Mr. Gerald Panneton reports

GOLD TERRA ANNOUNCES 6.61 G/T GOLD OVER 7.35 METRES INCLUDING 31.6 G/T GOLD OVER 1.1 METRES ON THE CAMPBELL SHEAR ZONE 103N EXTENSION, CON MINE, YELLOWKNIFE, NWT

Gold Terra Resource Corp. has released initial drill results on Zone 103N, considered by Gold Terra to be the northern extension of the Campbell shear within the historical Con mine and part of the Con mine option (CMO). 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.

Gold Terra's June, 2026, technical report established an initial mineral resource estimate (MRE) of approximately 595,000 ounces of inferred gold at Zone 103N on the Con mine option property, highlighting the scale of the opportunity and the potential for further resource growth at depth. The updated June, 2026, MRE (see June 26 technical report) prepared by SLR, includes an initial MRE for Zone 103N of:

• Underground inferred mineral resource of 5,083,000 tonnes averaging 3.64 grams per tonne gold for 595,000 ounces of contained gold.

Chairman and chief executive officer Gerald Panneton commented: "These results confirm the mineralization of the Campbell shear in Zone 103N. The Zone 103N northern extension offers significant exploration upside as the previous operator Miramar developed the zone in the 1990s with a 1.6-kilometre access drift on Level 3100, with very limited drilling. Both intersections are in an area that was considered waste. The drilling on the 103N zone can be done 12 months a year and will be the focus of more drilling to extend the mineralization along the known Campbell shear corridor."

Drilling highlights

Assay intersections from holes GTCM26-061 and 61A are shown in Table 1 below. The zone is narrow with the best gold grades associated with quartz mineralization. Drilling is continuing and assays are pending for additional completed holes.

The historical Zone 103N is the Campbell shear continuation to the north of the CMO property, which was developed in the later years of Con mine's operating life and includes underground development and drilling data. Zone 103N was historically drilled from the Con mine underground development using mainly Level 3100 but too close to the Campbell shear (CS) structure in its northern extension. The CS northern extension can be followed for 1.6 kilometres on three different levels (2600, 2900 and 3100) or approximately 600 metres to 900 metres below surface. Zone 103N has excellent potential to increase the number of ounces on the project.

Qualified person

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 as 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 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 (see 2026 NI 43-101 technical report ) and most recently on the CMO property claims immediately south of the past-producing Con mine, which produced 6.1 million ounces between the Con, Rycon and Campbell shear structures (1938 to 2003).

The YCG (Yellowknife city gold) 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, reinforcing the company's objective of seeking to re-establish Yellowknife as one of the premier gold mining districts in Canada.

We seek Safe Harbor.