Announcement • Aug 24
Gold Terra Resource Corp Announces Sonic Drill Program to Evaluate Gold Content in Con Mine Historical Tailings Gold Terra Resource Corp. announced a sonic drilling program on the former Con Mine’s historic tailings which is part of the Con Mine Option. The drilling is currently scheduled to start the first week of September. Under the purchase agreement, the Company has the right to acquire 100% of the CMO property from a subsidiary of Newmont Corporation, subject to the fulfillment of certain conditions set out in the agreement, as reported in the Company's news release dated November 22, 2021. Gold Terra’s option on the CMO with Newmont is valid until November 21, 2027. The tailings represent a compelling exploration target, as the material originated from mined ore graded between 16 to 20 g/t Au over the course of the Mine operation between 1938 and 2003. There is a possibility of finding a certain amount of gold in the historical tailing since previous recoveries were between 85 to 95%. If the historical tailings contain some gold, it can benefit the potential restart of the operation by having a low-grade gold stockpile right at surface, that will not require crushing, and possibly no regrinding. It would potentially provide access to an easy live stockpile to feed the future process plant for years at start-up. The Con Mine historical Tailing Storage facility (TSF) is a high-priority exploration target. There are two important TSF’s on the Con Mine, the Upper Pud, and the Middle Pud. The proposed sonic drill program is to start in the Upper Pud TSF and will consist of approximately 148 sonic drill holes spaced 40 metres by 40 metres with an average depth of 20 to 30 metres. The sonic drilling recovered tailings will be logged for grain size, sampled in 1 metre intervals and processed at ALS labs. Geotechnical information is also to be recorded and logged during the program. The objective of the drilling program is to evaluate the gold potential of the historic tailings as a potential source of additional gold ounces, complementing the Company’s underground and near-surface exploration targets. The program is designed to establish the tonnage and grade of the tailings and support metallurgical testing to assess potential gold recovery. The 40-metre x 40-metre drill spacing is expected to provide a resource of Indicated category. The Company recently raised approximately CAD 10.1 million, of which a total of CAD 7.2 million is aimed at the ongoing drilling programs and other activities as follows: Zone 103N drilling on the extension of the Campbell Shear zone, Drilling of the Con Mine historic tailings currently scheduled to start in September 2026, Yellorex drilling and metallurgical sampling currently scheduled to start in September 2026, A Preliminary Economic Assessment (PEA) is currently anticipated by year end 2026, and is anticipated to include all the winter drilling of 2026, and some of the current drilling. The technical information contained in this news release has been reviewed and approved by Joseph Campbell, a Qualified Person as defined in National Instrument 43-101 - Standards of Disclosure for Mineral Projects and Senior Technical Advisor for the Company. Announcement • Aug 22
Gold Terra Resource Corp. announced that it has received CAD 10.081667 million in funding On August 20, 2026, Gold Terra Resource Corp. closed the transaction. The company issued 4,915,560 common shares at an issue price of CAD 0.18 per share for gross proceeds of CAD 884,800.80, pursuant to the third and final tranche of the transaction. The company has raised aggregate gross proceeds of CAD 10,081,666.80 through the issuance of 16,009,260 hard dollar common shares, 10,000,000 flow-through common shares, and 20,000,000 charity flow-through common shares. In connection with the third tranche, the company paid finder’s fees of CAD 44,340.05. In total, finders’ fees of CAD 276,089.93 were paid to certain arm’s length finders, in accordance with the policies of the TSX Venture Exchange. The transaction is subject to the final acceptance of the TSX Venture Exchange. New Risk • Jul 28
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 18% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risk Revenue is less than US$1m. Minor Risks Shareholders have been diluted in the past year (18% increase in shares outstanding). Market cap is less than US$100m (CA$85.3m market cap, or US$60.5m). 
