X-Terra Resources amends incentive Stock Option Plan

X-Terra Resources amends incentive Stock

Option Plan

ROUYN-NORANDA, QC

, May 13, 2020 /CNW Telbec/ - X-Terra Resources Inc. (TSXV: XTT)

(FRANKFURT: XTR) ("

X-Terra

") announces that on May 11, 2020, the Board of Directors has

approved an amendment to the 2014 Stock Option Plan (the "

Plan

") to increase the maximum

number of common shares reserved for issuance under the Plan pursuant to the exercise of option

from 3,573,170 to 6,216,710. The new limit represents approximately 9.9% of the current issued

and outstanding number of common shares of X-Terra. The amendment of the Plan is subject to

receipt of TSX Venture Exchange approval.

About X-Terra Resources Inc.

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

properties in

Canada

.

Cautionary statement:

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.

View original content:

http://www.newswire.ca/en/releases/archive/May2020/13/c0899.html

%SEDAR: 00035962E

For further information:

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

Officer, 147 Québec Avenue, 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 16:44e 13-MAY-20