TXR TSX-V TX0 Frankfurt

YELLOWKNIFE CITY GOLD PROJECT

The Last Undeveloped

High-Grade Gold Camp in Canada

October 2014

This presentation may contain “forward-looking statements” which reflect the Company’s current

expectations regarding the future results of operations, performance and achievements of the

Company, including potential property acquisitions, the timing, content and results of work programs,

geological interpretations and potential mineral discoveries, and negotiation and closing of future

financings. The statements reflect the current beliefs of the management of the Company and are

based on currently available information. Accordingly, these statements are subject to known and

unknown risks, uncertainties and other factors which could cause the actual results, performance, or

achievements of the Company to differ materially from those expressed in, or implied by, these

statements.

In addition, investors are cautioned that this presentation may contain information about mineral

properties adjacent to or near the Company’s properties and in which the Company has no right or

interest. Mineral deposits on such adjacent or near properties are not indicative of the mineral

deposits, if any, which may be found on the Company’s properties.

All scientific or technical information contained on this presentation has been reviewed and approved

by Dr. Tom Setterfield, P.Geo., the VP Exploration of TerraX Minerals Inc., who is a "qualified person" as

defined in National Instrument 43-101 of the Canadian Securities Administrators.

2

Forward Looking Information

Investment Highlights

3

• Control 93.5 km2 of the Yellowknife gold belt

• one of the six major high-grade gold camps in Canada – and the least explored.

• “In the shadow of the head frame” immediately north of the world-class Giant and Con Gold Mines

• 14.2 Moz Gold produced over 60 years @ average grade of 16 g/t Au

• Excellent Infrastructure - road access to Yellowknife (5 km to south) supply centre for NWT exploration

• new hydro-power dam (2013), airport, skilled trades people and local support

• Multiple (>20) gold-bearing structures (shears) identified:

• Barney Shear (extension of shear that hosted Con and Giant)- TerraX drills 22.4 m @ 6.35 g/t Au

• Crestaurum – drill intercept of 5.0 m @ 62.9 g/t Au

• Shear 20 – drill intercept of 21 m at 2.97 g/t Au

• New zones with high grade gold surface samples:

• VSB vein – 547 g/t , 346 g/t, 75.8 g/t and 34.9 g/t Au in grabs

• Shear 17 – 141 g/t Au, , 445 g/t Ag, 3.01% Cu, 6.32% Mo

• Milner Lake SW - 712 g/t , 326 g/t, 103 g/t Au in grabs

• Crestaurum NE – 878 g/t, 157.5 g/t, 24.7 g/t Au in grabs

• Attractive share structure (only 44.4 M shares issued):

• 15 % ownership by management and staff

• 9.5 % acquired by Virginia Mines Inc. (TSX: VGQ) in placements

• Management experienced in mine discovery, development and operation

Company OverviewIssued Shares: 52.6 mln

Options: Total : 4.4 mln

2,050,000 @

360,000 @

100,000 @

295,000 @

1,050,000 @

500,000 @

$0.17 (Jun. 28, 2018)

$0.28 (Aug. 29, 2018)

$0.61 (Sept 30, 2016)

$0.45 (Dec 23, 2016)

$0.75 (Mar 14, 2019)

$0.61 (May 5, 2019)

Warrants: Total: 11.5 mln

1,505,000 @

3,146,343 @

62,500 @

1,188,180 @

105,556 @

820,000@

650,000@

4,018,738 @

$0.10 (Jan. 21,2015)

$0.30 (May. 8, 2016)

$0.30 (May. 30,2016)

$0.50 (Dec 20, 2015)

$0.50 (Dec 27, 2015)

$0.51 (Feb 12, 2016)

$0.57 (Feb 28, 2016)

$0.50 (Sept 30, 2017)

Fully Diluted Shares: 68.5 mln

Basic Market Cap (C$0.35/share) $18.4 mln

3

Held by Management: 15.2%

Held by Virginia Mines Inc: 9.5%

Working Capital $2.93 Million

TXR TSX-V

TRXXF OTC Pink

TX0 Frankfurt

OCT 2014

Joseph Campbell, P. Geo – President and Director

• 34 years of experience: Exploration Manager for advanced projects; Mine Development

Project Manager; Chief Mine Geologist mining on a variety of deposit types, open pits, U/G

• Project Manager for 7 years on Meliadine (now Agnico Eagle) a 5 Moz gold resource in

Nunavut. Taken to pre-feasibility level incl: mineable reserve, production rates & schedules,

Cap Ex/Op Ex for process, mining and G&A.

