X-terra Resources Identifies a Strong IP Anomaly Coincident With Gold Geochemistry at Troilus East

ROUYN-NORANDA, QC, April 27, 2021 /CNW Telbec/ – X-Terra Resources Inc.

The grid aims to test the superimposed geochemical and geophysics anomalies and it represents about one third of the favorable ground previously outlined.

The IP coverage done by X-Terra is along those lines: testing a favorable parallel trend that is similarly orientated northeast-southwest like the nearby Troilus gold deposit, close to a regional fault and coincident with electromagnetic anomalies.

The fact this anomaly is present within 3.5 kilometres of Troilus Gold’s existing 8.1 million oz AuEq deposit* marks yet another reduction in active exploration companies along the Frotet Evans belt and X-Terra is proud to be one of the very few companies remaining along the Frotet Belt that is actively exploring.

Jeannot Théberge, P.

These risks, uncertainties and assumptions include, but are not limited to, those described under “Financial Instruments” and “Risk and Uncertainties in X-Terra’s Annual Report for the fiscal year ended December 31, 2019, 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 any forward-looking statements.

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