Gold Terra Resource Corp. provided an update on its deep drilling directional program designed to establish the extension of high-grade gold mineralization in the Campbell Shear (CS) below the Con Mine underground workings on the Con Mine Option (CMO) Property. The CMO Property is under option from subsidiaries of Newmont Corporation and is 100% acquirable by the Company upon fulfillment of certain conditions set out in the CMO Property agreement, as reported in the Company's news release dated November 22, 2021.

2023 Highlights post last Mineral Resource Estimate; Completion of 5,769 metre drilling program to expand the Campbell Shear gold structure (CS) near surface at the Yellorex zones south of the existing Con Mine underground workings. The first deep drill hole GTCM23-055 completed in October (2,228 metres from surface) intersected the CS some 200 metres below the Robertson shaft (-1900 metres) with an excellent high-grade intersection of 12.70 g/t Au over 1.7 metres. The confirmation of the extension of the high-grade CS structure at depth opens up the high-grade Campbell Shear zone in all directions.

The company controls + 70km of the CS structure north and south of the Con Mine option where it holds 100% of the district potential outlined in the last mineral resource update of September 2022 with multiple high-grade satellite zones that could potentially contribute to a larger mill operation. The deep drilling program targeting the CS at depth is expected to resume the week of January 8th 2024, with Foraco drilling company. The next hole is a lateral wedge from GTCM23-055, the Master hole, targeting the CS some 75 metres north of the first high-grade gold intersection.