Dr. Thomas Setterfield, P. Geo – VP Exploration and Director

• 34 years of international experience: Ph.D from Cambridge University (1991)

• Expert in IOCG, Epithermal Au and VMS deposit types

• VP Exploration for Monster Copper from 2002 to takeover by Mega Uranium

Stuart Rogers, CFO and Director

• 25+ year experience as director and senior officer of public companies TSX-V, TSX and NASDAQ

• President of West Oak Capital Group - private corporate finance and venture capital firm

Paul Reynolds, P. Geo – Director

• Extensive experience in exploration and public company management

• Founder and President of Athlone Energy until its sale to Daylight Energy Trust in 2008

Accomplished Management,

all founding members of TerraX

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6

Yellowknife - One of Six High Grade Gold Camps in Canada

More Than

300M* Oz Gold have been mined from Archean Gold deposits in Canada, with the

vast majority from High Grade Gold Camps

Yellowknife is the most northerly and least explored of these camps

* Gold Ounces in Camps include known historical production, reserves and drill indicated resources from public

records. Totals should be considered approximate with an error range sufficient for comparison purposes. Other

large Archean gold areas include Detour/Sunday Lake; Rice Lake; Chibougamau; Meliadine; and Meadowbank

Regional Geology: Comparison to Timmins

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8

6.1 Moz Au6.1 Moz Au

8.1 Moz Au8.1 Moz Au

TerraX has 100% Ownership of the Northern Extension of the Yellowknife Gold Belt, host to the Con and Giant Gold Mines

o Con Mine 1938 to 20036.1 million oz @ 16.1 g/t Au

o Giant Mine 1945 to 2004 8.1 million oz @ 16.0 g/t Au

• TerraX’s YCGP contains Over 15

km of Strike Length on Main Yellowknife Gold Break

• TerraX controls Entire Prospective Geology on Yellowknife Gold Belt north of:

City of

Yellowknife

City of

Yellowknife• Unique Situation for a Junior Mining Company to Control a

Major Gold Camp in Canada

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Yellowknife CityGold Project

A PROPERTY PORTFOLIO CONTROLLING THE

YELLOWKNIFE GOLD BELT

NORTHBELT

PROPERTY

NORTHBELT

PROPERTY

GOODWIN

CLAIMS

GOODWIN

CLAIMS

WALSH

LAKE

PROPERTY

WALSH

LAKE

PROPERTY

Northbelt – Feb 2013

3,562 hectares (100% Ownership

Mining Leases - Bankruptcy sale)

Goodwin – Jun 2013

251 hectares (Purchase 100%)

Walsh Lake – Oct 2013

2,695 hectares (Option for 100%)

Staking Winter 2013-14

1,447 hectares (100% Ownership)

U-Breccia – Mar 2014

1,394 hectares (Purchase 100%)

Total – 93.5 km2 (36.1 sq. miles)

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UBRECCIA

CLAIMS

UBRECCIA

CLAIMS

RYAN LAKE

CLAIMS

RYAN LAKE

CLAIMS

CRESTAURUM

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GIANT MINE

• Year Round Access from Yellowknife

• 8 km by road to Yellowknife Airport

- site of TerraX core facility

• Blue Fish Hydro Dam on Property –

expandable for Mine Development

• Skilled available workforce

• Local service providers

Unmatched Accessibility - Excellent Infrastructure

CRESTAURUM ROAD

POWER

LINE

Bluefish

Hydro Dam

Airport

•Population - 20,000

•Founded on 2 Gold Mines

•Transportation hub for

NWT

•Highway Access to the

Rest of Canada

•Daily jet service to major

cities

City of Yellowknife:

