Mr. James Macintosh reports

GTA UPDATES EXPLORATION PROGRAM AT BURNT POND, NEWFOUNDLAND

GTA Resources and Mining Inc. has updated its exploration program at Burnt Pond in Newfoundland.

GTA recently completed grid geophysics and lithogeochemistry which have defined two targets within geology very similar to the Duck Pond copper-zinc mine. Both targets, the South Moose and the northeast extension of the Burnt Pond prospect, can be characterized as conductive zones which appear to be underlain by strongly altered and mineralized felsic volcanic fragmental rocks. Ground geophysics has confirmed the presence of conductive zones which will be the focus of an upcoming drilling program in early 2017.

The planning and the implementation of the work programs are being carried out under the direct supervision of Wayne Reid, PGeo, GTA's vice-president of exploration. Mr. Reid last worked this area in the early 1980s with Noranda Mines and was part of the team that drilled the Boundary deposit, the initial VMS (volcanogenic massive sulphide) discovery in the Duck Pond area. Burnt Pond is 10 kilometres along strike from the Duck Pond mine, which closed in 2015 after producing in excess of 4.5 million tonnes of ore grading roughly 3 per cent copper, 6 per cent Zn and 60 grams per tonne silver.

Burnt Pond has good road access, and the mining infrastructure associated with the Duck Pond and Buchans mines are still available. Historical work by third parties at Burnt Pond prospect returned drill intersections of massive sulphides grading up to 25.8 per cent zinc, 24 per cent lead, 0.8 per cent copper and 791.1 grams per tonne Ag (equivalent to 23 ounces per ton Ag) over 0.37 metre.

Quality assurance/quality control

Mr. Reid, PGeo, vice-president of exploration for GTA and a qualified person as defined in National Instrument 43-101, is responsible for this release, and supervises the planning, execution and monitoring of GTA's exploration program.

About GTA Resources

GTA currently has two projects located in Northern Ontario: the more-than-52-per-cent-owned Northshore project, near Schreiber, and the 100-per-cent-owned Auden project near Hearst. GTA also owns a 100-per-cent interest in the Burnt Pond project in central Newfoundland, along strike from Teck Resources Ltd.'s past-producing Duck Pond copper-zinc mine.

We seek Safe Harbor.