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YELLOWKNIFE CITY GOLD PROJECT
The Last Undeveloped
High-Grade Gold Camp in Canada
October 30 2015
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
GEOLOGY - Covers 23 km of strike (116 km2) on one of the major high-grade gold camps in Canada – and the
least explored.
LOCATION - “In the shadow of the head frame” immediately north and south of the world-class Giant and
Con Gold Mines - 14.2 Moz Gold produced over 60 years @ average grade of 16 g/t Au
ACCESSIBLE - Road access to city of Yellowknife (5 km to south), supply centre for NWT exploration; new
(2013) hydro-power dam on property; 8 km from commercial airport; skilled trades people and local support
EXCELLENT ENDOWMENT - Multiple gold-bearing structures:
- 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
- Hebert-Brent – new discovery summer 2015 - surface channel sampling of 11.0m @ 7.55 g/t Au
- Exploration focus on Core Gold Area is targeting discovery of a +5Moz Au deposit
FUNDED & ACTIVE – $5.2M raised in placements in June, 2015
- Sale of option on 1% NSR to Osisko Gold Royalties for $1 Million; additional $2M required to exercise
- fully funded for multiple drill programs through 2016.
- results pending from 6,730 meter summer drill program and extensive surface exploration
SECURE LAND HOLDINGS – Northwest Territories, Canada
- 100% ownership; majority of property is mineral leases, with no work commitments or property payments
ATTRACTIVE SHARE STRUCTURE – 67.4M shares issued
- 14.8% ownership by management and staff
- 16.9% acquired for cash in private placements by Osisko Gold Royalties (TSX: OR)
EXPERIENCED MANAGEMENT - Exploration, resource definition, mine planning and operations 3
Investment Highlights
Company OverviewIssued Shares: 67.4 mln
Options: Total : 5.6 mln
2,050,000 @
395,000 @
100,000 @
295,000 @
1,050,000 @
500,000 @
750,000 @
175,000 @
350,000 @
250,000 @
$0.17 (Jun. 28, 2018)
$0.35 (Dec 24, 2017)
$0.61 (Sept 30, 2016)
$0.45 (Dec 23, 2016)
$0.35 (Mar 14, 2019)
$0.61 (May 5, 2019)
$0.38 (Mar 26, 2018)
$0.31 (July 22, 2018)
$0.25 (Aug 31 2017)
$0.25 (Sept 2 2018)
Warrants: Total: 11.0 mln
3,206,043 @
1,293,736 @
820,000@
650,000@
4,018,738 @
946,136 @
$0.30 (May. 8, 2016)
$0.50 (Dec 20, 2015)
$0.51 (Feb 12, 2016)
$0.57 (Feb 28, 2016)
$0.50 (Sept 30, 2017)
$0.55 (June 5, 2018)
Fully Diluted Shares: 84.0 mln
Basic Market Cap (C$0.32/share) $21.6 mln
Held by Management: 14.8%
Held by Osisko Gold Royalties: 16.9%
Working Capital $4.61 Million
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October 30 2015
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Joseph Campbell, P. Geo – President, CEO and Director
• 34 years of experience, including Exploration and Mine Development, open pit & underground
• Project Manager for 7 years from discovery to pre-feasibility - Meliadine gold project, Nunavut
⁻ Introduced Meliadine to Agnico Eagle (AEM) in 2007; wrote Endowment Study for AEM
⁻ Completed pre-feasibility level scoping study in 2008 with AEM engineers in Val D’Or;
⁻ AEM acquired ≈9% of Comaplex ($46.9M in cash) in 2008;
⁻ AEM acquired balance of Comaplex for $650 Million in shares in 2010;
⁻ One of Agnico Eagle’s largest projects in terms of reserves and resources:
P&P Reserve of 3.3 Moz @ 7.44 g/t Au with Indicated Resource of 3.3 Moz @ 5.06 g/t Au
⁻ Agnico’s “fastest growing project with multiple high-grade zones”:
Inferred resource at 3.5 Moz @7.65 g/t Au
Dr. Thomas Setterfield, P. Geo – VP Exploration and Director
• 34 years of international experience: Ph.D in Geology from Cambridge University (1991)
• Expert in IOCG, Epithermal Au and VMS deposit types
Stuart Rogers, CFO and Director
• 25+ years as director and senior officer of public companies on TSX-V, TSX and NASDAQ
