X-TERRA ANNOUNCES CLOSING OF PRIVATE PLACEMENT OF UNITS

/NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES/

ROUYN-NORANDA, QC, March 7, 2023 /CNW/ - X-Terra Resources Inc. (TSXV:XTT.VN) (FRANKFURT:XTR) ("X-Terra" or the "Corporation") is pleased to announce that it has completed the closing of its previously announced non-brokered private placement (the "Offering") pursuant to which the Corporation issued an aggregate of 2,000,000 units (the "Units"), at a price of $0.75 per Unit, for gross proceeds to the Corporation of $1,500,000.