Mr. Eric Sprott, a shareholder, reports

ERIC SPROTT ANNOUNCES CHANGES TO HIS HOLDINGS OF GOLD TERRA RESOURCE CORP.

2176423 Ontario Ltd., a corporation beneficially owned by Eric Sprott, acquired 20 million common shares of Gold Terra Resource Corp. today at 10 cents per share for total consideration of $2-million. A total of five million shares were purchased through a private placement, and 15 million shares were purchased by way of a share purchase agreement concurrent with such private placement.

Prior to the acquisition, Mr. Sprott beneficially owned and controlled 30 million shares, representing approximately 7.3 per cent of the outstanding shares. Mr. Sprott now beneficially owns and controls 50 million shares, representing approximately 10.7 per cent of the outstanding shares, being an increase in holdings to above 10 per cent and, therefore, the filing of an early warning report was required.

The securities are held for investment purposes. Mr. Sprott has a long-term view of the investment and may acquire additional securities including on the open market or through private acquisitions or sell the securities including on the open market or through private dispositions in the future depending on market conditions, reformulation of plans and/or other relevant factors.

A copy of the early warning report with respect to the foregoing will appear on Gold Terra Resource's profile on SEDAR+ and may also be obtained by calling Mr. Sprott's office at 416-945-3294 (2176423 Ontario, 7 King St. East, Suite 1106, Toronto, Ont., M5C 3C5).