Mr. Gerald Panneton reports

GOLD TERRA ANNOUNCES FALL DRILLING WITH THREE (3) RIGS ACTIVE ON THE CON MINE, YELLOWKNIFE, NWT

Gold Terra Resource Corp.'s 2026 fall drilling program which started in July is adding two more rigs on the Con mine option property (CMO) with the aim of contributing additional ounces for the upcoming preliminary economic assessment (PEA) study. Drilling has commenced on the following CMO target areas:

1. Zone 103 North -- twinning and expanding;
2. Historical Con mine tailings storage facility (TSF);
3. Yellorex -- near-surface drilling and metallurgical testwork.

Under the purchase 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 valid until Nov. 21, 2027.

Chairman and chief executive officer Gerald Panneton commented: "We have started a very focused fall drilling program with the objective of delineating additional ounces. The start of the sonic drilling on the historical tailing storage facility (TSF) may be very positive for the future restart of the operation as the tailing residue from the past operation (1938 to 2003), has the potential to add ounces to our recent June, 2026, technical report initial MRE. The benefits of these ounces translate into a potential low-grade stockpile that can be easily accessible in the early days of the potential future restart."

Con mine tailings storage facility (TSF) sonic drilling

Drilling is schedulled to begin at once, with one sonic drill and a second one may be added. The program aims to test the historical TSF and its gold potential with a 40-by-40-metre grid as outlined in the company's Aug. 24, 2026, news release. The total program is scheduled to include approximately 7,000 metres of drilling and will consist of a strategic grid pattern to define areas of variable grade. Holes will be on average 10 to 30 metres deep. The objective of this drill program is to delineate ounces to complete a mineral resource estimate on the historical Con mine tailings.

Zone 103 North drilling

There is currently one diamond drill turning on the CMO with the objective of defining and confirming the resource potential of Zone 103 N, which has historically been drilled and delineated from underground. The Campbell shear was intersected successfully with the first two holes, first in master hole GTCM26-061, and secondly in the northern wedge of GTCM26-061a which was completed recently (see attached Table 1 below with geological descriptions). Both holes have successfully intersected Zone 103 N of the Campbell shear. At 848.52 metres, wedge hole GTCM26-061a intersected a 0.15-metre quartz vein within the shear hosting flecks of VG, trace Sb, Py and As. Assays are currently pending for both holes. Two more wedges will be placed from the master hole, and then the rig will be moving along the 1.6-kilometre trend to test the up dip and down dip of Zone 103 N. Zone 103 N currently contains a mineral resource as per the recently released 2026 MRE (see June 26 technical report) prepared by SLR, which includes an initial MRE for Zone 103N consisting of: underground inferred mineral resource of 5,083,000 tonnes averaging 3.64 g/t Au for 595,000 ounces of contained gold, using a cut-off grade of 2.2 g/t. Hole GTCM26-061a recently completed has also intersected the Campbell shear with a very good intersection of 5.3 metres from 845.6 to 850.9 metres.

Yellorex infill and metallurgical sampling drilling

A diamond drill has been mobilized and schedulled to start a short drill program of approximately 3,000 metres on the upper part of the Yellorex deposit area.

The program aims at completing some drill holes in the upper part of the deposit that were not accessible this past winter.

Financing

As the company has recently announced that it has raised approximately $10.1-million, the company is well financed to allocate a total of approximately $7.2-million to the continuing fall drill programs on Zone 103N, the historical tailings, and the Yellorex and metallurgical program.

Qualified persons

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 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 historical 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 in the past (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 YCG 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 identified zones of gold mineralization and multiple potential targets that remain to be tested which reinforces the company's objective of seeking to re-establish Yellowknife as one of the premier gold mining districts in Canada.

We seek Safe Harbor.