Star Metro - Gold Terra Starts 2026 Winter Drill Program on Con Mine Area and Provides Corporate Update

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 g/t gold over 3 metres including 69.4 g/t Au over 1 metre (see the August 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 (5) years 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 January 17, 2026, with a five-year term (and the ability to apply for a 2-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 January 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 license (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) ("Soar") 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 January 1, 2026, subject to the approval of the TSX Venture Exchange ("TSX-V")‎.

Soar provides strategic marketing and investor communications for the mining sector through multi-national 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 USD 7,000 per month.

Subject to the policies of the TSX-V and the terms and of ‎the Company's ‎stock option plan, the Company plans to grant 300,000 options ‎to ‎purchase common shares of the Company (the "Options") 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 3,600,000 treasury shares at $0.19 (including the 300,000 options to Soar).

The options are exercisable at a price of $0.19 per share for a period of 5 years effective on January 2 ^nd , 2026, expiring on January 2^nd, 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% of the options, and 25% 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 Advisor for the Company.

About Gold Terra
The Yellowknife Project (YP) encompasses 836 sq. km 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, hydro-electric power, and skilled tradespeople. Gold Terra is currently focusing its drilling on the Campbell Shear, where approximately 14 Moz of gold has been produced, (refer to Gold Terra 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 Moz between the Con, Rycon, and Campbell shear structures (1938-2003).

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 re-establishing Yellowknife as one of the premier gold mining districts in Canada.

Visit our website at Home | Gold Terra Resource Corp.

For more information, please contact:
Gerald Panneton, Chairman & CEO
[email protected]

Mara Strazdins, Investor Relations
Phone: 1-778-897-1590 | 416-710-0646
[email protected]

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Information Concerning Estimates of Mineral Resources
Mineral Resources that are not Mineral Reserves do not have demonstrated economic viability. Therefore, investors are cautioned not to assume that all or any part of an Inferred Mineral Resource could ever be mined economically. It cannot be assumed that all or any part of "Measured Mineral Resources," "Indicated Mineral Resources," or "Inferred Mineral Resources" will ever be upgraded to a higher category. The Mineral Resource estimates contained herein may be subject to legal, political, environmental or other risks that could materially affect the potential development of such mineral resources. Refer to the Technical Report, once filed, for more information with respect to the key assumptions, parameters, methods and risks of determination associated with the foregoing.

Cautionary Note to United States Investors
The Company prepares its disclosure in accordance with the requirements of securities laws in effect in Canada, which differ from the requirements of U.S. securities laws. Terms relating to Mineral Resources in this news release are defined in accordance with NI 43-101 under the guidelines set out in CIM Definition Standards on Mineral Resources and Mineral Reserves, adopted by the Canadian Institute of Mining, Metallurgy and Petroleum Council on May 19, 2014, as amended ("CIM Standards"). The U.S. Securities and Exchange Commission (the "SEC") has adopted amendments effective February 25, 2019 (the "SEC Modernization Rules") to its disclosure rules to modernize the mineral property disclosure requirements for issuers whose securities are registered with the SEC under the U.S. Securities Exchange Act of 1934. As a result of the adoption of the SEC Modernization Rules, the SEC will now recognize estimates of "Measured Mineral Resources", "Indicated Mineral Resources" and "Inferred Mineral Resources", which are defined in substantially similar terms to the corresponding CIM Standards. In addition, the SEC has amended its definitions of "Proven Mineral Reserves" and "Probable Mineral Reserves" to be substantially similar to the corresponding CIM Standards.

U.S. investors are cautioned that while the foregoing terms are "substantially similar" to corresponding definitions under the CIM Standards, there are differences in the definitions under the SEC Modernization Rules and the CIM Standards. Accordingly, there is no assurance any Mineral Resources that the Company may report as "Measured Mineral Resources", "Indicated Mineral Resources" and "Inferred Mineral Resources" under NI 43-101 would be the same had the Company prepared the Mineral Resource estimates under the standards adopted under the SEC Modernization Rules. In accordance with Canadian securities laws, estimates of "Inferred Mineral Resources" cannot form the basis of feasibility or other economic studies, except in limited circumstances where permitted under NI 43-101.

Cautionary Note Regarding Forward-Looking Information
Certain statements made and information contained in this news release constitute "forward-looking information" within the meaning of applicable securities legislation (" forward-looking information "). Generally, this forward-looking information can, but not always, be identified by use of forward-looking terminology such as "plans", "expects" or "does not expect", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates" or "does not anticipate", or "believes", or variations of such words and phrases or statements that certain actions, events, conditions or results "will", "may", "could", "would", "might" or "will be taken", "occur" or "be achieved" or the negative connotations thereof.

All statements other than statements of historical fact may be forward-looking information. Forward-looking information is necessarily based on estimates and assumptions that are inherently subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of the Company to be materially different from those expressed or implied by such forward-looking information. In particular, this news release contains forward-looking information regarding the current drilling on the Campbell Shear, potentially adding ounces to the Company's current YCG mineral resource, and the Company's objective of re-establishing Yellowknife as one of the premier gold mining districts in Canada.

There can be no assurance that such statements will prove to be accurate, as the Company's actual results and future events could differ materially from those anticipated in this forward-looking information as a result of the factors discussed in the "Risk Factors" section in the Company's most recent MD&A and annual information form available under the Company's profile at www.sedar.com.

Although the Company has attempted to identify important factors that would cause actual results to differ materially from those contained in forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. The forward-looking information contained in this news release is based on information available to the Company as of the date of this news release. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. All of the forward-looking information contained in this news release is qualified by these cautionary statements. Readers are cautioned not to place undue reliance on forward-looking information due to the inherent uncertainty thereof. Except as required under applicable securities legislation and regulations applicable to the Company, the Company does not intend, and does not assume any obligation, to update this forward-looking information.

SOURCE: Gold Terra Resource Corp

View the original press release on ACCESS Newswire

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