Gold Terra Announces Closing of Second Tranche of the C$10.8M LIFE

Gold Terra Resource Corp. closed the second tranche of its non-brokered private placement on August 6, 2026. The tranche raised C$446,665 through the issuance of 2,481,477 common shares at C$0.18 per share. No warrants were issued with this tranche. Finders' fees of C$21,399.95 were paid to arm's length finders, with Integrity Capital Group Inc. acting as advisor.

Total gross proceeds for the entire offering stand at C$10.8 million. The final tranche is expected to close around August 20, 2026, subject to standard conditions.

Net proceeds will fund general corporate purposes and two concurrent drilling programs starting in July/August 2026. The drilling aims to confirm and add gold ounces to the existing resource base.

• Program 1 targets the northern extension of the Campbell Shear (Zone 103 N).
• Program 2 targets historical on-site tailings at the Con Mine (approx. 12 million tonnes of process ore residues placed between 1938 and 2003).

Gold Terra Resource Corp. (YGT) has closed the second tranche of its previously announced financing plan, a routine follow-up to the July 7, 2026 announcement upsizing the offering to C$10.8 million and the July 24, 2026 closing of the first tranche. The market was already aware of the financing structure, pricing, and objectives.

The incremental dilution from this tranche, consisting of approximately 2.48 million shares, is minimal relative to the approximately 468.8 million shares outstanding. The news confirms the company remains on track to fully fund its 2026 exploration program, maintaining the balance sheet liquidity needed to execute the planned drilling campaigns. No new strategic developments, valuation changes, or unexpected terms are introduced.

Gold Terra Resource Corp. (YGT) is a junior gold explorer focused on the Yellowknife Project in the Northwest Territories, Canada. The company’s flagship asset is the Con Mine Option Property, held under an option from a Newmont Corporation subsidiary that expires on November 21, 2027. This project encompasses 836 square kilometres along the prolific Campbell Shear, a geological structure that has historically produced approximately 14 million ounces of gold. The historic Con Mine itself produced 6.1 million ounces between 1938 and 2003.

In addition to its optioned property, the company is exploring the 100% owned Walsh Lake Area, where recent drilling has extended mineralization over a 700-metre strike length. Currently in the exploration and development stage, Gold Terra Resource Corp. is targeting a Preliminary Economic Assessment (PEA) by the end of 2026.