Oreterra (TSXV:OTMC) Builds Momentum with New Funding and Major Drill Campaign

Highlights

• Oreterra has secured approximately $1.1 million in shares and cash through the amended Newmont Lake royalty agreement.
• The company a 1% net smelter returns royalty on the Newmont Lake Project for continued future exposure.
• Oreterra prepares to launch a fully funded 10,000-metre maiden drill program at the Trek South copper-gold prospect.
• The company has confirmed high-grade gold assays of up to 50.5 g/t Au at the Kinkaid Project while advancing multiple drill targets.

Oreterra Metals Corp. (TSXV:OTMC) continues to build momentum across its portfolio with a combination of strategic financial transactions and active exploration programs. The company has completed an amended agreement that provides immediate value through shares and cash while maintaining long-term exposure to the Newmont Lake Project. At the same time, Oreterra is preparing for a fully funded maiden drilling campaign at its Trek South copper-gold prospect and advancing exploration at its Kinkaid Project in Nevada.

Royalty Agreement Delivers Immediate and Future Value

Oreterra has received final approval from the TSX Venture Exchange and closed the amended agreement related to its royalty interest in the Newmont Lake Project.

Under the revised terms, Enduro Metals Corporation has the option to acquire up to 50% of Oreterra's 2% net smelter returns (NSR) royalty on the Newmont Lake Project, which is located adjacent to Oreterra's Trek-Andrei property in British Columbia's Golden Triangle.

The transaction provides Oreterra with approximately $1.1 million in near-term consideration through 3.9 million shares and cash based on current market values. Of this amount, $175,000 in cash was paid upon closing. The agreement also includes the potential for approximately $22 million in staged future cash and advance royalty payments.

Despite the transaction, Oreterra will continue to hold a 1% NSR royalty on the Newmont Lake Project, maintaining long-term exposure to any future development of the asset.

Trek South Drill Program Ready to Begin

Alongside the royalty transaction, Oreterra is preparing for the maiden drill program at its Trek South copper-gold prospect in British Columbia's Golden Triangle.

The company has secured all required contractors for the fully funded exploration campaign, which is expected to begin in mid-July using two drill rigs. Equity Exploration Consultants Ltd. will oversee the program, covering geological work, geophysical surveys, archaeo-environmental studies, pad construction, helicopter support and drilling operations from an on-site camp.

Trek South is a newly identified prospect revealed by recent glacial retreat. The property contains extensive porphyry-style alteration along with large-scale geochemical and geophysical anomalies, including induced polarization (IP), magnetotelluric (MT) and magnetic signatures across more than one square kilometre of exposed bedrock.

The prospect is situated adjacent to Teck-Newmont's Galore Creek deposits, which are currently undergoing pre-feasibility studies, and lies only two kilometres from partially completed infrastructure that includes an all-season road and camp.

The broader Trek South program is planned as an approximately 10,000-metre, two-phase drill campaign following Oreterra's successful $9.7 million financing completed in March.

Kinkaid Project Returns High-Grade Gold Results

Oreterra has also reported encouraging assay results from late-2025 fieldwork at its wholly owned Kinkaid Project in Nevada's Walker Lane trend.

The exploration program confirmed two broad zones of epithermal gold mineralization at the PM Skarn and Bismark Hill targets, with assays reaching up to 50.5 grams per tonne gold. These mineralized zones, together with numerous historical mine workings and prospect pits across the property, appear to form part of larger alteration systems that may overlie as many as four buried copper-gold porphyry intrusive centres.

Current work includes geological mapping, rock and soil sampling, while planned aeromagnetic, radiometric and induced polarization surveys are intended to further advance both the gold and porphyry targets toward drill-ready status.

Focused on Copper, Gold and Silver Exploration

Oreterra Metals is a mineral exploration company focused primarily on copper, gold and silver projects. Its portfolio includes several wholly owned porphyry copper-gold prospects in British Columbia's Golden Triangle, led by the Trek South prospect, as well as the JW porphyry prospect, where the first significant exploration work since 2007 is planned.

Through the completed royalty transaction, the company has secured near-term funding while preserving future royalty exposure. At the same time, ongoing exploration activities at Trek South and Kinkaid position Oreterra for an active field season across its key projects.

Shares of OTMC last traded at CAD 0.500 on June 26, 2026.