Gold Terra Adds Another Intersection of 6.40 g/t Gold over 3.4 Metres in Zone 14-24, North Belt Area, Walsh Lake Gold Corridor, NWT
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Gold Terra Adds Another Intersection of 6.40 g/t Gold over 3.4 Metres in Zone 14-24, North Belt Area,
Walsh Lake Gold Corridor, NWT
Vancouver, BC – June 11, 2026 – Gold Terra Resource Corp. (TSX-V: YGT; Frankfurt: TX0; OTCQB: YGTFF)
(“Gold Terra” or the “ Company”) is pleased to announce additional assay results from the 2026 Winter
Drill Program designed to expand the Walsh Lake gold corridor situated in Gold Terra’s 100% owned
Yellowknife Project. Assay results are shown in Table 1 further in this press release and include drill hole
GTWL26-029 which intersected 6.40 g/t Gold over 3.4 Metres from 30.6 metres to 34.0 metres downhole
in the north area of the Walsh Lake corridor. The assays for the south part of the Walsh Lake corridor are
pending.
Chairman and CEO, Gerald Panneton, commented, "We always welcome more success from our
completed 2026 winter drilling program in the Walsh Lake gold corridor. Zone 14 -24 is the result of
extending zone 14 with zone 24 over a strike length of 300 metres. The 14-24 zone is open in all directions
and only drilled sporadically. We are only starting to scratch the surface of the Walsh Lake area, and we
already know that the area is very well endowed in multiple high grade gold structures that requires more
drilling next winter. The area is also situated just 20 kilometres north of the City of Yellowknife and
compliments our potential restart of the historic Con Mine once the purchase is completed (see news
release November 22, 2021).”
Extending Zone 14-24 (formerly Zone 14)
The Walsh Lake area has high potential to further expand this mineralized gold corridor. In 2022, 19 holes
for 6,011 metres were completed extending gold mineralization in the Pickel area with the addition of
two new gold zones, the Pickel and Zone 14. The 2026 drilling completed another nearly 5,000 metres of
drilling delineating a third mineralized zone, Zone 24, and expanding the Walsh Lake corridor to an area
of 700 metres by 200 metres.
Previously announced hole GTWL26-24 (see April 8, 2026 press release) confirmed the northern extension
of the broad Walsh Lake Gold corridor hosted in metasediments some 150 metres north of known
mineralization. The hole intersected two (2) very good gold mineralization zones separated by 200 metres
with multiple visible gold specks (22.46 g/t Au (uncut) over 5.7metres from 119.6 metres to 125.3 metres
downhole, including 198 g/t over 0.5 metres starting at 119.60 metres).
The extension of Zone 14-24 is shown in Figure 1 below. The discovery extension of this zone shows
excellent potential for the area and will warrant further drilling next winter.
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Figure 1 - Location map showing Zones 14-24 and Pickel Zone in the Walsh Lake Corridor
Assay Highlights
The 2026 winter program in the Northbelt - Walsh Lake area commenced on January 22 and concluded
on March 21, 2026, using two drill rigs for a total of 4,904.9 metres with 15 holes completed. The main
objective was to test the best area uncovered in the previous winter 2022 program (see August 25,
2022 press release) and to extend the known gold corridor beyond the previously drilled 500-metre strike
length.
Additional assays have been returned for six (6) additional holes in the north area of the Walsh Lake gold
corridor. Assay results for Zone 14-24 are shown in the Figure 2 longitudinal section below:
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Figure 2 – Longitudinal Section showing Zone 14-24 and significant assay results.
GTWL26-025: 1.11 g/t Au / 17.5 m
GTWL26-025 intersected 1.11 g/t Au over 17.5 metres from 139.5 metres – 157 metres. Locally within
this interval sulphide percentages of replacement style pyrrhotite and arsenopyrite range from 3% up to
15%. Multiple veins were observed within the interval including smokey quartz veins and sporadic salt
and pepper veins more typically observed throughout the Walsh Lake Area.
GTWL26-029: 6.40 g/t Au / 3.4 m
GTWL26-029 intersected 6.40 g/t Au over 3.4 metres from 30.6 metres – 34 metres, hosted in smokey
quartz veins often hosting sphalerite, and exhibits a mineralization style that is similar to hole GTWL26-
024 suggesting a broader mineralized zone.
GTWL26-031 and GTWL26-033: No significant values as some of the strike -extensions of known gold
zones were unsampled at the time but will be sampled and re-evaluated.
Assay intersections from the six holes are shown in Table 1 below.
Table 1 – 2026 Walsh Lake Area - North Zone Assay Results Holes 25, 26, 27, 29, 31 and 33
Hole
From
(m)
To
(m)
Width
(m)
Au
(g/t)
Azim Dip X Y Z
GTWL26-
025
139.5 157 17.5 1.11 90 -59 640040 6946027 181
Including 139.5 141.5 2 2.47
And
including
153 156 3 2.33
And 420 424.5 4.5 1.52
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GTWL26-
026
58.5 59 0.5 7.47 90 -57 640143 6946028 181
And 84 86 2 1.11
And 206.5 207.5 1 1.23
And 213.5 214.5 1 1.25
GTWL26-
027
No
Significant
Results
90 -62 640042 6946187 182
GTWL26-
029
30.6 34 3.4 6.40 89 -60 640067.13 6946094.36 182
And 86.25 87.25 1 1.21
GTWL26-
031
No
Significant
Results
89 -55 639954 6946213 182
GTWL26-
033
No
Significant
Results
86 -60 639946.73 6946320.15 182
Technical Appendix
This news release reports the assay results from six (6) drill holes from which 949 core samples were
assayed. Assays results range from non -detectable gold to a highest assay of 9.24 g/t Au. The Company
inserts certified standards and blanks into the sample stream as a check on laboratory Quality Control
(QC). Drill core samples are NQ size core, cut by diamond saw at Gold Terra’s core facilities in Yellowknife.
