Gold Terra Identifies New Drill Targets on Campbell Shear Extension

• Drilling programme scheduled to start before year-end 2025 targeting confirmation of 650,000 ounces of historical gold resources at 11-12 g/t
• 1.4-kilometre Campbell Shear Northern Extension identified for drilling at 100-metre spacing between 600-1,200 metres depth
• Three unmined areas within Con Mine main ore body to be tested at 800-1,400 metre depths
• Infill drilling planned for Yellorex and Yellorex North deposits to upgrade confidence levels and expand resources
• Updated mineral resource estimate and Preliminary Economic Assessment planned following drilling completion

Gold Terra Resource Corp (TSXV:YGT) is a Canadian junior exploration company focused on acquiring and exploring gold properties in the Northwest Territories and New Brunswick. The company operates the 836 square kilometre Yellowknife Project, covering nearly 70 kilometres along the Campbell Shear system within 10 kilometres of Yellowknife. The Campbell Shear has produced approximately 14 million ounces of gold historically. Gold Terra holds an option on the Con Mine Option Property adjacent to the former Con Mine, which produced 6.1 million ounces between 1938 and 2003.

Historical Resource Review and New Drill Target Identification

Gold Terra completed a review of Con Mine's 2002 historical resources totalling 650,000 ounces at 11-12 g/t grades. The review established targets for the upcoming drilling programme focusing on the Campbell Shear structure. The Con Mine operated until 2003 using a 10 g/t cut-off grade when gold prices averaged US$340 per ounce.

The company identified a 1.4-kilometre Northern Extension of the Campbell Shear between sections 6600N and 8000N at 600-1,200 metres depth. This area was previously drilled in the 1990s from underground stations between levels 1900 and 2900.

Additional targets were identified within the Con Mine underground infrastructure between 500-1,000 metres below surface. These targets utilize existing access points from the former mining operation. The targeting strategy reflects current gold prices compared to conditions when the mine closed in 2003.

Campbell Shear Extension Drilling Programme Plan

The drilling programme includes three components. First, drilling at 100-metre spacing to confirm historical drill results extending over one kilometre north of the Con Mine. This component aims to verify underground drilling data from the 1990s programme.

Second, testing three areas between 800-1,400 metres vertical depth within the Con Mine main ore body that were not mined historically. These areas remain within established geological structures but were not extracted during operations.

Third, infill drilling in the Con Mine south area targeting Yellorex and Yellorex North deposits where Gold Terra has existing NI 43-101 resources. The drilling aims to upgrade resource categories to Indicated level and expand zone sizes.

CEO Gerald Panneton stated:

"With gold price now well above US$2,700/oz, this is a game changer. We have 100% access to a district-scale prospective land position."

Resource Update Strategy and Future Economic Studies

Following completion of the drilling programme, Gold Terra plans to update its 2022 Mineral Resource Estimate incorporating new results, current gold prices and potentially lower cut-off grades. The update will reflect current economic conditions compared to the 2022 assessment parameters.

An updated Mineral Resource Estimate will be followed by a Preliminary Economic Assessment examining mining scenarios and economic parameters. The PEA will evaluate development options based on updated resource models and current costs.

Gold Terra's option agreement with Newmont Corporation runs until November 21, 2027, providing access to the Con Mine Option property. The agreement allows Gold Terra to acquire 100% of the property subject to specified conditions.

Conclusion and Next Steps

Gold Terra's drilling programme targets both historical resource confirmation and new mineralization identification at the Con Mine property. The programme begins before year-end 2025 with systematic drilling planned through 2026. Key milestones include updated Mineral Resource Estimate incorporating new results and completion of a Preliminary Economic Assessment. The Newmont option agreement provides access through November 2027.

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