Gold Terra Resource Corp. is confirming that the Yellowknife drill program has been suspended for the time being due to the current Yellowknife wildfire evacuation order. As a precaution the Company has decided to suspend its drilling activities commencing Wednesday August 16th, 2023 until further notification.

Drill Hole GTCM23-055 Highlights: Hole GTCM23-05 has reached a depth of 1900 metres, Hole GTCM23-057 is currently at the depth of 1773 metres, The Campbell Shear zone is expected to be intersected around 2150 metres, The Con shear zone was intersected at 858 metres with assay results for gold mineralization as follows: 1.06 g/t over 6.4metres from 864.6metres, 1.67 g/t over 1.5 metres from 877.65 metres, 1.5 g/t Auover 4.5 metres from 898.7 metres Including 4.03 g/t Au over 0.05 metres at 898.7 -899.2 metres, and Including 3.76 g/t Au over 0.,7 metres at 902.5 -903.2 metres. The anomalous gold intersected in the Con shear is indicative of two important points: the zone is open, and gold mineralization is present. The focus of the 2023 drilling program is to expand the September 2022 initial Mineral Resource Estimate ("MRE") of 109,000 Indicated ounces of contained gold and 432,000 Inferred ounces of contained gold between surface and to a depth of 400 metres below surface along a 2-kilometre corridor of the Campbell Shear.