Paul Reynolds, P. Geo – Director
• 28 years of experience in resource exploration and public company management
Elif Lévesque, CPA, CGA, MBA – Director
• Chief Financial Officer and VP Finance for Osisko Gold Royalties since June 2014
• 13 years of experience in finance, treasury and strategic management in the mining industry
Accomplished Management
5
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
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Regional Geology: Comparable to Timmins
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TerraX has 100% Ownership of the Strike Extensions 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 covers 116 km2
Over 23 km of Strike Length on Main Yellowknife Gold Break
� TerraX controls Entire Prospective Geology on Yellowknife Gold Belt north and south of:
� Unique Situation for a Junior Mining Company to Control a Major Gold Camp in Canada
Con 6.1M oz
Giant 8.1M oz
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• 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
• 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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TerraX Core Facility
0 52.5
kilometers
Benefits of Historical Exploration$M Saved, Accelerated Project Timeline
Previous core storage Giant Mine Core Yard~200 YCG Drill Holes Recovered
• TerraX has compiled +450 historical drill
logs (1938-96) recovered from Giant
Mine by the NWT Geoscience Office
• Core from ~200 drill holes recovered by
TerraX from Giant Mine core yard,
sampling by TerraX included 5.0m @
62.90g/t Au and 20.86m @ 3.79g/t Au
• >250 drill collar locations have been
identified and surveyed by TerraX – we
have accurately located the ‘best’ holes
• TerraX has identified and sampled
dozens of gold mineralized trenches
• Project moved years ahead of schedule,
and savings of $M
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THE ‘CORE GOLD AREA’Concentrating our exploration efforts
• Based on Surface work and drilling
TerraX has defined a 5 x 3 km ‘Core
Gold Area’ of mineralization
• The Core Gold Area contains the
Barney Shear (the extension of Con &
Giant); the Crestaurum Deposit; Shear
20; as well as several other high grade
shears and veins
• Taken collectively we believe the
shears and veins could be indicative of
gold-bearing vein sets common to
large mineralized systems
• The 2015 exploration drilling will be
carried out in this area
0 2.5 5
kilometers
Hebert-Brent
11
12
2015
2015 Drill
Results
Summer 2015 Drill Results are pending
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Designed to Follow-up on 2014 Results
Winter 2015 Drilling Up Dip of Main Zone
Barney Shear – 2015 DDH SuccessExtending Dip of Zone
Incl. 5.16m @ 18.40 g/t Au
Incl. 4.00m @ 12.34 g/t Au
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Barney Shear – 2015 DDH SuccessExtending Strike of Zone
15
Crestaurum Zone – 2014/15 Drill Programs
South Ore
Shoot
Central
Ore Shoot
North Ore
Shoot
North Ext
Ore Shoot
• 2014 Program to twin 1945-47 drilling and in-fill
drilling on known high grade shoots
• Twin Drill Holes incl. TNB14-011 10.02m @ 4.17 g/t Au
• In-fill Drill Holes incl. TNB14-019 2.85m @ 33.60 g/t Au
• 2015 Winter Program designed to test dip and strike
extension and discovery of new high grade shoots
• TCR15-003 7.00m @ 10.23 g/t Au South Shoot
extension
• TCR15-025 8.86m @ 2.86 g/t Au, including 2.00m @
10.24 g/t Au in new shoot on 400m strike extension
100m 200m 400m0m
BLOCK MODEL GRADES
LEGEND
Areas of 2014Drill Holes
Areas of 2015Drill Holes
Crestaurum South Zone – 2015 Drill Results
• 2015 Winter Program successfully
tested dip and strike extension of high
grade shoots
• discovered of new high grade shoots
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2.80m @ 3.34 g/t Au
