Terra Rossa Gold Ltd. Provides Exploration, Development and Corporate Update Including Announces Extension of Warrants

Executive Summary

• Terra Rossa Gold provided an update on exploration activities at its Vetas Gold Project in Colombia, highlighting recent geological mapping, geophysical/geochemical integration, and historic drill intercepts.
• The company announced plans for a first‑pass surface drilling program to commence in Q2/Q3 2026 targeting identified chargeability and resistivity anomalies.
• It also disclosed an intended extension of the expiry date for 4,092,000 outstanding common share purchase warrants from April 7 2026 to April 7 2027, subject to TSX‑V approval.

Key Details

• Project Overview: Vetas Gold lies in the Santander gold district; mineralization occurs in quartz veins within Precambrian biotite gneiss and associated stockwork veinlets.
• Recent Work Completed:
• Reconnaissance geological mapping identified lithologies, intrusive rock assemblages (including a dacite porphyry).
• Integrated historic drillhole data with new geophysical (chargeability & resistivity) and geochemical soil surveys into a 3‑D model for targeting.
• Geophysical Anomalies:
• Chargeability & resistivity anomalies to ~200 m depth in the Real Minera zone.
• Strong chargeability anomaly at ~300 m depth toward El Dorado, linked to granodiorite/tonalite outcrops.
• Planned Drilling Program:
• Surface mapping campaign followed by first‑pass surface drilling slated for Q2/Q3 2026.
• Focus on Real Minera zone and four key historic drill areas (2010‑2013) to validate prior data.
• Historical Drill Intercepts (selected):

• Warrant Extension Details:
• Outstanding warrants: 4,092,000 units (each unit = 1 common share + ½ warrant; each whole warrant exercisable at $0.70 per share).
• Current expiry: April 7 2026 (extended from original April 7 2025).
• Proposed new expiry: April 7 2027, pending TSX‑V approval; all other terms unchanged.
• No warrants have been exercised; 10,000 (≈0.0024%) are held by an insider.

Notable Quotes

• “The integration of our historic drill data with new geophysical and geochemical results provides a robust foundation for the upcoming surface drilling program, which we anticipate will further delineate high‑grade zones within Real Minera.” – Patrick Downey, CEO

Materiality Assessment: Non‑Material – Positive (the release conveys operational progress and a routine warrant extension without immediate financial impact).