Gold Terra Starts Summer Drilling Program and Provides Update on Campbell Shear Multiple Mineralized Zones, Con Mine Property, Yellowknife, NWT

3 August 2022

VANCOUVER, BC / ACCESSWIRE / August 3, 2022 / Gold Terra Resource Corp. (TSX-V:YGT)(Frankfurt:TX0)(OTCQX:YGTFF) ("Gold Terra" or the "Company") ("Gold Terra" or the "Company") is pleased to announce the start of the summer drilling program as well as the remaining assay results on the Campbell Shear winter drilling program designed to test the Campbell Shear along strike south of the former producing Con Mine and at depths of approximately 1,000 metres at 200-metre drill spacing. High?grade gold mineralization was intersected in multiple targeted zones as per the results below, which include new assay results for hole GTCM22-039, an initial hole drilled at Yellorex North.

Intersection highlights from the 2022 winter drilling program:

Zone

Drill hole number

Intersection

Vertical Depth

Comments

Yellorex

GTCM22-040

8.00 g/t Au / 11.00 m

-260m

50mx50m infill

Yellorex North

GTCM22-039

3.31 g/t Au / 6.00m

-268m

First hole in area

Y-88 Zone

GTCM22-037

1.60 g/t Au / 14.57m

-1,170m

DH Y-88 = 13.59 g/t Au / 5.3m

Con Shear

GTCM22-029

3.61 g/t Au / 4.55m

-37m

Near surface

Chairman and CEO, Gerald Panneton, commented, "The 2022 winter drilling program results along the southern extension of the Campbell Shear shows multiple mineralized zones which demonstrate great potential for additional ounces on the Con Option Property. We have now completed 22,491 meters of drilling on the Campbell Shear since September 2020 and as we are working on a mineral resource update for early Q4 2022, the Campbell Shear remains our focus and the best target on our properties."

2022 Summer Drilling Program

Drilling on the Campbell Shear will continue this summer to follow-up on the winter program's positive results. Drilling will continue to test the Y-88 Zone with 50-metre spaced wedges drilled from hole GTCM22-037, which intersected strong alteration and gold mineralization indicative of proximity to high-grade lodes. The planned wedges off GTCM22-037 are designed to test both strike and dip extensions of those lodes. The summer drilling program commenced in mid-July, 2022. Compilation of assay results from the drilling indicate possible mineralized trends as shown in Figure 1 that will be tested further in the summer drilling program:

2022 Winter Drilling Program Summary

Fifteen (15) diamond drill holes were completed for a total of 8,327.96 metres between January 20 and May 13, 2022. Four gold targets were tested: Yellorex Main (6 holes), Yellorex North (1 hole), Campbell Shear/Con Shear (6 holes), and Y?88 Zone (2 holes) which tested the Campbell Shear at a depth below 1,000 metres where historic drill hole Y-88 intersected high-grade gold mineralization.

See full release for details, including results from Yellorex North, Campbell Shear/Con Shear, and Y-88 Zone.