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Recovering Historical Work - $Millions Saved and

Project Moved Forward Several Years in a Few Months

• Terrax has Compiled +450 drill logs

completed 1945-1990’s with high grade Au

intersections on multiple shears

• >250 drill hole collar

locations found

• >150 drill collars surveyed – we

have exact locations of historical

high grade intersections

Homer Lake

VMS Target

Crestaurum

Barney

• Summer 2013 - Recovered Historical Core from

Giant Mine core yard ~200 holes

• Fall 2013 to Winter 2014 - Re-sampled Historical Core – Numerous High Grade Gold Results

(incl. 5.00m @ 62.90g/t Au & 20.86m @ 3.79 g/t Au)

Previous core storage Giant Mine Core Yard

New core storage - TerraX Core FacilityBuilt Summer 2013

YCGP TARGET RICH

1212

DDH 3.41m @ 3.42 g/t Au,DDH 3.41m @ 3.42 g/t Au,

69.3 g/t Ag, 3.67% Pb, 3.17% Zn69.3 g/t Ag, 3.67% Pb, 3.17% Zn

Mispickel ChannelsMispickel Channels

6.0m @ 7.29 g/t Au 6.0m @ 7.29 g/t Au

Samex ChannelsSamex Channels

4.0m @ 6.20 g/t Au 4.0m @ 6.20 g/t Au

DDH 22.42m @ 6.35 g/t AuDDH 22.42m @ 6.35 g/t Au

DDH 5.00m @ 69.20 g/t AuDDH 5.00m @ 69.20 g/t Au

Pinto SamplePinto Sample

49.3 g/t Au 49.3 g/t Au

CrestaurumCrestaurum

BarneyBarney

Homer Lake VMSHomer Lake VMS

Milner SWMilner SW

712, 326, 103 g/t Au 712, 326, 103 g/t Au

Ryan Lake Ryan Lake

141 g/t Au 141 g/t Au

445 g/t Ag445 g/t Ag

3.01% Cu 3.01% Cu

Ryan Lake Ryan Lake

6.32% Mo 6.32% Mo

VSB VeinVSB Vein

547, 346, 78 g/t Au 547, 346, 78 g/t Au

AES SampleAES Sample

12.85 g/t Au 12.85 g/t Au

AES SampleAES Sample

21.7 g/t Au 21.7 g/t Au

Crestauruam SWCrestauruam SW

40.2 g/t Au 40.2 g/t Au

Barney SouthBarney South

44.3 g/t Au 44.3 g/t Au

CrestaurumCrestaurum NE NE

878, 157.5, 25.7 g/t Au 878, 157.5, 25.7 g/t Au

Sam Otto SampleSam Otto Sample

72.6 g/t Au 72.6 g/t Au

DDH 21.12mDDH 21.12m

@ 2.97 g/t Au@ 2.97 g/t Au

TerraX Assay Results 2013 to 2014

Barney SouthBarney South

7.48 g/t Au 7.48 g/t Au

Shear 20Shear 20

AE

S S

hea

r

Ba

rne

y S

he

ar

Cresta

urum

Shear

2014 Drill Areas

2013/2014 Sampling

FOCUS ON THE

‘CORE GOLD AREA’

• Exploration in 2013 and 2014 has

defined a 5km x 3km “Core Area”

of gold mineralization

• Core Area contains the Barney

Shear (extension of Con & Giant);