A halved core sample is left in the core box. The other half core is sampled and transported by Gold Terra
personnel in securely sealed bags to ALS preparation laboratory (“ALS”) in Yellowknife. After sample
preparation, samples are shipped to ALS’s Vancouver facility for gold analysis. Gold assays of >3 g/t are
re-assayed on a 50 g split by fire assay with gravimetric finish. Samples with visible gold are additionally
assayed using a screen metallic method. ALS is a certified and accredited laboratory service. ALS routinely
inserts certified gold standards, blanks and pulp duplicates, and results of all QC samples are reported.
Drill holes were drilled at right angles to the structure hosting the mineralization and dip angles of holes
were designed to intersect the zones as close to normal as possible. Zones reported here are interpreted
to be approximately 90 percent true thickness.
Additional Claim Staking
Gold Terra has recently staked some new ground immediately north of Con Mine property . The staking
took place on May 21, 2026 and covered an area that was open for staking at the time.
The technical information contained in this news release has been reviewed and approved by Joseph
Campbell, a Qualified Person as defined in National Instrument 43 -101 - Standards of Disclosure for
Mineral Projects and Senior Technical Advisor for the Company.
About Gold Terra
The Yellowknife Project (YP) encompasses 836 sq. km of contiguous land immediately north, south and
east of the City of Yellowknife in the Northwest Territories. Through a series of acquisitions, Gold Terra
controls one of the six major high -grade gold camps in Canada. Being within 10 kil ometres of the City of
Yellowknife, the YP is close to vital infrastructure, including all -season roads, air transportation, service
providers, hydro-electric power, and skilled tradespeople. Gold Terra is currently focusing its drilling on
the Campbell Shear, where approximately 14 Moz of gold has been produced, (refer to Gold Terra Oct 21,
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2022, Technical R eport) and most recently on the CMO property claims immediately south of the past
producing Con Mine which produced 6.1 Moz between the Con, Rycon, and Campbell shear structures
(1938-2003).
The YP and CMO properties lie on the Yellowknife greenstone belt, covering nearly 70 kilometres of strike
length along the main mineralized shear system that hosts the former -producing high-grade Con and
Giant gold mines. The Company's exploration programs have successfully identified significant zones of
gold mineralization and multiple targets that remain to be tested which reinforces the Company's
objective of re-establishing Yellowknife as one of the premier gold mining districts in Canada.
Visit our website at www.goldterracorp.com.
For more information, please contact:
Gerald Panneton, Chairman & CEO
Mara Strazdins, Investor Relations
Phone: 1-778-897-1590 | 416-710-0646
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 this release.
Information Concerning Estimates of Mineral Resources
Mineral Resources that are not Mineral Reserves do not have demonstrated economic viability. Therefore,
investors are cautioned not to assume that all or any part of an Inferred Mineral Resource could ever be
mined economically. It cannot be assumed that a ll or any part of “Measured Mineral Resources,”
“Indicated Mineral Resources,” or “Inferred Mineral Resources” will ever be upgraded to a higher
category. The Mineral Resource estimates contained herein may be subject to legal, political,
environmental or other risks that could materially affect the potential development of such mineral
resources. Refer to the Technical Report, once filed, for more information with respect to the key
assumptions, parameters, methods and risks of determination associated with the foregoing.
Cautionary Note to United States Investors
The Company prepares its disclosure in accordance with the requirements of securities laws in effect in
Canada, which differ from the requirements of U.S. securities laws. Terms relating to Mineral Resources
in this news release are defined in accordance with NI 43 -101 under the guidelines set out in CIM
Definition Standards on Mineral Resources and Mineral Reserves, adopted by the Canadian Institute of
Mining, Metallurgy and Petroleum Council on May 19, 2014, as amended ("CIM Standards"). The U.S.
Securities and Exchange Commissi on (the "SEC") has adopted amendments effective February 25, 2019
(the "SEC Modernization Rules") to its disclosure rules to modernize the mineral property disclosure
requirements for issuers whose securities are registered with the SEC under the U.S. Securities Exchange
Act of 1934. As a result of the adoption of the SEC Modernization Rules, the SEC will now recognize
estimates of "Measured Mineral Resources", "Indicated Mineral Resources" and "Inferred Mineral
Resources", which are defined in substantiall y similar terms to the corresponding CIM Standards. In
addition, the SEC has amended its definitions of "Proven Mineral Reserves" and "Probable Mineral
Reserves" to be substantially similar to the corresponding CIM Standards.
U.S. investors are cautioned that while the foregoing terms are "substantially similar" to corresponding
definitions under the CIM Standards, there are differences in the definitions under the SEC Modernization
Rules and the CIM Standards. Accordingly, there is no assurance any Mineral Resources that the Company
may report as "Measured Mineral Resources", "Indicated Mineral Resources" and "Inferred Mineral
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Resources" under NI 43 -101 would be the same had the Company prepared the Mineral Resource
estimates under the standards adopted under the SEC Modernization Rules. In accordance with Canadian
securities laws, estimates of "Inferred Mineral Resources" canno t form the basis of feasibility or other
economic studies, except in limited circumstances were permitted under NI 43-101.
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information regarding the current drilling on the Campbell Shear, potentially adding ounces to the
Company’s current YCG mineral resource, and the Company's objective of re-establishing Yellowknife as
one of the premier gold mining districts in Canada.
There can be no assurance that such statements will prove to be accurate, as the Company's actual results
and future events could differ materially from those anticipated in this forward -looking information as a
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