Exploring Yellowknife’s High-Grade Gold Potential

• Gerald Panneton, CEO of Gold Terra, discussed the company's focus on high-grade gold deposits in Canada.
• The company has the option to purchase the past-producing Con Mine, which has remaining gold resources.
• Gold Terra has been drilling along the Campbell Shear zone, which previously produced high-grade gold.
• An upcoming catalyst is drill results from a hole targeting the Campbell Shear zone in the next 1-2 months.
• The company aims to be a profitable, high-grade focused Canadian gold producer supporting local communities.

Gold Terra Resource is a Canadian junior gold exploration company focused on the Yellowknife City Gold Project, located just outside of Yellowknife, Northwest Territories. The company is exploring and developing high-grade gold targets along the prolific Campbell Shear structure, which previously produced over 14 million ounces of gold at exceptionally high grades between 15-22 g/t gold.

Led by mining veteran CEO Gerald Panneton, Gold Terra has assembled a large, district-scale land package covering 70-kilometers of the gold-bearing Campbell Shear zone. The company is utilizing its strong technical expertise and extensive knowledge of the region’s geology to unlock the remaining high-grade gold potential along this structure.

With minimal exploration conducted along the Campbell Shear since the early 2000s, Gold Terra recognized a unique opportunity to potentially delineate new high-grade gold resources. “Since Miramar closed the mine in 2003 when the gold price was $325 an ounce, there’s been no systematic exploration along the Campbell Shear and it’s in town, it’s not far from a town where $200 per meter all in is a very good opportunity for people to realize that we can find gold for much less than others,” stated Panneton.

The company’s key asset is the 100% option to purchase the past-producing Con Mine, which produced over 6 million ounces of gold at exceptional grades averaging over 15 g/t. Infrastructure remains intact, including an operational shaft to 1900 meters depth. Gold Terra sees strong potential to grow the current inferred resource of approximately 650,000 ounces of gold and resume mining operations.

“We decided basically to drill and drill because in reality when you look at the potential of the Campbell Shear you’re looking at an amazing opportunity to find one to two million ounces at 10g/t to 20g/t and I think this is very important in our profile as a company,” noted Panneton.

Recent Exploration Success and Upcoming Catalysts

Over the past two years, Gold Terra has successfully grown the current inferred mineral resource estimate for the Yellowknife City Gold Project to 1.8 million ounces of gold, through strategic drilling campaigns along the Campbell Shear zone.

The company’s drilling activities have mainly focused on testing the structure from the surface to a depth of 400 meters. High-grade results include an intercept of 5.22 g/t gold over 17.86 meters reported in May 2021.

Gold Terra is now embarking on a crucial 10,000-meter phase of drilling targeting the Campbell Shear at depths of 800-2000 meters directly below the former Con Mine. This represents a significant exploration target, as CEO Panneton explains: “There’s approximately a million ounces gold for every 200 meters vertical so there’s a potential to find another two million ounces over the next 400 meters below the mine.”

The current drill program's centerpiece is a deep master hole which started in April 2022 and is expected to intersect the Campbell Shear structure within the next 1-2 months. Assay results will follow shortly after. This hole will provide critical information on the structure and grade distribution of the Campbell Shear at depth. Additional drilling and wedge cuts are planned over the next 6-8 months to thoroughly test around this master hole. The upcoming assays from this target zone will be an important catalyst for the company. Positive high-grade results would demonstrate significant resource expansion potential and further derisk the Con Mine acquisition.

“The key catalyst we have for entering is very simple. We just put a hole dipping that started at the end of April and should intersect the Campbell Shear...and that’s why the master hole that we're drilling now will be supplemented by multiple additional deviations or wedge cuts that we can call,” stated Panneton.

Strategic Acquisition of Past Producing Mine

A key aspect of Gold Terra’s exploration strategy is the option to acquire 100% of the former Con Mine, which produced approximately 6 million ounces of gold at exceptional grades between 1946 to 2003. This deal allows the company to earn 100% interest in the Con Mine, which includes its minerals leases, mining licenses, and infrastructure.

The remaining camp infrastructure includes an intact 300-meter-deep shaft and a permitted tailings storage facility. The Con Mine property covers the southwestern portion of the prolific Campbell Shear zone. With infrastructure already in place, the acquisition of the Con Mine provides a clear low-risk path to resuming mining operations.

Gold Terra has identified an initial inferred mineral resource estimate on the Con Mine property of approximately 650,000 ounces of gold. However, the company strongly believes there is substantial potential to significantly expand this resource.

The company plans to leverage its technical expertise and extensive historical data to potentially grow the Con Mine resource both at the surface and, more importantly, at depths where limited drilling has occurred. Gold Terra's recently commenced drilling program is focused on expanding the resource below the original Con Mine workings, which only extended to a depth of approximately 1800 meters. The adjacent Campbell Shear remains open at depth and along strike.

Community Engagement and ESG Priorities

Operating in the Northwest Territories since the Con Mine opened in 1946, Gold Terra recognizes the importance of open communication and building strong relationships with local community members and First Nations groups.

CEO Panneton emphasizes a responsible approach: “The best practice for ESG is very simple - listen to your host, you are a guest and behave like a guest, and I think it’s the profile that we’ve had because I built Buzwagi, Bulyanhulu and Detour and never had a blockade or never had something negative against the three mines I was involved in building and that’s very important and that’s our philosophy as well in Yellowknife.”

The company aims to be a collaborative partner focused on supporting community initiatives and sustainable mining practices. With its close proximity to Yellowknife, Gold Terra intends to have a light operational footprint, maintaining much of the workforce within the community. The Con Mine was a major employer for the city over the past decades, so restarting operations has strong local support.

Investment Thesis for Gold Terra Resources

• High-grade gold asset in the proven Canadian mining district
• 100% option to acquire fully permitted past-producing Con Mine with existing infrastructure
• Large under-explored land package with over 70km of prospective Campbell Shear zone
• Recently commenced 10,000m drill program -- assays expected within 1-2 months
• Targeting significant expansion of current resources at depth based on minimal exploration since the 2003 mine closure
• Potential to delineate multi-million-ounce high-grade resources and resume mining operations
• Experienced management team with a track record of exploration success and mine development
• Committed to responsible mining and building positive community relationships