Gold Terra begins winter drill program at Yellowknife

Executive Summary

• Gold Terra Resource Corp. has commenced its 2026 winter diamond drilling program on the Yellowknife project in the Northwest Territories, utilizing four rigs to target the Con mine area (Yellorex zone) and the Northbelt.
• The company secured key regulatory approvals for five years of exploration, including a renewed Type A land-use permit and Type B water licence, effective January 17, 2026.
• Gold Terra retained Soar Financial Partners for investor relations and granted 3.6 million stock options to directors, officers, employees, and consultants.

Key Details

• Drilling Program Scope:
  • Utilizes four diamond drill rigs.
  • Con Mine Area: Initial drilling targets the Yellorex zone (along the Campbell shear south of the historic Con mine) to expand and upgrade mineralization. Additional drilling will test targets along the Campbell shear corridor between Yellorex and the Con mine.
  • Northbelt: Drilling expected to commence later in January following ice development. Targets high-grade gold areas, specifically referencing hole GTWL22-0014 which returned 31.89 g/t Au over 3m (including 69.4 g/t Au over 1m) near the Mispickel area.
  • Objective: Advance known high-grade zones, test new targets, and support future resource growth north of Yellowknife.
• Regulatory Approvals:
  • Land-Use Permit: Renewed Type A permit (MV2025C0015) issued by the Mackenzie Valley Land and Water Board, effective Jan. 17, 2026, for a five-year term (with option for two-year extension). Authorizes mineral exploration, diamond drilling, winter road construction, camp operations, and progressive reclamation.
  • Water Licence: Renewed Type B licence (MV2025L8-0006) issued by the Mackenzie Valley Land and Water Board, effective Jan. 17, 2026, for a seven-year term. Authorizes water withdrawal and waste deposition for exploration/drilling.
  • Reclamation Securities: Topped up in early January for both permits. Total securities amount to $198,000 (LUP) and $36,450 (WL), covering activities for up to four drill rigs.
• Investor Relations Agreement:
  • Retained Soar Financial Partners (brand of NorthStar Communications GmbH) for a one-year term starting Jan. 1, 2026, subject to TSX Venture Exchange approval.
  • Services include targeted investor relations and media outreach in the US, Europe, and Germany.
  • Compensation: Base fee of $7,000 USD per month plus 300,000 stock options as part consideration.
• Stock Option Grants:
  • Board approved grant of up to 3.6 million treasury shares via stock options.
  • Exercise Price: 19 cents per share.
  • Term: Five years, effective Jan. 2, 2026, expiring Jan. 2, 2031.
  • Vesting: Begins six months after issue; 25% vests initially, then 25% every six months thereafter.
  • Includes the 300,000 options granted to Soar Financial Partners.

Notable Quotes

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