Gold Terra Starts Drilling on High-Grade Yellorex Gold Zone, Campbell Shear South of Con Mine and Reports on Assay Results for Crestaurum North and Ranney Hill Areas, Northwest Territories

20 July 2021

July 20, 2021, Vancouver, B.C. – Gold Terra Resource Corp. (TSX-V: YGT; Frankfurt: TX0; OTC QX: YGTFF) (“Gold Terra” or the “Company”) is pleased to announce that the Company’s fully funded 10,000 metre Phase 2 drilling program has started with the objective to delineate a potential gold mineral resource to add to the Company’s current NI 43-101 compliant 1.2 million inferred ounce resource (see March 16, 2021 press release and NI 43-101 Technical Report). The drilling is focused on the Campbell Shear at the Yellorex zone where significant high-grade gold zones were intersected during the Phase 1 drilling program (14.09 g/t Au over 4.65 metres) (see April 6, 2021 press release).

In addition, the Company is pleased to announce assay results from five drill holes completed in April and March 2021 at Crestaurum North and the Ranney Hill Shear located on the Company’s 100% Yellowknife City Gold Project ("YCG"). Two of the drill holes tested previous trench and channel grab sampling results which had returned values ranging from 4.11 g/t to 24.9 g/t Au, along with one very high-grade grab sample of 746 g/t Au. Both holes intersected anomalous gold values with the highest value of 8.65 g/t Au over 0.70 metres within the targeted shear/vein system and multiple horizons of shearing, alteration, and quartz veining. Three of the drill holes targeted high-grade veins in the Crestaurum Shear adjacent to Company’s current NI 43-101 compliant Inferred mineral resource of 1.2 million ounces.

Yellorex Zone Drilling - Campbell Shear South of Con Mine

The Yellorex zone is located immediately south of the Con Mine on property optioned from Newmont Ventures Limited and Miramar Northern Mining Limited (the "Newmont Option") and adjacent to the the YCG property. The Phase 2 drilling program will concentrate on the Yellorex zone and South Con Mine area with a 50 to 100 metre drill spacing along strike and down dip (see Figure 1).

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