Gold Terra Resource Corp. announced that the 8,000-metre winter drilling program on the Con Mine Option (CMO) Property in Yellowknife, NWT is progressing well with the completion of the first eight holes designed to expand the Yellorex North gold zone. The CMO property is under option from subsidiaries of Newmont Corporation and is acquirable by the Company upon fulfillment of certain conditions set out in the CMO agreement, as reported in the Company's news release dated November 22, 2021.

Assays are pending and anticipated to be received in March. Drilling Update Highlights: Eight holes (GTCM23-042 to 049) have been completed on the Yellorex North zone for a total of 3076.53 metres. Next Steps: Drilling will continue over a 2-kilometre stretch along the Campbell Shear south of the Con Mine as follows: Three to four holes on the Kam North and Con81 zones, and One hole to test the down-dip depth extension the Yellorex Deposit.

Another 2,000 metres to 3,000 metres is anticipated as follow-up to areas of interest. A second drill capable of drilling 2,500 metres depth down the hole, will be moving to the target site and is expected to start drilling in March, once the planning of the target is completed. The objective is to drill the high-grade gold shoots beneath the Con Mine workings, at approximately -2000 metres vertical.