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YGT.V ·

Gold Terra Announces Termination of Public Offering

Financings

Vancouver, BC – May 5, 2023 – Gold Terra Resource Corp. (TSX-V: YGT; Frankfurt: TX0;

that it will not proceed with its public offering previously
announced on May 4, 2023. This results from an assessment by the Company’s management that the
Company may have better alternatives for an offering on terms that would be in the best interests of
the Company’s shareholders

Visit our website at www.goldterracorp.com.

For more information, please contact:

Gerald Panneton, Chairman & CEO [email protected]

Mara Strazdins, Manager of Investor Relations Phone: 1-778-897-1590 | 604-689-1749 ext 102 [email protected]

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

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