Mr. Gerald Panneton reports

GOLD TERRA ANNOUNCES ASSAY RESULTS OF 22.46 G/T GOLD OVER 5.2 METRES IN THE WALSH LAKE AREA, NORTHBELT, NWT

Gold Terra Resource Corp. has released assay results from the first four holes of the 2026 winter drill program designed to expand the Walsh Lake gold corridor situated in the Northbelt area of Gold Terra's 100-per-cent-owned, district-scale Yellowknife project. Assay results are shown in Table 1 and include drill hole GTWL26-024, which intersected 22.46 grams per tonne gold (uncut) over 5.7 metres from 119.6 metres to 125.3 metres downhole, including 198 g/t over 0.5 metre starting at 119.60 metres.

Chairman and chief executive officer Gerald Panneton commented: "Our now-completed winter drilling program has been successful in expanding the Walsh Lake gold corridor beyond the known 500-metre strike length on our 100-per-cent Walsh Lake property block. The Walsh Lake property area is strategically situated 20 kilometres northeast of Yellowknife and is showing excellent potential for more discoveries to be made. With the success of hole GTWL26-024, we have added two new zones in this hole, indicating more drilling to be done to follow up on the success of the 2022 and 2026 drill programs. These new zones will be a contributing factor in re-establishing Yellowknife as a prime location for many years of further exploration. It also complements our development of satellite deposits and the restart of the historic Con mine once the purchase is completed (see news release Nov. 22, 2021)."

Assay highlights

The 2026 winter program in the Northbelt-Walsh Lake area commenced on Jan. 22 and concluded on March 21, 2026, using two drill rigs for a total of 4,904.9 metres with 15 holes completed. The main objective was to test the best area uncovered in the previous winter 2022 program (see Aug. 25, 2022, press release) and to extend the known gold corridor beyond the current 500-metre strike length. From the first major discoveries on the Walsh Lake property in the early 1930s to the mid-1970s, and after the property was purchased from Yellowknife prospector Walter (Walt) Humphries, Gold Terra has successfully drilled part of the corridor to delineate new zones.

The 2022 winter program (19 holes for 6,011 metres completed) enabled the corridor to be extended to 500 metres of strike length, outlining three separate gold zones (see Aug. 25, 2022, press release):

1. Pickel (formerly Mispickel) zone: GTWL22-002 -- 19.00 g/t gold over four metres;
2. MP Ryan zone in the northern part: GTWL22-004 -- 7.63 g/t gold over three metres;
3. Zone 14 in the western part: GTWL22-0014 -- 31.89 g/t gold over three metres.

Diamond Drill hole GTWL26-24 confirmed the northern extension of the broad Walsh Lake gold corridor hosted in metasediments approximately 150 metres north of known mineralization. The hole intersected two very good gold mineralization zones separated by 200 metres with multiple visible gold specks (198 g/t over 0.5 metre at 119.6 metres). Follow-up drilling (GTWL26-031) was drilled underneath, and a few more holes were also drilled north and south to complete the company's 2026 drill program. The discovery extension of this zone is excellent news for the area and will warrant further drilling next winter.

Assay intersections from holes GTWL26-020, GTWL26-021, GTWL26-022 and GTWL26-024 are shown in Table 1 below.

Technical appendix

This news release reports the assay results from four drill holes from which 553 core samples were assayed. Assays results range from non-detectable gold to a highest assay of 198 g/t Au. The company inserts certified standards and blanks into the sample stream as a check on laboratory quality control (QC). Drill core samples are NQ-size core, cut by diamond saw at Gold Terra's core facilities in Yellowknife. A halved core sample is left in the core box. The other half core is sampled and transported by Gold Terra personnel in securely sealed bags to ALS's preparation laboratory in Yellowknife. After sample preparation, samples are shipped to ALS's Vancouver facility for gold analysis. Gold assays of greater than three g/t are reassayed on a 50-gram split by fire assay with gravimetric finish. Samples with visible gold are additionally assayed using a screen metallic method. ALS is a certified and accredited laboratory service. ALS routinely inserts certified gold standards, blanks and pulp duplicates, and results of all QC samples are reported.

Drill holes were drilled at right angles to the structure hosting the mineralization and dip angles of holes were designed to intersect the zones as close to normal as possible. Zones reported here are interpreted to be approximately 90 per cent true thickness.

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 Resource Corp.

The Yellowknife project (YP) encompasses 836 square kilometres 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's Oct 21, 2022, technical report), and most recently on the CMO property claims immediately south of the past-producing Con mine (CMO), which produced 6.1 million ounces 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; this reinforces the company's objective of re-establishing Yellowknife as one of the premier gold mining districts in Canada.

We seek Safe Harbor.