Mr. Gerald Panneton reports

GOLD TERRA ANNOUNCES ASSAY RESULTS OF 9.53 G/T GOLD OVER 11.10 METRES IN THE YELLOREX AREA, CON MINE OPTION PROPERTY, YELLOWKNIFE, NWT

Gold Terra Resource Corp. has released assay results from an additional five holes of the 2026 winter drill program targeting the Yellorex zone immediately south of the past-producing Campbell shear (CS) on the historic Con mine (1938 to 2003). The current drilling program aims at confirming some historical holes and to potentially expand Gold Terra's near-surface 2022 mineral resource estimate (MRE) on the Con mine option property.

Assay results are shown in Table 1 and include drill hole GTY26-013, which intersected 9.53 g/t Au over 11.10 metres from 211.30 metres to 222.10 metres downhole, including 18.94 g/t over 4.50 metres starting at 217.90 metres. In addition, hole GTY26-007 has potentially expanded mineralization at depth, where 5.73 g/t Au over 6.38 metres from 487.18 to 493.56 metres were intersected downhole. This zone remains open at depth, illustrating the potential to add resource ounces.

Under the Con mine option (CMO) purchase agreement, the company has the right to acquire 100 per cent of the CMO property from a subsidiary of Newmont Corp., subject to the fulfilment of certain conditions set out in the agreement, as reported in the company's news release dated Nov. 22, 2021. Gold Terra's option on the CMO with Newmont is until Nov. 21, 2027.

Chairman and chief executive officer Gerald Panneton commented: "These five additional holes from our 10,000-metre winter drill program in the Yellorex area of the Campbell shear continue to confirm the continuity of the Yellorex zone. The company's objective is to confirm and expand Gold Terra's estimate of the near-surface resource from surface to 500 metres below surface on the CMO property as the last 2022 MRE was based on a $1,750 (U.S.) gold price. The Campbell shear structure is our highest priority target as the Con Mine produced historically more than 5 million ounces of high-grade gold (16 g/t Au) (see Oct. 21, 2022, technical report)."

Assay highlights

Assay intersections from holes GTY26-007, GTY26-009, GTY26-010, GTY26-012 and GTY26-013 are shown in Table 1 below. All Yellorex drill holes intersected the Campbell shear, characterized by quartz-ankerite and smoky quartz veining with strong sericite-dominated alteration, a key association with gold mineralization in the CS. The main geological host is mafic volcanic. Hole GTY26-013 confirmed a high-grade shoot located close to surface (approximately 200 metres vertical depth). Hole GTY26-007 is important as one of the deepest holes drilled into the Yellorex zone, and it has potentially extended an interpreted high-grade shoot in this area.

The Yellorex area drilling targets are where the company has already outlined a mineral resource estimate (MRE) in 2022 and where there is potential for additional resource ounces to be added between surface and 700 metres depth.

Coming news and catalysts in 2026:

• Yellowknife site visit for investors and analysts on Tuesday, April 21, 2026, to showcase the company's progress and milestones;
• MRE update is currently forecast for release in May, 2026, for the Con mine option property;
• Conceptual tailing storage facility for a potential 20-year mine life is completed;
• MRE second update is scheduled for September, 2026, to include the current winter drill program;
• All tender proposals for the preliminary economic assessment (PEA) anticipated by year-end 2026 have been received, and a decision is expected shortly.

Technical appendix

This news release reports the assay results from five drill holes, from which 344 core samples were assayed. Assays results range from non-detectable gold to a highest assay of 48.4 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 NQ-size core, 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 in Yellowknife. After sample preparation, samples are shipped to ALS's Vancouver facility for gold analysis. Gold assays of greater than three g/t are reassayed on a 50-gram 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 per cent true thickness.

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 adviser for the company.

About Gold Terra Resource Corp.

The Yellowknife project (YP) encompasses 836 square kilometres of contiguous land immediately north, south and east of the city of Yellowknife in the Northwest Territories. Through a series of acquisitions, Gold Terra controls one of the six major high-grade historical gold camps in Canada. Being within 10 kilometres of the city of Yellowknife, the YP is close to vital infrastructure, including all-season roads, air transportation, service providers, hydroelectric power and skilled tradespeople. Gold Terra is currently focusing its drilling on the Campbell shear, where approximately 14 million ounces of gold have been produced in the past (refer to Gold Terra's Oct. 21, 2022, technical report), and most recently on the CMO property claims immediately south of the past-producing Con mine, which produced 6.1 million ounces between the Con, Rycon and Campbell shear structures (1938 to 2003).

The YP and CMO properties lie on the Yellowknife greenstone belt, covering nearly 70 kilometres of strike length along the main mineralized shear system that hosts the former-producing high-grade Con and Giant gold mines. The company's exploration programs have successfully identified significant zones of gold mineralization and multiple targets that remain to be tested, which reinforces the company's objective of seeking to re-establish Yellowknife as one of the premier gold mining districts in Canada.

We seek Safe Harbor.