Gold Terra Reports 2025 Progress and Outlines 2026 Drilling Programme

• Campbell Shear confirmed at depth below existing underground workings on Con Mine Option property
• C$7 million financing completed in November 2025 with participation from Eric Sprott, David Harquail, and Mckenzie Funds
• OR Royalties exercised early option on 2015 royalty agreement for C$2 million cash consideration
• 15,000 metre drilling programme planned for first half of 2026, fully funded
• C$257,560 received in government mineral incentive grants for winter 2026 drilling

Gold Terra Resource Corp. (TSXV:YGT) is a Canadian exploration company operating in the Yellowknife gold district of the Northwest Territories. The company controls 836 square kilometres of land covering nearly 70 kilometres of strike length along the Campbell Shear system, where approximately 14 million ounces of gold have been historically produced. The Yellowknife Project is located within 10 kilometres of Yellowknife City, providing access to year-round roads, power, and services. Gold Terra's properties include the Con Mine Option area, which covers ground between the Campbell, Rycon, and Con shear structures that historically produced 6.1 million ounces from 1938 to 2003.

2025 Exploration and Technical Achievements

The company's 2025 exploration work confirmed the continuation of the Campbell Shear at depth beneath existing underground workings. This represents an extension of the structure beyond previously mined areas and forms the basis for planned drilling in 2026. The Campbell Shear has historically been one of the primary gold-bearing structures in the Yellowknife district.

Gold Terra identified additional drilling targets across its property holdings during the year. These targets are intended to test areas with potential to expand the company's current mineral resource estimates. The technical work was reviewed by Joseph Campbell, a Qualified Person under National Instrument 43-101 standards.

Chairman and CEO Gerald Panneton stated:

"Gold Terra has had a very good transitional year with both technical and corporate achievements that bring value to our shareholders. We cannot ignore the 2025 gold market performance of the last few months to support our exploration effort in Yellowknife."

Strategic Financing and Investor Support

Gold Terra closed a C$7 million financing in November 2025. The financing included participation from Eric Sprott, David Harquail, and Mckenzie Funds. Details of the financing structure were provided in the company's November 28, 2025 news release.

OR Royalties elected to exercise early its first option under a 2015 royalty agreement, providing C$2 million in cash consideration to Gold Terra. The early exercise occurred ahead of the scheduled option period. OR Royalties holds royalty interests on portions of Gold Terra's property package.

The Government of the Northwest Territories awarded Gold Terra two mineral incentive grants totalling C$257,560. These grants are designated for the company's winter 2026 drilling activities. The grants form part of the government's mineral exploration support programmes in the territory.

2026 Drilling Programme and Plans

Gold Terra plans to complete more than 15,000 metres of drilling in the first half of 2026. The programme is fully funded from the company's current treasury. Drilling will focus on the Campbell Shear and targets on the Con Mine Option property.

The programme will test depth extensions of known mineralised structures and evaluate new targets identified during 2025. The company reports that drilling locations span its property holdings along the historic gold-bearing shear systems. Infrastructure access allows for year-round drilling operations in the area.

Gerald Panneton commented:

"This last year has been pivotal for Gold Terra as we are entering a new phase and a clear path forward to create value for our shareholders and a solid future for the community of Yellowknife. We look forward to providing regular updates to our shareholders and investors as major developments unfold in our 2026 exploration and drilling programme."

2026 Activities and Timeline

Gold Terra will focus on executing its 15,000 metre drilling programme during the first half of 2026. Drill results from the programme are expected to be released as assays are received and compiled. The company plans to test the depth extension of the Campbell Shear and priority targets across the Con Mine Option property.

The fully funded programme removes near-term financing requirements for the planned drilling activities. Gold Terra reports it will provide updates as results become available from the 2026 exploration work. The company holds one of the larger consolidated land positions in the Yellowknife gold district.

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