Gold Terra Announces Assay Results of 8.2 g/t Gold over 20.35 Metres in the Yellorex Area, Con Mine Option Property, Yellowknife, NWT
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Gold Terra Announces Assay Results of 8.2 g/t Gold over 20.35 Metres in the Yellorex Area, Con Mine
Option Property, Yellowknife, NWT
Vancouver, BC – March 17, 2026 – Gold Terra Resource Corp. (TSX -V: YGT; Frankfurt: TX0; OTCQX:
YGTFF) (“Gold Terra” or the “ Company”) is pleased to announce assay results from the first seven (7)
holes of the 2026 Winter Drill Program targeting the Yellorex zone immediately south of the past
producing Campbell Shear (CS), historic Con Mine (1938-2003). The current drilling program aims at
confirming some historical holes to 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-
001 which intersected 8.20g/t Au over 20.35 metres from 242.5 metres to 262.85 metres downhole,
including 18.7 g/t over 6.8 metres starting at 254.75 metres
Under the Con Mine Option (CMO) purchase agreement, the Company has the right to acquire 100% of
the CMO property from a subsidiary of Newmont Corporation (“Newmont”), subject to the fulfillment of
certain conditions set out in the agreement, as reported in the Company's news release dated November
22, 2021. Gold Terra’s option on the CMO with Newmont is until November 21, 2027.
Chairman and CEO, Gerald Panneton, commented, "With Gold Terra’s last MRE completed in 2022 based
on a US$ 1750 gold price, our winter drill program of 10,000 metres in the Yellorex area of the Campbell
Shear (CS) will be looking to confirm and expand Gold Terra’s estimate of the near surface resource from
surface to 500 metres below surface on the CMO property. This first batch of drill results confirm the
potential continuity of the zone, as Gold Terra requires additional holes to seek more ounce s in the
indicated category. 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 GTY26-001, 002, 003, 004, 005, 006 and 008 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, being one key parameter for gold mineralization in the
CS. The main geological host is meta volcanic.
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Table 1 – 2026 Yellorex Assay Results to date
Hole
From
(metres)
To
(metres)
Width
(metres)
Au
g/t
Campbell Shear Description
GTY26-001 242.50 262.85 20.35 8.20 Sericite/smoky quartz–ankerite veining and
Py–Asp ± Sb Including 254.75 261.50 6.75 18.80
GTY26-002 239.85 255.00 15.15 3.20
Sericite/pervasive quartz–ankerite veining
and Py-Asp Sb Including 242.60 248.20 5.60 4.11
And including 251.10 255.00 3.90 5.90
GTY26-003 254.00 264.40 10.40 3.42 Sericite/intense smoky quartz–ankerite
veining and Py-Asp and Sb. Including 261.50 264.40 2.90 6.52
GTY26-004 335.90 355.00 19.10 4.54
pervasive quartz–ankerite veining and Py-
Asp
Including 353.00 355.00 2.00 20.23
And 366.90 374.70 7.80 2.47
Including 366.90 368.00 1.10 13.59
GTY26-005 242.60 244.00 1.40 1.00 minor quartz–carbonate veining and trace
sulphides. And 270.10 272.50 2.40 3.38
GTY26-006 189.30 199.00 9.70 0.74 localized quartz veining and trace sulphides.
GTY26-008 186.46 188.46 2.00 1.02 dense smoky quartz veining within a chloritic
shear fabric;
Significant assay intersections in holes GTY26-001 to 005 are shown in long section in Figure 1 below:
Figure 1 – Long section showing Yellorex Zone 2026 drill holes with assay intersections.
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The following Table 2 below shows collar locations, azimuth and dip of the drill holes GTY26-001 to 006
and GTY26-008.
Hole Length_m UTM_Grid UTM_East UTM_North UTM_Elevation Azimuth Dip
GTY26-001 303.04 NAD83_Z11 635803 6922629 173.4 105 -57
GTY26-002 350 NAD83_Z11 635803 6922629 173.96 103 -53
GTY26-003 350 NAD83_Z11 635803 6922629 172.5 98 -61
GTY26-004 398 NAD83_Z11 635757.8 6922696 170.48 116 -61
GTY26-005 286.5 NAD83_Z11 635815 6922603 167.79 114 -64
GTY26-006 250.5 NAD83_Z11 635870 6922585 171.98 93 -61
GTY26-008 238.18 NAD83_Z11 635870 6922585 171.98 102 -53.5
Table 2 – Drill hole collar locations, azimuth and dip
The Yellorex area drilling targets are where the Company has already outlined a Mineral Resource
Estimates (MRE) in 2022, and where there is potential for additional ounces to be added between surface
and 700 metres depth. The drilling targets are shown in Figures 2 below and include:
• Yellorex Main Zone (YRX) – Holes already drilled on 30-50 metre spacing in 2021-2022 account
for more than 65% of the 2022 MRE calculated by Gold Terra
• Yellorex North (YRX -N) was drilled in 2023, and was not included in the Company’s 2022 MRE
(Refer to Oct. 21, 2022 Technical Report)
• C17 and the 3100' level —part of the Campbell Shear south of the main mine workings, drilled
historically from the 2300' and 3100' levels with some historic untested assays reported in the
Campbell Shear.
Figure 2 - Composite Long Section showing the location of the 2026 drilling program.
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.
Program update
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The current 2026 winter program in the Yellorex area is progressing very well with two (2) rigs having
completed 23 holes and 8,000 metres to date.
SLR Consulting is progressing very well with Gold Terra’s updated MRE being aimed for completion in
March 2026. The updated MRE will not include the 2026 drill program results but will seek to add the 103
North zone.
Technical Appendix
This news release reports the assay results from seven (7) drill holes from which 259 core samples were
assayed. Assays results range from non -detectable gold to a highest assay of 55.2 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 (“ALS”) in Yellowknife. After sample
preparation, samples are shipped to ALS’s Vancouver facility for gold analysis. Gold assays of >3 g/t are
re-assayed on a 50 g 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 percent true thickness.
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 kil ometres 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 focusin g its drilling on
the Campbell Shear, where approximately 14 Moz of gold has been produced, (refer to Gold Terra Oct 21,
2022, Technical R eport) 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 www.goldterracorp.com.
For more information, please contact:
Gerald Panneton, Chairman & CEO
Mara Strazdins, Investor Relations
Phone: 1-778-897-1590 | 416-710-0646
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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 a ll 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 Commissi on (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 substantiall y 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 were 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 o f
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 factor s that may cause the actual results, level of
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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 f uture
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.