Designed such disclosure controls and procedures, or
      caused such disclosure controls and procedures to be designed under my
      supervision, to ensure that material information relating to the small
      business issuer is made known to me by others within those entities,
      particularly during the period in which this report is being
    prepared;
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| |    |                                                                                                                                                                                                                                                                                                                                                                           
| | b) | Evaluated the effectiveness of the small business
      issuers disclosure controls and procedures and presented in this report
      my conclusions about the effectiveness of the disclosure controls and
      procedures, as of the end of the period covered by this report based on
      such evaluation; and                                                     
| |    |                                                                                                                                                                                                                                                                                                                                                                           
| | c) | Disclosed in this report any change in the small business
      issuer's internal control over financial reporting that occurred during
      the small business issuer's most recent fiscal quarter that has materially
      affected, or is reasonably likely to materially affect, the small business
      issuer's internal control over financial reporting;
and   

|(5) | I have disclosed, based on my most recent evaluation of
      the internal control over financial reporting, to the small business
      issuers auditors and the audit committee of the small business issuers
      board of directors (or persons performing the equivalent
  functions):
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| | a) | All significant deficiencies and material weaknesses in
      the design or operation of internal control over financial reporting which
      are reasonably likely to adversely affect the small business issuers
      ability to record, process, summarize and report financial information;
      and
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| |    |                                                                                                                                                                                                                                                                                                             
| | b) | Any fraud, whether or not material, that involves
      management or other employees who have a significant role in the small
      business issuers internal control over financial
  reporting.                                                                                                         

|Date:  | September 13, 2007      | 
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|       | */s/ Howard Thomson*    | 
|By:    | HOWARD THOMSON          | 
|Title: | Chief Executive Officer | 
|       | Chief Financial Officer | 

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