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CLIC.V ·

X-Terra Resources Grants Stock Options

Share Capital & Compensation

X-TERRA RESOURCES GRANTS STOCK

OPTIONS

/NOT FOR DISTRIBUTION TO

UNITED STATES

NEWSWIRE SERVICES OR FOR

DISSEMINATION IN

THE UNITED STATES

/

ROUYN-NORANDA, QC

,

March 9, 2023

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

(FRANKFURT: XTR) (the "

Corporation

") announces that its Board of Directors granted stock

options in respect of an aggregate of 700,000 common shares to the Corporation' Directors and

Officers. The exercise price of the options is

$1.00

per share, which is higher to the closing price of

the Corporation's common shares on the TSX Venture Exchange on

Tuesday March 8, 2023

. The

options vest immediately and will expire in ten years. The options were granted under the

Corporation's 2022 omnibus equity incentive plan.

About X-Terra

X-Terra Resources is a resource company focused on acquiring and exploring lithium and 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:

http://www.newswire.ca/en/releases/archive/March2023/09/c1136.html

%SEDAR: 00035962E

For further information:

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

Officer, 147 Québec Avenue (back door), Rouyn-Noranda, Québec, J9X 6M8, E-mail:

[email protected]

CO: X-Terra Resources Inc.

CNW 08:00e 09-MAR-23