GOLD TERRA RESOURCE CORP - YGTFF STOCK NEWS

Gold Terra Resource Corp has completed Phase 1 of its winter drilling program on the Con Mine Option Property, focusing on expanding the initial September 2022 Mineral Resource Estimate (MRE). A total of 13 drill holes were finished, with 5,769 metres drilled. Assay results are pending for 12 of these holes. The drilling targeted the Campbell Shear, where significant mineralization was confirmed across all drill sites. Highlights include intersections like 5.3 g/t Au over 6.43 metres and up to 212 metres of the Campbell Shear mineralization. Preparations for a deep drilling program are also underway to further explore gold mineralization below the historic Con Mine workings. The company anticipates results for remaining holes soon, aiming to bolster its current MRE of 109,000 Indicated and 432,000 Inferred ounces of gold.

Gold Terra Resource Corp (YGTFF) has entered into a binding agreement with Midas Minerals Limited for exclusive rights until April 30, 2023, to establish a definitive agreement. This arrangement allows Midas to earn up to an 80% interest in critical minerals (lithium, tantalum, tin) from 544.7 square kilometers of Gold Terra's Yellowknife property. Gold Terra will receive C$1.2 million, 2.2 million shares of Midas, and retain a 1% Gross Revenue Royalty. Midas is expected to initiate exploration in June 2023, with initial drill targets identified by August 2023.

Gold Terra Resource Corp. has reported promising assay results from its winter drilling program at the Con Mine Option Property in Yellowknife. Drill hole GTCM23-042 intersected 5.3 g/t Au over 6.43 metres, aimed at expanding the Yellorex North gold zone. The winter program involved 10 holes totaling approximately 4,000 metres, with a focus on the Campbell Shear structure, historically significant for high-grade gold production. The company expects further assay results from all eight drilled holes, indicating visible mineralization. Gold Terra's mineral resource estimate from September 2022 includes 109,000 Indicated ounces and 432,000 Inferred ounces of gold.

Gold Terra Resource Corp. (YGTFF) has commenced its winter drilling program on the Con Mine Option Property in Yellowknife, NWT. The company has completed eight holes totaling 3,076.53 meters on the Yellorex North gold zone, all successfully intersecting the Campbell Shear structure. Visual examinations of the drill core indicate significant mineralization, with key highlights showing widths of multi-metre veining, including smoky quartz veining and strong pyrite and arsenopyrite mineralization. The program aims to expand the prior mineral resource estimate of 109,000 indicated ounces and 432,000 inferred ounces of gold. Assay results are expected in March.

Gold Terra Resource Corp. (TSXV:YGT)(OTCQX:YGTFF) has initiated an 8,000-metre winter drilling program at its Con Mine Option Property in Yellowknife, NWT. This program, comprising 20 holes down to 600 metres, aims to expand the September 2022 initial Mineral Resource Estimate (MRE) along the Campbell Shear. Notably, the MRE indicates 0.82 million tonnes of Indicated resources at 7.55 g/t for 109,000 ounces and 2.0 million tonnes Inferred at 6.74 g/t for 432,000 ounces. The drilling will also explore significant deep extensions of the Con Mine deposit. The program is backed by a $3.8 million financing completed in November 2022.

Gold Terra Resource Corp. (YGTFF) announced the approval of a stock option grant allowing the purchase of up to 1,000,000 shares at $0.20 each. These options will be exercisable for five years with a vesting schedule of 25% every six months. The Yellowknife City Gold project spans 800 sq. km, situated near critical infrastructure. The company is focusing on the Campbell shear and the Con Mine Option, which has historically produced 6.1 Moz of gold. A drilling program is set to commence in mid-January 2023.

Gold Terra Resource Corp. (TSXV:YGT, OTCQX:YGTFF) announced its 2023 drill program set to begin on January 16, 2023, aiming to drill an additional 10,000 metres on the Con Mine Option property. The program focuses on delineating more gold ounces at depth. The property has an indicated resource of approximately 109,000 ounces of gold. Additionally, Joe Campbell, the Chief Operating Officer, is retiring but will continue as a senior technical advisor. Gold Terra aims to re-establish Yellowknife as a premier gold mining district.

Gold Terra Resource Corp. (TSX-V:YGT; OTCQX:YGTFF) announced the closing of a non-brokered private placement, raising $3,782,717 through the sale of 12,055,585 flow-through shares at $0.20 each and 8,572,500 common shares at $0.16. Proceeds will fund Canadian exploration and general corporate purposes, enabling a significant winter drilling program at the Con Mine Option Property. The program focuses on untapped areas of the Campbell shear, previously known for yielding 5.1 Moz of gold.

Gold Terra Resource Corp. has announced an increase in its non-brokered private placement offering, raising gross proceeds from $1,960,117 to $3,780,517. The offering includes 12,020,585 flow-through shares at $0.20 each and 8,602,500 common shares at $0.16 each. Proceeds will support Canadian exploration expenses, with directors participating in the offering. The closing is expected around November 18, 2022, pending regulatory approvals. A hold period of four months and one day will follow the closing date.