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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;        
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|(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:                                                                                         
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|    | b)                                                                                                                                                                                                                                                                                                        
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|    | c)                                                                                                                                                                                                                                                                                                        
|(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)                                                                                                                                                                                                                                                                                                        
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|    | b)                                                                                                                                                                                                                                                                                                        

|Date:  | March 15, 2007          
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|       | /s/
      Howard Thomson
|By:    | HOWARD THOMSON          
|Title: | Chief Executive Officer 
|       | Chief Financial Officer 

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