X-Terra Resources announces final closing of private placement for an additional $400,000 /NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR DISSEMINATION IN THE UNITED STATES/

X-Terra Resources announces final closing of

private placement for an additional $400,000

/NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR DISSEMINATION IN THE

UNITED STATES/

ROUYN-NORANDA, QC

,

Dec. 30, 2019

/CNW Telbec/ - X-Terra Resources Inc. (TSXV: XTT)

(FRANKFURT: XTR) is pleased to announce that it has held a final closing of its previously-

announced non-brokered private placement at which it issued 3,200,000

Quebec

"flow-through"

common shares at a price of

$0.125

per share for gross proceeds to X-Terra Resources of

$400,000

. X-Terra Resources intends to use the proceeds from the private placement for

exploration on certain of its mining exploration properties in Québec.

In connection with the private placement, X-Terra Resources paid cash commissions to two

securities dealers in an aggregate amount of

$24,000

. As a result of the second and final closing of

the private placement, there are 58,795,053 common shares of X-Terra Resources issued and

outstanding. Under applicable securities legislation, the common shares issued in the private

placement are subject to a four-month hold period, expiring on May 1, 2020.

About X-Terra Resources Inc.

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

energy properties in

Canada

.

Website:

http://www.xterraresources.com/

SOURCE

X-Terra Resources Inc.

View original content:

http://www.newswire.ca/en/releases/archive/December2019/30/c6218.html

%SEDAR: 00035962E

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]

CO: X-Terra Resources Inc.

CNW 16:00e 30-DEC-19