Mr. Gerald Panneton reports

GOLD TERRA ANNOUNCES DRILL TARGETS NEAR SURFACE ALONG THE CAMPBELL SHEAR SOUTH OF THE CON MINE, YELLOWKNIFE, NWT

Gold Terra Resource Corp. has provided an update on the 2025 to 2026 drill program targets along the past-producing Campbell shear (CS) in the Yellorex trend south of the historic Con mine. The Yellorex trend drilling targets are where the company has already outlined a mineral resource estimate (MRE) in 2022 (see Note 1 further in this press release), and where there is potential for additional ounces to be added between surface and 700 metres depth.

Under the Con mine option (CMO) agreement, the company has the right to acquire 100 per cent of the CMO property from a subsidiary of Newmont Corp., subject to the fulfilment of certain conditions set out in the agreement, as reported in the company's news release dated Nov. 22, 2021. Gold Terra's option on the CMO with Newmont is until Nov. 21, 2027.

Chairman and chief executive officer Gerald Panneton commented: "We are finalizing our near-surface drilling targets along the Campbell shear, and we will focus our drilling program along the CS south of the Con mine. We recently completed our valuation of near-surface targets in the area where we have outlined the potential for more resources within the area of our 2022 MRE at a possible average grade of six g/t using a lower cut-off grade (COG). With the price of gold reaching over $4,000 (U.S.), it opens the area to add ounces between Yellorex main and for at least two kilometres of strike length. Gold Terra's 100-per-cent land tenure covers more than 70 kilometres of strike length of the Campbell shear in a past-producing high-grade gold belt in Canada."

The Yellorex trend drilling targets include:

• Yellorex Main zone (YRX) -- Holes already drilled on 30- to 50-metre spacing in 2021 to 2022 account for more than 65 per cent of the 2022 MRE calculated by Gold Terra.
• Yellorex North (YRX-N) was drilled in 2023, and was not included in the company's 2022 MRE (refer to Oct. 21, 2022, technical report).
• C17 and the 3,100-foot-level-part of the Campbell shear south of the main mine workings, drilled historically from the 2,300-foot and 3,100-foot levels with some historic untested assays reported in the Campbell shear including:
  • CON-C1707: 4.79 grams per tonne Au over 8.08 metres;
  • CON-C1708: 3.20 g/t Au over 7.62 m;
  • C17 area is an area that requires drilling on a 50-metre spacing between surface and 600 metres vertical.

The company's October, 2022, MRE was based on a 3.50 g/t cut-off (refer to Oct. 21, 2022, technical report). The CMO deposit MRE has been estimated at a range of cut-off grades and are presented in Table 14-11 in the Oct. 21, 2022, technical report, to demonstrate the sensitivity of the resource to cut-off grades. Values in this table are reported above and below the base case cut-off grade of 3.5 g/t Au and a gold price of $1,750 (U.S.) per ounce of gold. It may be possible to use a lower COG, such as 2.5 g/t for underground mining at current gold price and the company believes this potential will be tested in the planned exploration drilling at Yellorex and Yellorex North, and infill drilling to raise the confidence level of a future resource estimate.

The technical information contained in this news release has been reviewed and approved by Joseph Campbell, a qualified person as defined in National Instrument 43-101 -- Standards of Disclosure for Mineral Projects and senior technical adviser for the company.

About Gold Terra Reource Corp.

The Yellowknife project (YP) encompasses 918 square km of contiguous land immediately north, south and east of the city of Yellowknife in the Northwest Territories. Through a series of acquisitions, Gold Terra controls one of the six major high-grade gold camps in Canada. Being within 10 kilometres of the city of Yellowknife, the YP is close to vital infrastructure, including all-season roads, air transportation, service providers, hydroelectric power and skilled tradespeople. Gold Terra is currently focusing its drilling on the Campbell shear, where approximately 14 million ounces of gold has been produced (refer to Gold Terra Oct. 21, 2022, technical report) and most recently on the CMO property claims immediately south of the past-producing Con mine which produced 6.1 Moz between the Con, Rycon and Campbell shear structures (1938 to 2003).

The YP and CMO properties lie on the Yellowknife greenstone belt, covering nearly 70 kilometres of strike length along the main mineralized shear system that hosts the former-producing high-grade Con and Giant gold mines. The company's exploration programs have successfully identified significant zones of gold mineralization and multiple targets that remain to be tested which reinforces the company's objective of re-establishing Yellowknife as one of the premier gold mining districts in Canada.

We seek Safe Harbor.