X-Terra Resources Inc. announced the completion of a High Resolution Helicopter-Borne Magnetic Survey on its wholly-owned Troilus-East project. The Troilus-East property is comprised of 92 mining claims covering a surface area of more than 50 km located approximately 135 kilometres from the town of Chibougamau in the Province of Québec. The Troilus-East property is located less than 2 kilometres from the former Troilus mine (2M oz Au + 70,000 tons of Cu) Québec, now owned by Troilus Gold Corp. where after a 36,000 metres drilling program (91 drill holes) from February 2018 to August 2018 they increased the total estimated indicated resources to 3.92 M oz AuEq and the estimated inferred resource to 1.17M oz AuEq. Following the High Resolution Helicopter-Borne Magnetic Survey, X-Terra will use the magnetic signatures to perform follow-up work, in an effort to identify geological contexts with similar characteristics to that of the Troilus Gold-Copper mineral deposit. X-Terra also announced that due to some unsatisfied conditions, X-Terra is renegotiating the terms outlined in the proposed option agreement to acquire four mining properties located in the province of New Brunswick. The proposed transaction was highly dilutive for X-Terra's shareholders, however by renegotiating new terms for this option, X-Terra hopes to realize this transaction to create additional shareholder value while limiting the dilution of its capital structure. X-Terra also entered into an amending agreement with the vendors of the Veronneau property in order to extend to January 31, 2019 the ultimate date to complete the acquisition of a 100% interest in the Veronneau property. X-Terra will inform shareholder on any new development relating to a transaction for the acquisition of an interest in the four mining properties located in New Brunswick.