X-TERRA RESOURCES COMPLETES TRENCHING PROGRAM AT NORTWEST PROPERTY

ROUYN-NORANDA, QC, October 5, 2022 /CNW/ – X-Terra Resources Inc. (TSXV: XTT) (FRANKFURT: XTR) (“X-Terra“) has completed 100% of its planned trenching program on the Northwest property located at Restigouche county, New Brunswick. The highlight of the program was the identification of an undercropping quartz vein system associated with carbonate and sulphide alteration where recent ground geochemistry results indicated a strong gold signature.

A total of nine trenches were completed, totaling 491 meters covering eight gold targets in the ground, a common feature identified in the trenches was strong shearing, in addition to fault zones in the sediments. The targets are all located within one kilometer of the Northwest Creek lineament which runs along the property for more than five kilometres.

X-Terra notes that two of the nine trenches were exceptional: TR-22-05 and TR-22-08A, located three kilometers apart and on the east side of the Northwest Stream lineament.

Northwest TR-22-05

The 62 meter long trench adequately intercepted the bedrock surface which was covered by two meters of glacial sediments. An interval of approximately seven meters from 27 to 34 along the trench revealed fine-grained yellowish siliceous rock associated with abundant quartz veins and veinlets. This unit is interbedded in a blue siliceous mudstone with sandy intervals. Remarkably, some blocks taken from the bedrock along the 10 meter zone revealed the presence of grains of pyrite, galena and chalcopyrite associated with veinlets of quartz veins.

Northwest TR-22-08

The 70 meter long trench was completed using an east-west orientation to intersect a dual gold trend of ground anomalies. Field observations have shown that the interbedded fine sandstone siliceous mudstone is affected by moderate to strong carbonate-chlorite-sericite alteration progressing to full sediment replacement. This was observed over 16 meters and associated with a disseminated halo. In addition, a stockwork zone filled with different generations of quartz veins is centered on the alteration zone with an apparent width of approximately 10 meters

X-Terra has worked diligently over the past two years and used different geological approaches to identify an extensive gold system at different locations on the Northwest property. In 2021, X-Terra drilled a series of holes approximately two and three kilometers north of the current trench area, called the RIM target. A gold corridor was intercepted with associated mafic dykes. This particular RIM target drill program returned three gold intervals of 2.8 g/t, 3.15 g/t and 2.47 g/t over 0.55 metres, 0.4 and 0.4 meters respectively from hole RIM-21-05, which was centered on 0.12 g/tt Au anomaly observed over 40 meters along the hole (see X-Terra press release of May 122021).

Following these results, the geological team initiated a systematic exploration program on both sides of the Northwest Stream lineament using a large soil geochemistry model. Following the identification of correlated gold in the ground anomalies, smaller and tighter grids were completed on a series of five trends. The first trenches demonstrated the increasing level of shearing and faulting trending towards the Northwest Stream lineament giving the identification of a “mega shear” type importance, in an area where no major structural element had been identified in the past.

“It’s a real technical achievement. The trenching program was conducted following consistent gold anomalies in the ground in an environment lacking outcrop. 15 meters. Quartz vein styles associated with minor amounts of small-grained polymetallic sulphides exhibit many attributes similar to RIM’s historical drilling program. We look forward to receiving the analyzes in the coming weeks to deepen our exploration with drill tests. declared Michael FerreiraPresident and CEO of X-Terra.

Qualified person

Martin Demers, P. Geo registered in the provinces of Quebec and New Brunswick (APEGNB #L5980), a consultant at X-Terra, a qualified person under the national instrument 43101 Disclosure Standards for Mining Projects (National Instrument 43-101“), has reviewed the technical content of this press release and has approved the disclosure of the technical information contained herein.

Forward-looking statements

This press release contains statements that may constitute “forward-looking information” within the meaning of applicable Canadian securities laws. Forward-looking information may include, among other things, statements regarding X-Terra’s future plans, costs, objectives or performance, or assumptions underlying any of the foregoing. In this press release, words such as “may”, “would”, “could”, “will”, “likely”, “believe”, “expect”, “anticipate”, “intend of”, “plans”, “estimates” and similar words and their negative form are used to identify forward-looking statements. Forward-looking statements should not be construed as guarantees of future performance or results, and will not necessarily be precise indications of whether, or the times at which or by which, such future performance will be achieved. No assurance can be given that the events anticipated by the forward-looking information will occur or occur, including exploration programs and development ( including drilling programs) of the Northwest property, or if so, what benefits X-Terra will derive from the Northwest property. Forward-looking information is based on information available at the time and /or management’s good faith belief regarding future events and are subject to known and unknown risks, uncertainties, assumptions and other unforeseeable factors, many of which are beyond X-Terra’s control. . control. These risks, uncertainties and assumptions include, but are not limited to, those described under “Financial Instruments” and “Risks and Uncertainties in X-Terra’s Annual Report for the Year Ended December 31, 2021, a copy of which is available on SEDAR at www.sedar.com, and could cause actual events or results to differ materially from those projected in the forward-looking statements. X-Terra does not intend, and X-Terra undertakes no obligation, to update or revise the forward-looking information contained in this press release to reflect subsequent or other information, events or circumstances, except if required by applicable law.

About X-Terra Resources Inc.

X-Terra is a resource company focused on acquiring and exploring precious metal properties in Canada.

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 the publication.

THE SOURCE X-Terra Resources Inc.

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Ryan H. Bowman