X-Terra Resources has entered an exploration and option agreement with a group of four prospectors to acquire up to 60% of an undivided ownership interest in 234 mining claims in the Eeyou Istchee/Baie-James territory, Québec, Canada. This agreement was signed based on a letter of intent previously signed. These 234 mining claims form a part of the newly discovered Veronneau gold property. The agreement is subject to customary closing conditions, including approval of the TSX Venture Exchange.