Gold Terra Grants Options
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Gold Terra Grants Options
December 30, 2022, Vancouver, B.C. – Gold Terra Resource Corp. (TSX-V: YGT; Frankfurt:
TX0; OTC QX: YGTFF) (“Gold Terra” or the “Company”) announces that the Board of Directors
have approved a grant of stock options under the Company’s stock option plan to its directors,
officers, employees, and consultants to purchase up to an aggregate of 1,000,000 treasury shares
at $0.20.
The options are exercisable at a price of $0.20 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’s Yellowknife City Gold Project
The Yellowknife City Gold (“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 providers, hydro -electric
power, and skilled tradespeople. G old 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 property (6.1 Moz produced at 16 to 20 g/t Au between 1938 and 2003) since November
2021. The Company is planning to start its drill program on the Con Mine Option in mid-January,
as drilling preparation, and ice road are in progress.
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.
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.
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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 b ased on estimates and assumptions that are
inherently subject to known and unknown risks, 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 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" se ction 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 future events could differ materially f rom 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 inheren t 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.