Mr. Gerald Panneton reports

GOLD TERRA STARTS 2026 WINTER DRILL PROGRAM ON CON MINE AREA AND PROVIDES CORPORATE UPDATE

Gold Terra Resource Corp. has commenced its winter 2026 diamond drilling program on the Yellowknife project in the Northwest Territories. The program will utilize four diamond drill rigs and is focused on advancing priority targets within the Con mine area and the Northbelt.

2026 winter drill program highlights

Initial drilling will target the Con mine area, with the objective of expanding and upgrading mineralization within the Yellorex zone, located along the Campbell shear south of the historic Con mine. Additional drilling will test nearby targets along the Campbell shear corridor between Yellorex and the Con mine.

Drilling within the Northbelt is expected to commence later in January, following sufficient ice development. Northbelt drilling will primarily target high-grade gold areas such as where hole GTWL22-0014, which returned 31.89 grams per tonne gold over three metres, including 69.4 g/t Au over one metre (see the Aug. 25, 2022, press release), was intersected near surface in the Mispickel area. The winter 2026 program is designed to advance known high-grade mineralized zones, test new targets and support future resource growth just north of the town of Yellowknife.

New five-year land-use permit, water licence and security

Gold Terra has received all key regulatory approvals required to conduct exploration work for the next five years at the Yellowknife project and Con mine. The Mackenzie Valley Land and Water Board has issued a renewed Type A land-use permit (MV2025C0015), effective Jan. 17, 2026, with a five-year term (and the ability to apply for a two-year extension), authorizing mineral exploration activities, including diamond drilling, winter road construction, camp operations and progressive reclamation.

In addition, the company has been granted a renewed Type B water licence (MV2025L8-0006), effective Jan. 17, 2026, with a seven-year term. The licence authorizes water withdrawal and waste deposition associated with mineral exploration and drilling activities, subject to established environmental protection measures.

Gold Terra has also topped up its reclamation securities with the government of the Northwest Territories. Both securities were topped up in early January for the land-use permit (LUP) and water licence (WL). Both securities totalled $198,000 and $36,450 for each permit and cover activities for up to four drill rigs in action.

Gold Terra retains Soar Financial Partners

The company has retained Soar Financial Partners (a brand of NorthStar Communications GmbH) for a targeted investor relations and media outreach proposal designed to expand Gold Terra's visibility across the United States, Europe and strategically in Germany, pursuant to an agreement entered into between the company and Soar dated Jan. 1, 2026, subject to the approval of the TSX Venture Exchange.

Soar provides strategic marketing and investor communications for the mining sector through multinational road shows, conferences, media outreach and social media platforms primarily for the European investment community. Soar has offices in Frankfurt, Germany and Vancouver.

The investor relations agreement has a one-year term. Pursuant to the agreement, Gold Terra will pay Soar a base fee of $7,000 (U.S.) per month.

Subject to the policies of the TSX-V and the terms of the company's stock option plan, the company plans to grant 300,000 options to purchase common shares of the company as part consideration for its services under the investor relations agreement.

Soar does not currently own any shares of the company or have any other direct or indirect interest in the company. The fees paid by the company to Soar under the investor relations agreement are for services only.

Grant of stock options

The company announces that the board of directors has approved a grant of stock options under the company's stock option plan to its directors, officers, employees and consultants to purchase up to an aggregate of 3.6 million treasury shares at 19 cents (including the 300,000 options to Soar).

The options are exercisable at a price of 19 cents per share for a period of five years effective on Jan. 2, 2026, expiring on Jan. 2, 2031, and are subject to the policies of the TSX-V and the company's stock option plan, which includes a vesting period beginning six months after issue for 25 per cent of the options and 25 per cent every six months following.

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 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 (refer to Gold Terra's Oct. 21, 2022, technical report), and most recently on the CMO (Con mine option) 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, reinforcing the company's objective of re-establishing Yellowknife as one of the premier gold mining districts in Canada.

We seek Safe Harbor.