the Crestaurum Deposit; Shear 20

as well as several other high grade

veins and shear zones that have

assayed as high as 549, 712 and

878 g/t Au

• Collectively, the shears and veins

could be indicative of gold bearing

vein sets common to large

mineralized systems

• 2015 Exploration Drilling will be

concentrated in this area

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0 2.5 5

kilometers

Barney Shear – Extension of Con & Giant System

Area of Drilling

In Summer 2014

Incl. 5.16 m @ 18.40 g/t Au,

Incl. 4.00 m @ 12.34 g/t Au,

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15

Crestaurum – TerraX 2013 & 2014 Core Results

North-Ext Shoot

Drill Hole FROM (m) TO (m) Width (m) Au g/t

DDH85-148 70.00 75.00 5.00 4.43

DDH85-150 53.00 48.00 5.00 62.90

DDH85-151 86.00 88.00 2.00 6.55

DDH85-163 71.00 75.00 4.00 3.00

TNB14-022 49.28 58.28 9.00 4.69

TNB14-023 53.00 57.40 4.40 2.18

North Shoot

Drill Hole FROM (m) TO (m) Width (m) Au g/t

DDH85-118 91.13 98.00 6.87 13.07

DDH85-121 98.00 100.00 2.00 5.92

DDH85-128 77.78 79.00 1.22 7.36

DDH85-134 99.00 102.00 3.00 13.45

DDH85-136 62.00 69.00 7.00 2.96

DDH85-157 146.00 148.00 2.00 67.69

DDH85-166 126.00 132.00 6.00 11.96

DDH85-167 96.00 101.00 5.00 5.47

DDH85-175 143.00 145.00 2.00 10.46

TNB14-019 49.00 51.85 2.85 33.60

TNB14-021 50.98 57.20 6.22 4.34

Central Shoot

Drill HoleFROM

(m) TO (m) Width (m) Au g/t

DDH85-177 57.00 59.00 2.00 10.04

DDH85-181 67.00 70.00 3.00 12.79

DDH85-185 61.00 63.00 2.00 2.96

DDH85-186 80.00 82.00 2.00 4.18

DDH85-187 81.00 86.00 5.00 20.66

South Shoot

Drill HoleFROM

(m) TO (m) Width (m) Au g/t

DDH85-171 60.00 63.00 3.00 3.35

DDH85-173 54.00 59.00 5.00 12.43

DDH85-174 61.00 66.00 5.00 8.03

DDH85-180 61.00 63.00 2.00 3.85

DDH85-190 66.00 67.29 1.29 5.96

TNB14-006 55.00 56.47 1.47 8.73

TNB14-011 94.31 104.33 10.02 4.17

TNB14-015 70.40 73.47 3.07 13.84

TNB14-016 73.00 76.60 3.60 4.48

TNB14-018 36.00 38.33 2.33 3.21

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Crestaurum Zone – 2014 Drill Program

South Ore

Shoot

Central

Ore Shoot

North Ore

Shoot

North Ext

Ore Shoot

• Program to twin 1945-47 drilling

and in-fill drilling

• 3 Drill Holes Winter 2014 incl.

TNB14-011 10.02m @ 4.17 g/t Au

• 9 Drill Holes Summer 2014 incl.

TNB14-019 2.85m @ 33.60 g/t Au

• Good Correlation with Previous

Results will allow Historical Holes

to be used in Future Resource

Estimates

South Ore Shoot

North Ore Shoot

North Ext Ore Shoot

0m 100m 200m 400m

PLAN MAP

DDH85-150

Central Ore Shoot

100m 200m 400m0m

BLOCK MODEL

GRADES

Areas of Winter 2014

DrillHoles

Areas of Summer 2014

DrillHoles

Prospecting Summers of 2013 & 2014

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Completed +1500 Sample Programs

�Grab assays up to 1205 g/t Au

�Chips up to 24.26 g/t Au over 4.0m

�Walsh Lake 7.29 g/t Au over 6.0m

�Ryan Lake 6.32% Mo, 3.01% Cu

�Homer Lake >500 g/t Ag, >20% Pb/Zn

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• DRILL PERMIT received March 2014 for 5-7 years, entire YCGP area

• Private Placement October 2014 raised $2.77M CDN for 2015 drilling

• Focusing on Quick Exploration Successo Barney Shear Corridor

o Crestaurum

o Other Targets Coming on Stream (see next slides)

• Compile Field Mapping & Prospecting - multiple new HIGH GRADE drill

targets discovered (see next slides)

