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Nicola Mining has signed a purchase agreement for gold and silver concentrate with Ocean Partners Holdings

Gold Terra announces changes and simplifies its management structure

23. December 2021And Vancouver, British Columbia – Gold Terra Resource Corp. (TSX-V: YGT; Frankfurt: TX0; OTC QX: YGTFF) (‘Gold Terra’ or ‘The Company’ ) Today it is reported on the restructuring senior managementas a company for him explorations Regarding the recently announced option to purchase Mine Con concentrated ( press release from 22. November 2021).

David Soda Currently President and CEO As well as the company manager, the company informed its intent on with As of December 31, 2021 from him offices Back to see other opportunities. The company has with Mr. Suda One annual Consultation Agreement For completed counseling services on a part-time basis.

Gerald Baneton, currently CEO, will take over as Chairman and CEO (“Chief Executive Officer”) effective January 1, 2022.

Joe Campbell, founder of the company, stays Chief Operating Officer, Mark Brown Blibert, Chief Financial Officer company.

Gerald Banneton, CEO Von Gold TerraHe said: I sincerely thank Mr. Souda for his important contributions to the company and look forward to it the Working with him in his new role. Gold Terra Team is after like before sound and We are highly committed to adding value to our shareholders through Our exploration strategy with a goal acceleration, extra high quality oz Along the Campbell Cher south of Con Mine To determine And Our current derivative mineral resource estimation also soughtwhich is 1.21 million ounces (dated press release March 16, 2021). ”

About Gerald Banneton

Mr. Banneton, who joined the company in October 2019, has extensive mining experience. Mr. Banneton is a geologist with over 35 years of experience who has played a key role in the discovery and development of many gold deposits around the world. Mr. Banneton was the founder, president and CEO of Detour Gold Corporation (2006-13) as the Detour Lake project, under his leadership, grew tenfold from 1.5 million ounces of mineral resources to more than 16 million ounces of mineral reserves and just over six years of production. Mr. Banneton raised approximately $2.6 billion in capital while at Detour Gold. Banneton and his team received the 2011 Bill Dennis PDAC Award for Best Canadian Mineral Discovery and Prospect of the Year. Early in his career, Banneton worked with Barrick Gold for 12 years (1994-2006), playing an instrumental role in bringing gold projects in Tulawaka and Buzwagi to production in Tanzania. Prior to joining Barrick Gold, he worked for Lac Minerals Ltd. and Placer Dome Inc. and Vior-Mazarin Group. Mr. Banneton holds a Bachelor’s degree in Geology from the University of Montreal and a Master’s degree in Geology from McGill University.

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About the Gold Terra’s Yellowknife City Gold Project

The YCG project consists of 800 square kilometers of contiguous land north, south and east of Yellowknife in the Northwest Territories. Through a series of acquisitions, Gold Terra controls one of the six largest high-grade gold deposits in Canada. Since YCG is not more than 6 miles away from Yellowknife, it is close to a lively city Infrastructure, including year-round roads, air connections, utility companies, hydropower, and skilled craftsmen. Gold Terra is currently prospecting in the abundant Campbell Shear, which produced 14 Moz of gold, and more recently in the Newmont exploration claims south of the former Con Mine Company (1938-2003).

Located in the prolific Yellowknife Green Stone Belt, YCG stretches for nearly 70 kilometers of strike length along a mineralized shear system that hosts gigantic and cosmic high-grade gold mines. The company’s exploration programs have successfully identified important areas of gold mineralization and several targets that remain to be tested, underscoring the company’s goal of restoring Yellowknife as one of Canada’s major gold producing regions.

Visit our website at

For more information, please contact:

Gerald Baneton, CEO

[email protected]

Mara Strasdens, Head of Investor Relations

Phone: 1-778-897-1590 | 604-689-1749 Ext. 102

[email protected]

in Europe:

Swiss Resource Capital AG

Jochen Steiger

[email protected]

Neither TSX Venture Exchange nor the Regulatory Services Provider (as defined in the TSX Venture Exchange policies) accept responsibility for the adequacy or accuracy of this press release.

Cautionary statement regarding forward-looking information

Certain statements and information in this press release constitute “forward-looking information” within the meaning of applicable securities laws (“forward-looking informationIn general, such forward-looking information may be identified through the use of forward-looking terms such as “plans,” “expects,” “does not anticipate,” “expects,” “budget,” “plan,” “estimates,” “expects,” or “expects.” intends, “expects,” or “does not expect,” but not always, “believes,” or variations of these words, phrases, or statements that some action, event, circumstance, or outcome “may,” “could” , ‘can’, ‘could’ or ‘will be taken’, ‘occur’ or ‘accessible’, or the negative connotations of it.

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All statements that are not based on historical facts may be forward-looking information. Forward-looking information is necessarily based on estimates and assumptions that are subject to known and unknown risks, uncertainties and other factors that could cause the Company’s actual results, activities, performance or achievements to differ materially from those expressed in such forward-looking information to be provided or implied. In particular, this press release contains forward-looking information On who – which engagement companyTo add value to shareholders by accelerating exploration strategy with a view to identifying additional high-quality ounces along the Campbellshire Extension south of the Con Mine and expanding the current inferred mineral resource estimate, as well as more The company’s goal is to return Yellowknife to one of Canada’s leading gold mining regions.

There can be no guarantee that such statements will prove to be accurate, based on the factors set forth in the “Risk Factors” section of the latest MD&A and the Company’s annual information form within the Company profile. available, discussed may differ materially from what is expected in this forward-looking information.

While the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in the forward-looking information, there may be other factors that could cause results to not appear as expected, estimated or intended. The forward-looking information contained in this press release is based on information available to the company as of the date of this press release. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those projected in such statements. All forward-looking information contained in this press release is limited by these cautionary statements. Readers are cautioned not to place undue reliance on forward-looking information because it may contain uncertainties. The Company has no intention or obligation to update this forward-looking information unless required by securities laws and regulations applicable to the Company.

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