Gold Terra Resource Corp. announced that drill hole GTCM24-056, targeting the Campbell Shear(past production of 5.1 Moz @ 16 g/t, refer to the Oct. 21, 2022 Technical Report) on the Con Mine Option Property (CMO), is progressing well at a current depth of 2,265 metres.

The drilling is estimated to intersect the Campbell Shear (CS) target at an approximate downhole depth of 2,600 metres, or approximately 600 metres below the historic Con Mine underground workings. The CMO Property is under option from a subsidiary of Newmont Corporation and is 100% acquirable by the Company upon fulfillment of certain conditions set out in the CMO Property Option agreement, as reported in the Company's news release dated November 22, 2021. The current drill hole, GTCM24-056, has identified new gold mineralization ranging up to 13.90 g/t Au over 0.60 metres in the hanging granite wall of the Con Shear.

The Con Shear was intersected further down the hole at a depth of 1,366-1,405 metres from surface with anomalous gold assays up to 0.6 g/t Au over 0.6 metres. Drill hole GTCM24-056 was collared in mafic volcanics and subsequently intersected a granite from 264 meters to 1,365 metres. The intrusive contains numerous quartz veins with pyrite, arsenopyrite, stibnite, sphalerite and one occurrence of visible gold.

At the granite's lower contact, the Con Shear (past production 1 million ounces of gold at a grade of 20g/t, refer to the Oct. 21, 2022 Technical Report) was encountered, representing the deepest intersection of the Con Shear, with a multi-metre wide white quartz vein and numerous narrow smoky grey quartz veins. The Con shear was intersected where anticipated, suggesting good predictable of shear-hosted mineralization at depth on the Con Mine property.

The new intersection adds potential for the Con Shear to be expanded to supplement the CS. The drill hole has since been in mafic volcanics with minor shear fabrics forming as the CS intersection is approached. The first deep hole, GTCM23-055, intersected 12.63 g/t Au over 1.7m in the CS structure approximately 150 metres below the Con Mine workings, demonstrating the potential of the CS at depth.

This news release reports the assay results from one (1) drill hole with assays results ranging from non-detectable gold to a highest assay of 13.9 g/t Au. The Company inserts certified standards and blanks into the sample stream as a check on laboratory Quality Control (QC). Drill core samples are cut by diamond saw at Gold Terra's core facilities in Yellowknife.

A halved core sample is left in the core box. The other half core is sampled and transported by Gold Terra personnel in securely sealed bags to ALS preparation laboratory (?ALS?) in Yellowknife. After sample preparation, samples are shipped to ALS's Vancouver facility for gold analysis.

Gold assays of >3 g/t are re-assayed on a 30 g split by fire assay with gravimetric finish. Samples with visible gold are additionally assayed using a screen metallic method. ALS is a certified and accredited laboratory service.

ALS routinely inserts certified gold standards, blanks and pulp duplicates, and results of all QC samples are reported. Drill holes were drilled at right angles to the structure hosting the mineralization and dip angles of holes were designed to intersect the zones as close to normal as possible. Zones reported here are interpreted to be approximately 90% true thickness.

The technical information contained in this news release has been reviewed and approved by Joseph Campbell, Chief Operating Officer, a Qualified Person as defined in National Instrument 43-101 - Standards of Disclosure for Mineral Projects.