• Environmental Baseline Studies commenced, water, soil analyses,

archaeology, bathymetry – preparing for future project development

• Lidar Survey (accurate cm scale topography) flown July on all properties

• Re-logging Historical Drill Core Ongoing – Over 20,000 Meters of Core

remains to be studied with potential deposit indications

• Data Compilation and 3D Modeling continueso Accurate down-hole directional surveys completed on historical and 2014 drilling

o Down-hole Televiewer and geophysics completed on historical drilling and 2014 Barney DDH

o Initiated acQuire ‘cloud’ database for instantaneous data collection and 3-D viewing of DDH

Moving Forward – 2014/15

TOP PRIORITY TARGETS for 43-101 MINERAL RESOURCES

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• AES Shear Zone – >5 kilometer gold structure with multi-gram surface

samples up to 21.7 g/t Au

• Shear 20 Zone – TerraX assays 21.0m @ 2.97 g/t Au in DDH NB94-01a

• Crestaurum Southwest – 4.0m @ 24.26 g/t Au in trench chip sampling

& 40.2 g/t Au in surface grab samples

• Crestaurum NorthWest – Surface samples of 878, 157.5 & 24.7 g/t Au

• VSB vein – Surface samples of 547, 346, 75.8, 34.9 g/t Au

• Milner Lake Southwest Vein – Surface samples of 712, 326 & 103 g/t

Au

• Jed Vein/Shear 19 – 1.60m @ 16.85 g/t Au - 2 km north of Crestaurum

• Southern Northbelt – Extension of Lynx, GBK, C-Zone mines (Giant) –

2014 surface reconnaissance sample returned 7.34 g/t Au

• Ryan Lake gold-molybdenum-copper-silver porphyry style

mineralization – up to 141 g/t Au, 445 g/t Ag, 6.32% Mo, 3.01% Cu in

surface samples and 4.0m @ 7.73 g/t Au, 0.13% Mo & 2.0m @ 7.44 g/t

Au, 0.24% Cu in porphyry from DDH NB96-24

Developing Targets to be Drilled in Future

1

20

• Walsh Lake Targets

o Sam Otto Zone - 15.85m @ 2.9 g/t Au in DDH W89-1

o Sam North Zone – 3.65m @ 6.11 g/t Au in DDH W95-12

o Dave’s Pond – 4.75m @ 5.61 g/t Au in DDH W95-29

o Mispickel Zone – 6.0m @ 7.29 g/t Au - TerraX 2013 chip sampling

o Samex Zone – 4.0m @ 6.20 g/t Au – TerraX 2013 chip sampling

o Sam Otto North – 72.6 g/t Au TerraX 2014 surface sample

o Eastern Walsh Lake - 11.1 g/t Au TerraX 2014 surface sample

• Homer Lake VMS – up to 47 g/t Au, 528 g/t Ag, >20.0% Pb, 9.44% Zn

in surface samples and 3.42m @ 3.41 g/t Au, 69.3 g/t Ag, 3.67% Pb,

3.17% Zn in massive sulphides from DDH TNB14-001, mineralized

trends followed on surface for 1.5km strike length

Developing Targets to be Drilled in Future

2

Summary

• Strong & Experienced Management Team

o EXCELLENT RECORD OF DELIVERING ON PROMISES

o PROJECT MOVED FORWARD QUICKLY, EFFICIENTLY($), DOING THE RIGHT WORK

• Tight share structure with low fixed burn rate

• Terrax CONTROLS A MAJOR CANADIAN GOLD CAMP – Unique opportunity for a junior

mining company

• Highly prospective property on trend with two world class

+5Moz historic gold mines

• Target Rich Property with numerous HIGH GRADE showings

and drill intercepts

• Readily accessible property, close to

infrastructure WITHIN A MINING CITY

• Property wide DRILL PERMITS in place

for 5-7 Years – time to define a discovery

• In less than 2 years since acquiring property TerraX

is ON TRACK FOR MAJOR DISCOVERY

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1 (604) 689-1749 (Vancouver)

1 (613) 843-8109 (Ottawa)

E-Mail: info@terraxminerals.com

www.terraxminerals.com

TXR :TSX-V TX0 :Frankfurt

WINTER ROAD TO

CRESTAURUM

DRILL SITE AT

HOMER LAKE

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