Gold Terra Announces Appointment of Paul Bonneville as Director and Grants Options
1 / 2
Gold Terra Announces Appointment of Paul Bonneville as Director and Grants Options
August 22, 2023, Vancouver, B.C. – Gold Terra Resource Corp. (TSX -V: YGT; Frankfurt: TX0; OTC QX:
YGTFF) (“Gold Terra” or the “Company”) today is pleased to announce the appointment of Paul Bonneville
to the Board of Directors of the Company and as a member of the Audit Committee subject to approval
of the TSX Venture Exchange.
Mr. Paul Bonneville is a mining engineer with over 30 years of experience in the mining industry in Canada.
Most recently, he was VP and Director of PRB Mining Services Inc. with work on many large projects
including Operations Director for the Critical Elements Lithium Corporation Rose Lithium -Tantalum
Project, as well as mine design and feasibility studies for Abcourt Mines Inc. and Bumigeme Inc. Prior to
that he was a consultant for Mine Tech Services, Vice President Operations for Scorpio Mining and Vice
President Mines for Cadiscor Resources. He worked for Dumas Contracting as Project Manager at the Lapa
and Goldex shaft projects and for Ross -Finlay Ltd., where he held a range of positions, including P roject
Manager at the Bell-Allard shaft project and the Silidor project, and at Pan American Silver Corp. He has
also managed several overseas operations. Paul is a graduate of Queen’s University in Mining Engineering
and a member of several professional affiliations including Ordre des ingénieurs du Québec, Professional
Engineers of Ontario, Society of Mining Engineers and the Canadian Institute of Mining and Metallurgy.
"On behalf of the Board of Directors, I would like to welcome Paul to the Board," said Gerald Panneton,
Chairman & CEO of Gold Terra. "H is level of experience and knowledge in mine design, preliminary
economic a ssessment, feasibility studies , operations, underground development, construction, and
production is a tremendous asset for Gold Terra as we aim towards a potential future development plan.
The Board of Directors have approved a grant of stock options under the Company’s stock option plan to
its officers, employees and consultants to purchase up to an aggregate of 1,225,000 common shares. The
options are exercisable at a price of $0.10 per share for a period of 5 years and are subject to the policies
of the TSX Venture Exchange and the Company's stock option plan which includes a vesting period
beginning six months after issue for 25% of the options, and 25% every six months following.
About Gold Terra
The Yellowknife Project (YP) encompass es 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
controls one of the six major high -grade gold camps in Canada. Being within 10 kilometr es 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.
2 / 2
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 risks, uncertainties and other factor s 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 on 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.sedarplus.ca.
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 b e no assurance that such statements will prove to be accurate, as actual results and future
events could differ materially from those anticipated in such statements. All of the forward -looking
information contained in this news release is qualified by thes e 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 Com pany does not intend, and does not assume any obligation, to update this forward -
looking information.