ROUYN-NORANDA, QC, Nov. 16, 2022 /CNW Telbec/ – X-Terra Resources Inc. (TSXV: XTT) (FRANKFURT: XTR) (“X-Terra“) is pleased to report it has mobilized its technical team to its 100% owned recently acquired Galli and Liberty Lithium projects in James Bay, Québec.

X-Terra will be completing a helicopter-assisted reconnaissance prospecting program over its Galli and Liberty lithium projects which are directly adjacent to Winsome Resources Adina project, which has yielded an exceptional pegmatite discovery below the Jamar outcrop. (See X-Terra press releases dated June 8, 2022 and November 7, 2022). The scope of the program will be limited due to the onset of poor weather conditions.

Michael Ferreira, President and Chief Executive Officer of X-Terra commented: “While the weather may pose a challenge, we felt it was important to send our technical team to James Bay as soon as possible to visit some of our lithium properties. More specifically, the Liberty project which lies adjacent and on strike with Winsome’s Adina Lithium discovery. There are many more studies and work that we will be completing over the course of the winter months to prepare for an exploration program in the spring 2023 which is expected to be followed by the first diamond drill program on the property.

Qualified Person

Martin Demers, P. Geo registered in the Provinces of Québec and New-Brunswick, a consultant to X-Terra Resources, a qualified person under National Instrument 43‑101 – Standards of Disclosure for Mineral Projects has reviewed 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 lithium and precious metals properties in Canada.

Forward-Looking Statements

This news release contains statements that may constitute “forward-looking information” within the meaning of applicable Canadian securities legislation. Forward-looking information may include, among others, statements regarding the future plans, costs, objectives or performance of X-Terra Resources, or the assumptions underlying any of the foregoing. In this news release, words such as “may”, “would”, “could”, “will”, “likely”, “believe”, “expect”, “anticipate”, “intend”, “plan”, “estimate” and similar words and the negative form thereof are used to identify forward-looking statements.  Forward-looking statements should not be read as guarantees of future performance or results, and will not necessarily be accurate indications of whether, or the times at or by which, such future performance will be achieved. No assurance can be given that any events anticipated by the forward-looking information will transpire or occur, including the results from the helicopter-assisted reconnaissance prospecting program over the Galli and Liberty lithium projects, the expected exploration programs in the spring of 2023, and the timing thereof, and development (including any drilling programs) of the Galli and Liberty lithium proje, or if it does so, what benefits X-Terra Resources will derive from these lithium projects. Forward-looking information is based on information available at the time and/or management’s good-faith belief with respect to future events and are subject to known or unknown risks, uncertainties, assumptions and other unpredictable factors, many of which are beyond X-Terra Resources’ control. These risks, uncertainties and assumptions include, but are not limited to, those described under “Financial Instruments” and “Risk and Uncertainties in X-Terra Resources’ Annual Report for the fiscal 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 any forward-looking statements. X-Terra Resources does not intend, nor does X-Terra Resources undertake any obligation, to update or revise any forward-looking information contained in this news release to reflect subsequent information, events or circumstances or otherwise, except if required by applicable laws.

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

SOURCE X-Terra Resources Inc.