5.00m @ 5.29 g/t Au
3.17m @ 2.15 g/t Au
YCGP SUMMER 2015 SURFACE WORKDEVELOPING NEW TARGET AREAS FOR 2015-2016 DRILL PROGRAMS
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Concentration on
the Core Gold
Area
0 42
kilometers
0 42
kilometers
FOCUS ON THE ‘CORE GOLD AREA’
� Approximately 2660 surface samples have been taken by TerraX in 2013, 2014 & 2015
o 20% >1g/t Au, up to 1205 g/t Au
� Exploration in 2013 and 2014 defined a 5km x 3km “Core Area” of gold mineralization
� Core Area contains:
o Barney Shear (extension of Con & Giant) -22.42 m @ 6.35 g/t Au in DDH
o Crestaurum Deposit - 5.0 m @ 63.90 g/t Auin DDH
o Shear 20 - 21.12 m @ 2.97 g/t Au in DDH
o Barney Deformation Corridor (“BDC”) channel sampling 2015:
• 11 m @ 7.55 g/t Au Hebert-Brent
• 6 m @ 10.26 g/t Au Hebert-Brent South
• 15 m @ 2.23 g/t Au Hebert-Brent East
o Shear 17 (2.0 m @ 21.40 g/t Au in channels)
o high grade off-angle veins with assays up to 549, 712 and 878 g/t Au in grabs
� Collectively, the shears and veins are indicative of gold bearing vein sets common to large mineralized systems
18
0 21
kilometers
0.5
Barney Deformation Corridor 2015 Discovery
19
20
Hebert-Brent Area
Channel Sampling
• Multiple Zones
• Demonstrated Strike
Extension
• 6 Drill Holes (953m)
Completed – Assays
Pending
21
Channel Samples Average
11 m @ 7.55 g/t Au
The style of
alteration and
mineralization in
this zone is
similar to the ore
zones mined at
the Con Mine
22
23
24
25
� Exploration budget of $1.5M in Summer of 2015
o Drill Crestaurum Deposit in preparation for Ore Resource Estimation
o Discover new areas of mineralization in the CORE GOLD AREA – latest example Hebert-
Brent Shear (11 m @ 7.55 g/t Au; 6 m @ 10.26 g/t Au and 15 m @ 2.23 g/t Au in surface
channels)
o Prepare areas for Winter 2016 drilling
o Stake and sample additional claims to expand YCG
� Exploration budget of $4.0M in 2016
o Drill Barney Shear (extension of Con & Giant) in preparation for Ore Resource Estimation -
22.42 m @ 6.35 g/t Au in DDH in 2014
o Drill New Targets including
• Barney Deformation Corridor including Hebert-Brent Shear
• Pinto – assays up to 108 g/t Au in grab samples
• Mispickel - 6.0m @ 7.29 g/t Au in chip sampling on surface
• Sam Otto - 5.35m @ 5.61 g/t Au & 15.85m @ 2.59 g/t in historical drilling (1995)
• Shear 17 - 2.00m @ 21.40 g/t Au in surface chip samples
• Crestaurum area high grade off-angle veins with assays up to 549, 712 and 878 g/t Au in grabs
Work Programs for 2015-2016
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� TerraX - well funded, with experienced management to bring YCG through the
project development stage
� DRILL PERMIT - received March 2014 for 5-7 years, entire YCGP area
� Private Placement June 2015 - $5.2M CDN for 2015/16 drill programs
� Fully funded for multiple drill programs through to end of 2016:
o Barney Shear
o Crestaurum
o New Targets within Core Gold Area, including Barney Deformation Corridor
� Summer 2015 Field Mapping, Prospecting and Channel Sampling with
TerraX/Osisko technical teams – more than 20 new near surface HIGH GRADE
gold targets discovered to date
� Current Summer 2015 definition drilling for Crestaurum resource, then moving to
new targets Fall 2015 to Winter 2016
� Environmental Baseline Studies continue, water, soil analyses, archaeology,
bathymetry – preparing for future project development
� Data Compilation and 3D Modeling continues for 43-101 resource estimation Q1
2016
Moving Forward – 2015/2016
TOP PRIORITY TARGETS for 43-101 MINERAL RESOURCES
SUMMER 2015
ROAD TO CRESTAURUM
SUMMER DRILL SITE
JULY 2015
CRESTAURUM
27
1 (604) 689-1749 (Vancouver)
1 (613) 843-8109 (Ottawa)
E-Mail: [email protected]
www.terraxminerals.com
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REPAIRS ON CRESTAURUM ROADJUNE 2015