Mr. Gerald Panneton reports

GOLD TERRA HOSTS BANK OF CANADA GOVERNOR TIFF MACKLEM IN YELLOWKNIFE, NWT, TO DISCUSS MINING POTENTIAL AND ECONOMIC DEVELOPMENT

Bank of Canada Governor Tiff Macklem recently visited Gold Terra Resource Corp.'s Yellowknife projects in the Northwest Territories (NWT) as part of his visit to Yellowknife to gain a broader understanding of the NWT economy.

During the visit on Sept. 23, 2026, Governor Macklem toured Gold Terra properties including the historic Con mine past producer (1938 to 2003), which shut down when the gold price was $340 (U.S.) per ounce. Gold Terra representatives spent the morning reviewing with the governor all the economic opportunities associated with mineral exploration and potential mine development in the NWT.

Bank of Canada Governor Macklem examining core from Zone 103N with Gerald Panneton

The discussion included the importance of mining on the NWT economy and the factors that influence investment and development decisions, including infrastructure, energy, skilled labour, access to capital, permitting and the costs associated with operating in a remote jurisdiction.

Chairman and chief executive officer Gerald Panneton commented: "We are very encouraged by the Bank of Canada's interest in understanding the importance of Canada's natural resource sector and the role mining can play in the economic future of the Northwest Territories. The Con mine is a remarkable Canadian mining asset with a long history of high-grade gold production, and we believe its potential redevelopment could create significant long-term economic opportunities for Yellowknife, indigenous partners, the Northwest Territories and Canada."

The company believes that the development of Canada's domestic mineral resources is increasingly important in a global economy seeking secure supplies of critical and strategic commodities. Gold, as a globally recognized financial and strategic commodity, provides Canada with an important natural resource advantage. Gold Terra's historic Con mine potential restart opportunity combines a historically significant high-grade gold district with experienced mining leadership and private-sector investment, creating the potential for a new chapter in Yellowknife's mining history and long-term value creation for the NWT.

Gold Terra is advancing exploration of its Yellowknife project with a particular focus on the Con mine option property, where the company is evaluating opportunities to expand and develop the district's substantial gold potential. The company's strategy is focused on responsible exploration and advancing the project toward a potential future redevelopment of the historic Con mine. A successful project could generate substantial direct and indirect employment, support local businesses and contractors, contribute to government revenues and create lasting economic opportunities throughout the North.

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 Moz (million ounces) of gold has been produced in the past (see 2026 National Instrument 43-101 technical report) and most recently on the CMO property claims immediately south of the past-producing Con mine, which produced 6.1 Moz between the Con, Rycon and Campbell shear structures (1938 to 2003).

The YCG 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 identified zones of gold mineralization and multiple potential 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.