2019-12-30

X-TERRA RESOURCES ANNOUNCES FINAL CLOSING OF PRIVATE PLACEMENT FOR AN ADDITIONAL $400,000

NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR DISSEMINATION IN THE UNITED STATES

Rouyn-Noranda, Québec, December30, 2019 –X-Terra Resources Inc.(TSXV: XTT) (FRANKFURT: XTR) is pleased to announce that it has held a final closing of its previously-announced non-brokered private placement at which it issued 3,200,000 Quebec “flow-through” common shares at a price of $0.125 per share for gross proceeds to X-Terra Resources of $400,000. X-Terra Resources intends to use the proceeds from the private placement for exploration on certain of its mining exploration properties in Québec.

In connection with the private placement, X-Terra Resources paid cash commissions to two securities dealers in an aggregate amount of $24,000. As a result of the second and final closing of the private placement, there are 58,795,053 common shares of X-Terra Resources issued and outstanding. Under applicable securities legislation, the common shares issued in the private placement are subject to a four-month hold period, expiring on May1, 2020.

About X-Terra Resources Inc.

X-Terra Resources is a resource company focused on acquiring and exploring precious metals and energy properties in Canada.

For further information:

X-Terra Resources Inc.

Michael Ferreira, President and Chief Executive Officer

139 Québec Avenue, Suite202

Rouyn-Noranda, Québec, J9X6M8

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

E-mail: info@xterraresources.com

Website: www.xterraresources.com