X-TERRA RESOURCES DISCOVERS TWO NEW GOLD SHOWINGS ON THE VERONNEAU PROPERTY

Par X-Terra Resources Inc. le Lundi 11 septembre 2017

Rouyn-Noranda, Québec, September 6, 2017 – X-Terra Resources Inc. (TSXV: XTT) (FRANKFURT: XTR) is pleased to announce it has completed the first phase of its 2017 exploration program on the Veronneau property, which focused on geological and alteration mapping and widespread exploration.

Throughout the first phase of exploration, X-Terra Resources has made the stripping and detailed mapping of the Veronneau showing that led to the discovery of a new surface gold occurrence in a totally new area while also expanding the Veronneau discovery channel to 4.24 g/t Au over 6 metres.

Parallel to these works, the first exploration phase allowed the teams to cover around 65 percent of the Veronneau property while also gaining a deep understanding of its geological setting. The detailed mapping of the Veronneau showing reveal that the gold mineralization is highly affected by a strong North-East deformation corridor ‘’This corridor is post gold mineralisation and the showing itself is truncated. Outcrops are rare in the vicinity of the deformation corridor but exploration along it led to a gold discovery with the same geochemical signature (Veronneau)” stated Michel Chapdelaine, VicePresident Exploration and development of X-Terra Resources. The showing is located 6.7 km to the North-East of Veronneau and will be expanded upon throughout the second phase of exploration expected to begin in early September 2017. A grab sample from the outcrop returned 1.2 g/t Au. The mineralization consists of approximately 1% disseminated pyrite/arsenopyrite in a slightly foliated mafic rock with 10-15% silica flooding.

A second discovery was made 5.5 kilometres South-West of the Marcaut area and only 1.48 kilometres from the new showing mentioned above. A grab sample from outcrop returned 0.70 g/t Au, 6.2 g/t Ag and 0.1% Cu. The mineralization consists of semi massive pyrite and pyrrhotite and up to 1% chalcopyrite.

Following the new discoveries as well as the newly understood geological context of the western and eastern extension, X-Terra Resources acquired by staking 158 new mining claims bringing the total number of mining claims comprising the Veronneau property to 472 claims, covering an area over 227 square kilometres.

“We are excited with the new discoveries made this early on, and are looking forward to going back into the field to complete our exploration program and acquire more knowledge of the Veronneau property. Once the second phase of our exploration program will be completed, we will be able to determine the final stages of exploration and the drill program which is expected to begin toward the end of 2017” stated Michael Ferreira, President and Chief Executive Officer of X-Terra Resources.

Qualified Person

Mr. Jeannot Théberge, PGeo, a consultant to X-Terra Resources, is the qualified person for the Veronneau property under National Instrument 43‑101 Standards of Disclosure for Mineral Projects responsible for the technical contents of this news release, and has approved the disclosure of the technical information contained herein.

About X-Terra Resources Inc.

X-Terra Resources is a resource company focused on acquiring and exploring energy 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 release.

For further information:

X-Terra Resources Inc.

Michael Ferreira, President and Chief Executive Officer

139 Québec Avenue, Suite 202

Rouyn-Noranda, Québec, J9X 6M8

Telephone: 819-762-4101 | Fax: 819-762-0097

E-mail: info@xterraresources.com

Website: www.xterraresources.com

< Retour aux nouvelles