X-Terra announces results of its annual general meeting of shareholders

X-Terra announces results of its annual

general meeting of shareholders

ROUYN-NORANDA, QC

, June 27, 2019 /CNW Telbec/ - X-Terra Resources Inc. (TSXV: XTT)

(FRANKFURT: XTR) is pleased to announce the results of its annual meeting of shareholders held

on

May 30, 2019

in

Rouyn-Noranda

, Québec. At the meeting, shareholders elected

Michael

Ferreira

,

Sylvain Champagne

, Jean-François Madore, Sébastien Bellefleur,

Michael Byron

and

Kim

Oishi

as members of the Board of Directors of X-Terra. The shareholders also re-appointed

PricewaterhouseCoopers LLP, Chartered Professional Accountants, as the auditors of X

Terra.

X-Terra also announces that following the shareholders' meeting, the Board of Directors appointed

Michael Ferreira

as chairman of the Board of Directors, President and Chief Executive Officer of X-

Terra and

Sylvain Champagne

as Secretary and Chief Financial Officer.

X-Terra also announces that its Board of Directors has today granted, subject to regulatory

approval, including that of the TSX Venture Exchange, stock options in respect of 1,625,000

common shares to X-Terra's six directors and three consultants. The options were granted pursuant

to X-Terra's stock option plan. The exercise price of the options is

$0.10

, which is higher to the

closing price of X-Terra's common shares on the TSX Venture Exchange on Wednesday, June 26,

2019. The options expire on

June 27, 2029

and vested immediately.

About X-Terra Resources Inc.

X-Terra Resources is a resource company focused on acquiring and exploring precious metals and

energy properties in

Canada

.

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

the release.

SOURCE

X-Terra Resources Inc.

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http://www.newswire.ca/en/releases/archive/June2019/27/c6075.html

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For further information:

X-Terra Resources Inc., Michael Ferreira, President and Chief Executive

Officer, 139 Québec Avenue, Suite 202, Rouyn-Noranda, Québec, J9X 6M8, Telephone: 819-762-

4101 | Fax: 819-762-0097, E-mail: [email protected], Website: www.xterraresources.com

CO: X-Terra Resources Inc.

CNW 17:03e 27-JUN-19