X-Terra Resources Grant Options

X-Terra Resources Grant Options

ROUYN-NORANDA, QC

,

July 10, 2020

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

(FRANKFURT: XTR) ("

X-Terra

") announces that its Board of Directors granted stock options in

respect of an aggregate of 2,200,000 common shares to X-Terra's Directors, Officers and four

consultants. The exercise price of the options is

$0.15

per share, which is higher than the closing

price of X-Terra's common shares on the TSX Venture Exchange on

Thursday July 9, 2020

. The

options vest immediately and will expire in ten years. The options were granted under X-Terra's

Stock Option Plan.

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

.

SOURCE

X-Terra Resources Inc.

View original content:

http://www.newswire.ca/en/releases/archive/July2020/10/c0947.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 15:35e 10-JUL-20