Gold Terra Announces 2023 Annual General and Special Meeting Results
1 / 3
Gold Terra Announces 2023 Annual General and Special Meeting Results
Vancouver, BC – June 15, 2023 – Gold Terra Resource Corp. (TSX-V: YGT; Frankfurt: TX0; OTCQX: YGTFF)
(“Gold Terra” or the “Company”) announces that all matters submitted to the shareholders for approval
as set out in the Company's Notice of Meeting and Information Circular which were mailed to
shareholders in connection with the meeting , were approved at the Company's Annual General and
Special Meeting held in Vancouver, BC, on June 14, 2023.
The shareholders elected Gerald Panneton (Chair), Patsie Ducharme, Laurie Gaborit, and Hellen
Siwanowicz as directors of the Company for the forthcoming year.
Louis Dionne has stepped down as a director but will continue as a Senior Technical Advisor for Gold Terra
on an as -needed basis . Mr. Dionne, a seasoned mining engineer, brings a wealth of expertise to the
Company with many achievements over his career span . Mr. Dionne wa s director at Detour Gold
Corporation (Detour) from 2006 to 2014 and an instrumental part of the team that helped build the
Detour Lake mine into the largest Canadian gold mine. Prior to his involvement with Detour, he was mine
manager at Camflo Mines in Quebec , under the late Bob Smith , which eventually became Barrick Gold
Corporation (Barrick). Mr. Dionne spent over 20 years in the operations , development, mergers , and
acquisitions of gold properties as Senior Vice President, Underground Operations for Barrick. He
developed the high grade Meikle mine and Rodeo project in Nevada and the Holt-McDermott Mine in
Ontario. Following his tenure at Barrick, Mr. Dionne became President and CEO of Richmont Mines Inc.
(2002 -2005), a junior gold producer with operations in Quebec and Newfoundland. During his tenure, he
was instrumental in the acquisition of the Island Gold mine, now owned by and operated by Alamos Gold
Inc. Mr. Dionne was also a director of Aurizon Mines from 2006-2013.
Chairman and CEO Gerald Panneton stated, “Thank you Louis for many years of exce llent counselling,
and mentoring. Louis has contributed greatly to our technical success, and we look forward to his
ongoing technical support in his new role as Senior Technical Advisor . We thank all our shareholders
for their support over the years, and on the last successful financing, as we continue to focus on our
quest to define more ounces at the Con Mine Option property.”
Shareholders approved the reappointment of Dale Matheson Carr -Hilton Labonte LLP, Chartered
Professional Accountants, as the auditor of the Company for the ensuing year with their remuneration to
be fixed by the board of directors.
Con Mine Option Property Deep Drilling Update
Drilling is progressing well with drill hole GTCM23-055 targeting high grade gold mineralization beneath
the mine workings on the northern end of the Campbell Shear. The hole is over half-way to its target depth
of 2,400 metres with the hole currently at approximately 1,300 metres down-hole, with no issues on dip
and or azimuth objectives.
About Gold Terra
The Yellowknife Project (YP) encompasses 918 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
2 / 3
controls one of the six major high -grade gold camps in Canada. Being within 10 kilomet res 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 prolific Campbell Shear, where 14 Moz of gold has been produced, and most recently on the Con Mine
Option (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 prolific 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, Manager of Investor Relations
Phone: 1-778-897-1590 | 604-689-1749 ext 102
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.
Cautionary Note Regarding Forward-Looking Information
Certain statements made and information contained in this news release constitute "forward -looking
information" within the meaning of applicable securities legislation (" forward-looking information ").
Generally, this forward-looking information can, but not always, be identified by use of forward -looking
terminology such as "plans", "expects" or "does not expect", "is expected", "budget", "scheduled",
"estimates", "forecasts", "intends", "anticipates" or "does not anticipate", or "believes", or variations of
such words and phrases or statements that certain actions, events, conditions or results "will", "may",
"could", "would", "might" or "will be taken", "occur" or "be achieved" or the negative connotations
thereof.
All statements other than statements of historical fact may be forward -looking information. Forward -
looking information is necessarily based on estimates and assumptions that are inherently subject to
known and unknown risk s, uncertainties and other factors that may cause the actual results, level of
activity, performance or achievements of the Company to be materially different from those expressed
or implied by such forward-looking information. In particular, this news release contains forward-looking
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
result of the factors discussed in the "Risk Factors" section in the Company's most recent MD&A and
annual information form available under the Company's profile at www.sedar.com.
3 / 3
Although the Company has attempted to identify important factors that would cause actual results to
differ materially from those contained in forward -looking information, there may be other factors that
cause results not to be as anticipated, estimated or intended. The forward-looking information contained
in this news release is based on information available to the Company as of the date of this news release.
There can be no assurance that such statements will prove to be accurate, as actual results and futur e
events could differ materially from those anticipated in such statements. All of the forward -looking
information contained in this news release is qualified by these cautionary statements. Readers are
cautioned not to place undue reliance on forward -looking information due to the inherent uncertainty
thereof. Except as required under applicable securities legislation and regulations applicable to the
Company, the Company does not intend, and does not assume any obligation, to update this forward -
looking information.