Gold Terra Adds 595,000 Inferred Ounces within 5.1 Million Tonnes grading 3.64 g/t Au on the Con Mine Zone 103N in an Updated 2026 Mineral Resource Estimate, Yellowknife, NWT

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[{"type":"text","content":"VANCOUVER, BC / ACCESS Newswire / May 15, 2026 / Gold Terra Resource Corp. (TSXV:YGT)(Frankfurt:TX0)(OTCQB:YGTFF) ("Gold Terra" or the "Company") is pleased to announce the results of an updated, independent, Mineral Resource Estimate ("the 2026 MRE") prepared by SLR Consulting (Canada) Ltd ("SLR") on the Yellorex ("YRX"), Zone 103N, and Crestaurum deposits, part of its Yellowknife Project ("YP"), located near Yellowknife, NWT. A Technical Report, prepared in accordance with NI 43 101 Standards of Disclosure for Mineral Projects, will be filed on SEDAR within 45 days of this notice.","length":649,"tagName":"p"},{"type":"text","content":"The YP assets include the Yellorex ("YRX") and Zone 103N deposits of the Con Mine Option ("CMO"), considered as northern and southern extensions from the historical Con Mine, and the Crestaurum, Sam Otto, Walsh Lake Pickel zone (formerly Mispickel), and Barney deposits situated in the Northbelt - Walsh Lake area of the YP (formerly the Yellowknife City Gold Project), located 20 kilometres north of the town of Yellowknife and shown in Figure 1 further in this press release. The 2026 MRE is considered an initial phase of MRE updates for the YP. The YP is 100% owned by Gold Terra but for the CMO, which is subject to an option agreement with Newmont.","length":674,"tagName":"p"},{"type":"text","content":"Under the purchase agreement, the Company has the right to acquire 100% of the CMO property from a subsidiary of Newmont Corporation ("Newmont"), subject to the fulfillment of certain conditions set out in the agreement, as reported in the Company's news release dated November 22, 2021. Gold Terra's option on the CMO with Newmont is until November 21, 2027.","length":377,"tagName":"p"},{"type":"text","content":"The 2026 MRE is based on a gold price of US$ 2,600. SLR started to work on the 2026 MRE in January 2026 and conducted a site visit to the Project on February 10 and 11, 2026.","length":174,"tagName":"p"},{"type":"text","content":"This initial phase incorporates five new drill holes (1,523.2 metres) over YRX, a limited portion of the most recent 11,000 metre winter drilling program. The remaining results will be included in the second phase of an updated MRE, anticipated to be released in the Fall....

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