Gold Terra Announces Director Appointment and Resignation
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Gold Terra Announces Director Appointment and Resignation
August 16 2021, 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 Patsie
Ducharme, CPA, CGA as a director of the Company and chair of the Audit Committee subject to approval
of the TSX Venture Exchange.
Ms. Ducharme is a financial executive who brings over 25 years of experience in projects, mergers and
acquisitions, financing, operations and strategic development in the mining, pulp, paper, forestry, and
packaging sectors. Ms. Ducharme is a Chartered Professional Accountant and has over 1 5 years of
experience as a Chief Financial Officer. She is currently Chief Financial Officer and Corporate Secretary of
a private company as well as a Board Member and Audit Committee Member of Kruger Specialty Papers
Holding. Ms. Ducharme has a strong background in the development and execution of strategic plans
that include large construction projects and major capital expenditures.
In connection with Ms. Ducharme’s appointment, the Company also announces that Ms. Elif Lévesque, is
stepping down as a director. The board of directors would like to thank Ms. Lévesque for her contributions
to the Company. Ms. Levesque has added significant value to the Company for many years since 2015 and
will be greatly missed for her large contribution to the financial and audit reviews. The board of directors
remains at seven directors serving on Gold Terra's Board, including four independent, non -executive
directors.
"On behalf of the Board of Directors, I would like to welcome Patsie to the Board," said Gerald Panneton,
Executive Chairman of Gold Terra. "Her level of experience and knowledge linked to strategic
development and execution in the natural resource and commodity sectors will add greatly to the Board's
skills as Gold Terra continues to advance and realize the full value potential of its Yellowknife City Gold
Project."
Ms. Ducharme has been granted 200,000 stock options exercisable at C$0.26 per share for a period of 5
years, subject to the policies of the TSX Venture Exchange and the Company's stock option plan.
About Gold Terra’s Yellowknife City Gold Project
The YCG project encompasses 800 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 kilometres of the City of Yellowknife,
the YCG is close to vital infrastructure, including all -season roads, air transportation, service provi ders,
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 Newmont
exploration claims immediately south of the past producing Con Mine (1938-2003).
The YCG lies on the prolific Yellowknife greenstone belt, covering nearly 70 kilometres of strike length
along the main mineralized shear system that host 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.
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Visit our website at www.goldterracorp.com.
For more information, please contact:
David Suda, President and CEO
Phone: 604-928-3101 | Toll-Free: 1-855-737-2684
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, co nditions 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.sedar.com.
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 statement s 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 these cautionary statements. Readers a re
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.
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