GOLD TERRA RESOURCE CORP - YGTFF STOCK NEWS

Gold Terra Resource Corp. reports strong assay results from drill hole GTCM22-029, intersecting 3.61 g/t gold over 4.55 metres, with a peak of 15.75 g/t over 0.75 metres at a depth of 30 metres on the Con Mine Property. The company is advancing its drilling program with four drill rigs, targeting 30,000 metres in 2022, aiming to expand its 1.2 million inferred ounces of gold resources. The TSX Venture Exchange has accepted the option agreement to acquire assets from Newmont, boosting its exploration efforts in high-grade areas.

Gold Terra Resource Corp. has successfully completed its bought deal financing, raising C$5.6 million. The offering included the issuance of 8,912,500 charitable flow-through shares at C$0.30 each, 8,046,700 traditional flow-through shares at C$0.24, and 4,761,966 common shares at C$0.21. The proceeds will fund Canadian exploration expenses and general corporate purposes. The participation of directors and officers in the offering raises transparency concerns, but it was exempt from certain regulatory requirements. Gold Terra aims to enhance its Yellowknife City Gold Project, a significant gold mining area in Canada.

Gold Terra Resource Corp. has initiated its 2022 drilling program on January 20, targeting the Campbell Shear south of the Con Mine Property. The drilling will focus on extending high-grade gold mineralization, following previous successful intersections, including up to 19.74g/t gold over 5.44 metres. The company aims to drill approximately 20,000 metres in the first half of 2022 to potentially increase its current 1.2 million inferred ounces of gold resources. This initiative is part of its strategy to re-establish Yellowknife as a top gold mining district.

Gold Terra Resource Corp. (TSXV:YGT, OTCQX:YGTFF) has announced significant assay results from drill hole GTCM21-022 on the Yellorex Zone at the Con Mine Property. The hole intersected high-grade gold mineralization of 19.74 g/t over 5.44 meters and 4.16 g/t over 11.23 meters. These results extend the gold-bearing zone by over 50 meters. The company has completed a drilling program of 26 holes totaling 12,687 meters and plans to resume drilling in January 2022, aiming for approximately 40,000 meters of drilling to further define gold resources.

Gold Terra Resource Corp. (YGTFF) announced a significant restructuring of its senior management team as it intensifies exploration efforts, particularly on the Con Mine acquisition. Effective December 31, 2021, Mr. David Suda will step down as President and CEO, transitioning to a part-time consulting role. Mr. Gerald Panneton will take over as CEO from January 1, 2022, while maintaining his role as Executive Chairman. The Company's current inferred mineral resource stands at 1.21 million ounces, with a focus on the Campbell Shear extension to boost shareholder value.

Gold Terra Resource Corp. announced assay results from five drill holes (GTCM21-017 to GTCM21-021) as part of their 10,000 metre drilling program on the Yellorex Zone at the Con Mine Property. Significant gold mineralization was confirmed, extending the Yellorex Zone by over two kilometers. Notable assay highlights include GTCM21-20, which intersected 2.38 g/t Au over 4.70 metres, and GTCM21-21, with 1.24 g/t Au over 11.00 metres. The company plans to continue drilling and expand into underexplored zones in 2022, enhancing its current inferred resource of 1.2 million ounces.

Gold Terra Resource Corp has completed a strategic investment by Newmont Corporation, issuing 7,142,857 shares at C$0.21 per share for proceeds of C$1.5 million, giving Newmont less than 5% ownership. Proceeds will be primarily allocated for exploration on the Con Mine property. This investment strengthens Gold Terra's position in the Yellowknife gold district, which includes 800 sq. km near key infrastructure and mineralized areas. The shares are subject to a hold period until April 4, 2022.

Gold Terra Resource Corp. has entered an option agreement with Newmont Canada FN Holdings to purchase 100% of the Con Mine, along with its surrounding assets, allowing for further exploration of the Campbell Shear structure. Concurrently, Gold Terra secured a C$1.5 million strategic investment from Newmont, expected to facilitate exploration on the Con Mine property. The option agreement grants Gold Terra the potential to add up to 2 million ounces of resources, enhancing its current inferred mineral resource of 1.21 million ounces. Newmont retains a 2% NSR post-transaction.

Gold Terra Resource Corp. (TSXV:YGT) announced assay results from two drill holes, GTCM21-015 and GTCM21-016, as part of its ongoing 10,000 metre Phase 2 drilling program. GTCM21-016 recorded 5.07 g/t gold over 8.35 metres, including 11.87 g/t over 3.08 metres. Meanwhile, GTCM21-015 intersected visible gold and significant high-grade zones. The drilling aims to expand the existing resource of 1.2 million inferred ounces and enhance Gold Terra's position within the Yellowknife City Gold Project. The program continues to progress with more holes planned.