Mr. Gerald Panneton reports

GOLD TERRA ANNOUNCES CLOSING OF SECOND TRANCHE OF THE C$10.8M LIFE

Gold Terra Resource Corp. has closed a second tranche of its previously announced non-brokered private placement pursuant to Part 5A of National Instrument 45-106 (Prospectus Exemptions) and Coordinated Blanket Order 45-935 (Exemptions from Certain Conditions of the Listed Issuer Financing Exemption) for total gross proceeds of $10.8-million. The second tranche of $446,665.86 closed today with the issuance of 2,481,477 common shares of the company at an issue price of 18 cents per hard-dollar share. The closing of the final tranche of the offering is expected to occur on or around Aug. 20, 2026, and is subject to certain conditions.

Finders' fees totalling $21,399.95 were paid to certain arm's-length finders in accordance with the policies of the TSX Venture Exchange. The offering is non-brokered with no warrants and is subject to the final acceptance of the TSX-V. Gold Terra engaged Integrity Capital Group Inc. to support its financing efforts.

The net proceeds from the offering will be used for general corporate purposes and for two drilling programs currently scheduled to start in July/August on the northern extension of the Campbell shear target zone 103 N and on the Con mine historical on-site tailings, where a total of approximately 12 million tonnes of process ore residues were placed between 1938 and 2003. The two planned drill programs will run concurrently and are anticipated to confirm and add ounces of gold on the Con mine option property under option from a subsidiary of Newmont Corp.

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 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 largest major historic 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 has been produced in the past (refer to Gold Terra June 26, 2026, 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 prolific 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 targets that remain to be tested, which reinforce the company's objective of re-establishing Yellowknife as one of the premier gold mining districts in Canada.

We seek Safe Harbor.