Gold Terra Announces Annual General and Special Meeting Results and Grants Options

VANCOUVER, BC / ACCESSWIRE / June 13, 2022 / Gold Terra Resource Corp. (TSX-V:YGT)(Frankfurt:TX0)(OTCQX:YGTFF) ("Gold Terra" or the "Company") announces that all matters submitted to the shareholders for approval as set out in the Company's Notice of Meeting and Information Circular which were mailed to shareholders in connection with the meeting were approved at the Company's Annual General and Special Meeting held in Vancouver, BC, on June 7, 2022.

The shareholders elected Gerald Panneton (Chair), Louis Dionne, Patsie Ducharme, Laurie Gaborit, Stuart Rogers, and Hellen Siwanowicz as directors of the Company for the forthcoming year.

Shareholders approved the Company's new 10% rolling stock option plan and the reappointment of Dale Matheson Carr-Hilton Labonte LLP, Chartered Professional Accountants, as the auditor of the Company for the ensuing year with their remuneration to be fixed by the board of directors.

In addition, the Company announces the grant of incentive stock options under the Company's stock option plan to its officers, employees and consultants to purchase up to an aggregate of 943,750 treasury shares. The options are exercisable at a price of $0.24 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. Gold 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 claims immediately south of the past producing Con Mine (1938-2003).