CLIC.V · 2020-08-10 12:00:00

X-Terra Resources completes geochemical sampling program at the Grog target

Exploration Programs

X-Terra Resources completes geochemical

sampling program at the Grog target

ROUYN-NORANDA, QC

Aug. 10, 2020

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

(FRANKFURT: XTR) ("

X-Terra

") is pleased to announce that it has completed a soil sampling

program over the Grog target, on the Grog property located in

Restigouche

county,

New Brunswick

Following the interpretation of field data, including the first phase of drill testing (see X-Terra press

release dated

May 5, 2020

), a detailed ground IP geophysics survey will be commencing this week

with the goal of further validating targets for a drill program planned for later in 2020.

To date, the Grog area has only been tested by three diamond drill holes totalling 600 metres drilled

on one section. The gold bearing structure was intersected by hole GRG-20-012 with a result of

0.46 g/t over 31 metres. Geological interpretation and the geophysical signature of the Grog area

identified targets which are parallel to the GRG-20-012 discovery. The exploration footprint of the

Grog system corresponds to an area extending approximately 2 kilometres following an east-west

trend.

The Grog system is located close of the

Bathurst

mining camp in the northern Appalachian Belt. X-

Terra sees similarities with the Haile gold deposit currently in production by OceanaGold (TSX:

OGC). The Haile gold mine deposit, located in

South Carolina

, presents many important similarities

which can be used to better define an Appalachian type of gold deposit, and provides a geological

model for an economic target in the Grog context.

Geological characteristics*

Grog, New-Brunswick

(grass root exploration,

drilling stage)

Haile, South Carolina

(producing mine)

Part of a subduction zone-oceanic island arc complex. Transition from volcanism to shoal sedimentation. Mineralization

mainly hosted in fine grain sediments.

Long life asymmetrical folded structure of north-east orientation with sub-parallel faults and shear zones controlling

mineralization.

Different event of quartz and quartz-carbonate veins within stockworks and breccia.

Alteration within mineralization: early massive silicification, later matrix filling with sericite and local K feldspar. Moderate

pyrite: 1-10%

Peripheric alteration: Chlorite-calcite-epidote

Disclosure: This information is strictly for deposit model comparisons and does not imply the Company's property may host similar quantities of mineralization.

* Information used to illustrate the size and characteristics of the Haile deposit originates from: NI

43-101 Technical Report Haile Gold Mine

Lancaster County, South Carolina

, dated

August 9, 2017

Report prepared for OceanaGold Corporation by SRK Consulting (U.S.), Inc. A copy of which is

available on OceanaGold Corporation' profile on SEDAR at

www.sedar.com

"Since the COVID pandemic began in March, we have been preparing to move the Grog project

forward towards the second phase of drilling which will allow us to finally follow up on the initial

discovery made earlier this year. The soil geochemistry and pending IP survey are concentrated to

validate targets that have already been identified throughout our exhaustive compilation and our 3D

magnetic modeling." stated

Michael Ferreira

, President and Chief Executive Officer of X-Terra. "We

are well positioned to enhance shareholder value with drill programs on the Grog property and

Troilus East. We expect to publish the results of 478 chip samples from Troilus East samples

results shortly."

X-Terra Resources completes geochemical sampling program at the Grog target (CNW Group/X-

Terra Resources Inc.)

The

$35,000

grant recently received as part of the New Brunswick Junior Mining Assistance

Program was used in part to execute this survey to further characterize the drill targets for the

upcoming second phase of drilling.

In addition, part of the soil sampling also covered part of the Rim vein showing which is exposed for

more than 200 metres, where X-Terra has obtained high grade gold results up to 1,205.06 g/t Au

(see X-Terra press release dated

December 5, 2018

). Given this showing has never been drilled,

the soil sampling results are intended to highlight a stockwork of parallel veins possibly related to a

strike slip fault. It will make up part of the drill targeting initiatives set to commence along with the

Grog drill program in

September 2020

. See image and table below.

Sample #2003 highlighting Visible Gold from the Rim Vein is a selected sample and may not

represent average grades hosted on the property. (CNW Group/X-Terra Resources Inc.)

Sample

g/t

g/t >5.0

g/t MS

SAA

Gravimetric

TMT-G5B

TMT-G5C

2001

207.61

2002

12.88

13.18

2003

65.26

60.45

2004

149.03

2005

32.95

2006

378.22

2007

4.53

2008

247.15

2009

33.56

2010

1,205.06

Note: Grab samples are selective by nature and may not be

representative of average grades hosted on the

property.

Qualified Person

Jeannot Théberge, P. Geo registered in the Provinces of Québec and

New-Brunswick

, a consultant

to X-Terra, a qualified person

under National Instrument 43

–

101 Standards of Disclosure for

Mineral Projects

(

NI 43-101

has reviewed the technical contents of this news release and has

approved the disclosure of the technical information contained herein.

Quality assurance/quality control.

X-Terra adheres to a strict quality assurance and quality control program with regard to core

handling, sampling, transportation of samples and lab analyses. Samples selected for assay were

shipped via secure transportation to the Techni-Lab (S.G.B. Abitibi Inc.) preparation facility in Ste-

Germaine Boulé, QC. Rock samples were assayed for gold by standard fire assay on 30-gram

fractions with atomic absorption (TMT-G5B) or gravimetric finish (TMT-G5C) at Techni-Lab (S.G.B.

Abitibi Inc.). Samples with visible gold or above 5,000 ppb Au were further analyzed by metallic

screen with fire assay (TMT-G5C). The exploration program is designed and the results are

interpreted by qualified persons using a quality assurance/quality control program based on industry

best practices, including the use of standards and blanks for every 24 samples.

Forward-Looking Statements

This news release contains statements that may constitute "forward-looking information" within the

meaning of applicable Canadian securities legislation. Forward-looking information may include,

among others, statements regarding the future plans, costs, objectives or performance of X-Terra,

or the assumptions underlying any of the foregoing. In this news release, words such as "may",

"would", "could", "will", "likely", "believe", "expect", "anticipate", "intend", "plan", "estimate" and

similar words and the negative form thereof are used to identify forward-looking statements.

Forward-looking statements should not be read as guarantees of future performance or results, and

will not necessarily be accurate indications of whether, or the times at or by which, such future

performance will be achieved. No assurance can be given that any events anticipated by the

forward-looking information will transpire or occur, including the exploration programs and

development (including any drilling programs) of the Troilus East and/or the Grog and Northwest

Properties, or if it does so, what benefits X-Terra will derive from the Troilus East and/or the Grog

and Northwest Properties. Forward-looking information is based on information available at the time

and/or management's good-faith belief with respect to future events and are subject to known or

unknown risks, uncertainties, assumptions and other unpredictable factors, many of which are

beyond X-Terra's control. These risks, uncertainties and assumptions include, but are not limited to,

those described under "Financial Instruments" and "Risk and Uncertainties in X-Terra's Annual

Report for the fiscal year ended

December 31, 2019

, a copy of which is available on SEDAR at

www.sedar.com

, and could cause actual events or results to differ materially from those projected in

any forward-looking statements. X-Terra does not intend, nor does X-Terra undertake any

obligation, to update or revise any forward-looking information contained in this news release to

reflect subsequent information, events or circumstances or otherwise, except if required by

applicable laws.

About X-Terra Resources Inc.

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

Website:

www.xterraresources.com

SOURCE

X-Terra Resources Inc.

View original content to download multimedia:

http://www.newswire.ca/en/releases/archive/August2020/10/c0780.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]

CO: X-Terra Resources Inc.

CNW 10:59e 10-AUG-20

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