Gold Terra Resource Corp. announced that Midas Minerals Limited has entered into a definitive option agreement with Gold Terra (the "Definitive Agreement") as previously outlined to provide, among other things, that Midas Minerals can earn up to an 80% participating interest in two stages for the "Critical Minerals" (pegmatite hosted lithium, tantalum and tin (Li, Ta, Sn), Lithium-cesium-tantalum (LCT), and rare earths or other rare earth deposits) contained within the Quyta-Bell and Eastbelt blocks totaling 536.1 square kilometres on the Company's 100% owned Yellowknife property, as well as an additional 17 recent applications comprising the Quyta-Bell East property covering 182.7km2. These holdings exclude the potential gold belt area on which the Company's current drilling and exploration program is focused on.

To earn a 51% participating interest in the Critical Mineral rights, over a period that ends on September 30, 2026, Midas Minerals must pay to the Company the sum of $1.2 million in cash, must deliver to the Company approximately $300,000 worth of common shares of Midas Minerals, must incur exploration expenditures of $5.0 million and must grant Gold Terra a 1.5% gross revenue royalty ("GRR") on the basis of 100% production of Critical Minerals on the Quyta Bell and Quyta-Bell East blocks. Midas has the right to purchase half of the GRR royalty for $5.0 million. Midas Minerals has exclusivity to earn 51% interest in the first 3 years, and up to another 29% interest over the next following 2 years for up to an 80% interest in the Critical Minerals rights as well as an interest in the mineral claims known to host or which may host Critical Minerals over a portion of the Company's Yellowknife property (YP).ights to all other minerals remain with Gold Terra.

If Midas Minerals does not elect to earn the additional 29% participating interest (after having earned the 51% participating interest), then Midas Minerals must transfer a 2% participating interest to Gold Terra (so that the participating interests between Gold Terra and Midas Minerals will be 51%/49%). To earn the additional 29% interest in the Critical Minerals, Midas Minerals must incur an additional $5.0 million of exploration expenditures and an additional cash payment in the amount of $500,000. Gold Terra and Midas Minerals will form a Critical Minerals joint venture upon the exercise by Midas Minerals of the first option (to acquire the 51% participating interest).

If Midas Minerals earns the 80% participating interest, the interest of Gold Terra in the Critical Minerals joint venture will be fully carried until the Critical Minerals joint venture has approved a bankable feasibility study for the development of a Critical Minerals project on any part of the Quyta-Bell and Eastbelt Block of Gold Terra's holdings in Yellowknife, NWT. Midas Minerals has commenced exploration at the Yellowknife Lithium Project (YLP) and expects to have two exploration teams mapping and sampling on the project during June. The definitive option agreement is subject to standard conditions precedent which include the receipt of third-party consents and waivers.