Gold Terra Contracts SLR for Preliminary Economic Assessment on the Con Mine Property and the Crestaurum Deposit, Yellowknife, NWT
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Gold Terra Contracts SLR for Preliminary Economic Assessment on the Con Mine Property and the
Crestaurum Deposit, Yellowknife, NWT
Vancouver, BC – June 15, 2026 – Gold Terra Resource Corp. (TSX-V: YGT; Frankfurt: TX0; OTCQB: YGTFF)
(“Gold Terra ” or the “ Company”) is pleased to announce the Company has engaged SLR Consulting
(Canada) Ltd ("SLR") to complete a Preliminary Economic Assessment (“PEA”) prepared in accordance with
NI 43 -101 to assess the potential of Con Mine property and its future development potential, which
includes the Yellorex area, Zone 103N, and also the gold content in the historical tailings. In addition, the
PEA will also include the development of a satellite deposit, Crestaurum, located approximately 20
kilometres northwest of Yellowknife, NWT and part of the Yellowknife Project (“YP”),
The PEA has already started and is currently anticipated to be completed in December 2026, with the
objective of completing all the necessary studies to a level of a pre-feasibility study (PFS) and to position
the project toward the short form permitting process, including a new Mine Plan, progressive remediation
and a future Closure Plan. This engagement represents a key milestone in the Company’s growth strategy,
as the PEA is expected to provide a good foundation for the potential future development of the project.
Chairman and CEO, Gerald Panneton, commented, "The PEA study is the major step towards bringing the
project towards possible development and potential future production. The PEA is to be based on the
recent May 15, 2026 press release announcement on adding 595,000 Inferred ounces within 5.1 million
tonnes grading 3.64 g/t gold on the 103N zone, and the updated mineral resource study due in September
2026, with the addition of almost 20,000 metres of drilling unaccounted for. After spending nearly C$ 19
million in drilling, we look forward to the potential restart of the historic Con Mine once the purchase is
completed (see news release November 22, 2021).”
SLR was selected based on its extensive experience in mining engineering, mineral economics, and project
development. SLR recently completed an updated 2026 Mineral Resource estimate on the Yellorex, Zone
103N, and Crestaurum deposits, all part of its YP (refer to the May 15, 2026 press release).
SLR will act in capacity of Lead Consultant. SLR has retained the services of Nordmin Engineering Ltd of
Thunder Bay, Ontario, to undertake some of the study scope of work, notably engineering associated with
the site and mine infrastructure and the process plant.
WSP Canada Inc. (WSP), a global engineering and professional services firm, will be responsible for part
of the study pertaining to the PFS of tailings storage facility and to the environmental studies, permitting,
and social impact.
WSP has already completed a conceptual design of a downstream tailing storage facility that is contained
within the Mining Lease boundaries of the Con Mine, which seeks to simplify the project footprint without
requiring additional surface rights.
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
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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 historical 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 She ar, where approximately 14 Moz of gold has been produced, (refer to Gold
Terra Oct 21, 2022, Technical Report) 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 w ith 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 Commission (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 substantially similar terms to the corresponding CIM Standards. In
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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
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" cannot form the basis of feasibility or other
economic studies, except in limited circumstances were permitted under NI 43-101.
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 o f
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 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.
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 f uture
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.