Overview

Gold Terra holds a portfolio of gold exploration assets in the well-established mining jurisdictions of the Northwest Territories and New Brunswick. Both areas have substantial exploration upside with a history of high-grade gold results, along with the advantage of existing supporting infrastructure in place. The Yellowknife Project (YP) encompasses 836 sq. km of contiguous land immediately north, south and east of the City of Yellowknife in the Northwest Territories. Being within 10 kilometres of the City of Yellowknife, the YP is close to vital infrastructure, including all-season roads, air transportation, service providers, hydro-electric power, and skilled tradespeople. The YP is 100% owned by Gold Terra except for the Con Mine Option Property, the most advanced of the assets, which is subject to an option agreement with Newmont.

The YP holds significant potential for additional future exploration. A regional map below shows the 100% owned portion of the YP in light yellow, and the Con Mine Option Property in darker yellow.

On May 15, 2026, the Company released an updated Mineral Resource Estimate (“MRE”) on the YP, which included the Yellorex Zone and Zone 103N of the Con Mine Option Property, and the Crestaurum deposits of the YP. The 2026 MRE is adding 595,000 Inferred ounces within 5.1 million tonnes grading 3.64 g/t Au on the Zone 103N. The Sam Otto, Walsh Lake Pickel zone (formerly Mispickel), and Barney deposits situated in the Northbelt – Walsh Lake area of the YP were not updated in this MRE.

The Company’s focus is on high-grade gold targets along the prolific Campbell Shear (“CS”) structure which has yielded more than 14 Moz of gold at grades above 15 grams per tonne (“g/t”) from the former Giant and Con mines. The Con Mine Option Property, from which the historic Con Mine produced more than 6.1 Moz averaging 16 to 20 g/t gold, has added a key piece of ground to the Company’s YP land holding with potential to add high-grade gold resources.

The Company also holds the Mulligan gold project in New Brunswick which has yielded high-grade sampling results and was acquired in 2019 as part of the acquisition of Gold Matter.