TXR TSX-V TX0 Frankfurt

YELLOWKNIFE CITY GOLD PROJECT

LeveragingHistoric Explorationin One of Canada’s Great Gold Belts

July 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

Company OverviewJuly 28, 2014

Issued Shares: 44.3 mln

Options: Total : 4.5 mln

100,000 @

2,050,000 @

360,000 @

100,000 @

295,000 @

1,050,000 @

500,000 @

$0.10 (Aug. 2, 2014)

$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: 7.8 mln

1,755,000 @

3,196,343 @

62,500 @

1,188,180 @

105,556 @

820,000@

650,000@

$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)

Fully Diluted Shares: 56.6 mln

Basic Market Cap (C$0.45/share) $19.9 mln

3

Held by Management: 18.0%

Held by Virginia Mines Inc: 9.7%

Working Capital $1.36 million

TXR TSX-V

TRXXF OTC Pink

TX0 Frankfurt

$0.045 December 31, 2012 – $0.45 July 28, 2014

Joseph Campbell, P. Geo – President and Director

• 34 years of experience: exploration and mining on a variety of deposit types

• 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.

• Evaluated Au potential along a known Au trend in Ontario. Managed subsequent drilling,

authored a NI 43-101 ore resource report on a growing 2,000,000 oz Au deposit

• Study Manager for a resource estimate on El Abra porphyry Cu deposit in Chile

• Chief Geologist for 250 Mt tonne Nickel laterite deposit in Cuba (Pinares)

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

• 34 years of international experience in exploration and mining including:

• Ph.D from Cambridge University – Cambridge, England (1991)

• Expert in IOCG, Epithermal Au and VMS deposit types

• Consultant to QGX Ltd. for Golden Hills VMS deposit in Mongolia

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

Accomplished Management

4

5

Yellowknife - One of Six High Grade Gold Camps in Canada

More Than 300M* Oz Gold have been mined from ArcheanGold 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

6

Con Mine

1938 to 2003

6.1 million oz @ 16.1 g/t Au

Giant Mine

1945 to 2004

8.1 million oz @ 16.0 g/t Au

Yellowknife

City Gold

Project

Yellowknife

City Gold

Project

City of

Yellowknife

City of

Yellowknife

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

YCGP contains Over 15

km of Strike Length on

Main Yellowknife Gold

Break

Regional Geology

Stratigraphic Column

7

6.1 Moz Au6.1 Moz Au

8.1 Moz Au8.1 Moz Au

8

Yellowknife CityGold Project

A GROWING 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)

8

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 7.5 Mw on

Property

• 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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Historical Work

Over 450 drill holes completed 1945-1990’s with high grade Au intersections on multiple shears

TerraX compiled logs and assays for 400+ holes

+250 drill hole collars found

Homer Lake

VMS Target

Crestaurum

Barney

Northbelt Core Recovery and Relocation

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Summer 2013Recovered Historical Core

from ~105 holes and

mineralized intersections from an additional 74 holes

Fall 2013 to Winter 2014Re-logged and Re-sampled Historical Core – Numerous

High Grade Gold Results

New core storage - TerraX Core Facility

Previous core storage - Giant Mine Core Yard

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2013/14 Work Completed

Field Exploration Campaign – Completed in 20 Weeks of Field Work 2013/14 •Located High Grade Au on New (up to 547 g/t Au) and Historically Reported Zones (4.0m @

24.26 g/t Au)

•Located High Grade Precious Metal Rich Massive Sulphides (up to 529 g/t Ag, >20% Pb and

9.44%) At Homer Lake VMS

•Completed Helicopter Borne Geophysics July 2013 - Defined New Exploration Targets

•Re-logged and Re-sampled Recovered Historical Drilling•Discovered 200 drill hole cores stored at the Giant Mine Site

•Located drill collars for more than 250 historical drill holes – surveyed 155 holes

•Constructed new logging facility at Yellowknife Airport

•Began re-log and re-sample of historical drill core (5.00m @ 62.90 & 20.86m @ 3.79 g/t Au)

•Drilled 4500m in Winter/Summer 2014•Homer Lake Base Metal (3.42m @ 3.41 g/t Au, 69.3 g/t Ag, 2.67% Pb, 3.17% Zn)

•Crestaurum (10.02m @ 4.17 g/t Au, including 2.89m @ 10.88 g/t Au)

•Barney Shear (4.00m @ 3.65 g/t Au & 2.65m @ 0.28 g/t Au, 86.7 g/t Ag, 7.73% Pb)

•2014 - Start Environmental Baseline Studies to be ready for Future Project Development

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Crestaurum Deposit – Re-sampled Core Results

TerraX Assay Intervals from 1985 Drilling on Crestaurum Deposit

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

DDH85-134 99.00 102.00 3.00 13.45

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

North-Ext Shoot

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

DDH85-150 53.00 48.00 5.00 62.90

DDH85-151 86.00 88.00 2.00 6.55

Central Shoot

Drill Hole FROM (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

DDH85-187 81.00 86.00 5.00 20.66

South Shoot

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

DDH85-173 54.00 59.00 5.00 12.43

DDH85-174 61.00 66.00 5.00 8.03

2014 DRILL TARGETS

2.93 2.93 g/tg/t Au over 28.32mAu over 28.32m

49.3 49.3 g/tg/t AuAu

0.85% Mo0.85% Mo

PorphyryPorphyry

12.85 12.85 g/tg/t AuAu

2.97 2.97 g/tg/t AuAu

over 21.12mover 21.12m

24.26 24.26 g/tg/t AuAu

over 4.00mover 4.00m

& &

62.90 62.90 g/tg/t Au Au

over 5.00mover 5.00m

1.54 1.54 g/tg/t Au, 95.5 Au, 95.5 g/tg/t AgAg

3.13% 3.13% PbPb, 1.59% Zn, 1.59% Zn

over 5.00mover 5.00m

16.85 16.85 g/tg/t AuAu

over 1.40mover 1.40m

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Drill Permits for 5-7 years on entire

YCGP area

Phase 1 : Winter drilling (2,305m)

completed April 2014

Phase 2: Summer drilling (2,200m)

completed July 2014 - results pending

3 Initial Drill Targets for 2014

• Homer Lake (1000m drilled)

- VMS Zn, Pb, Ag, Au, Cu

• Barney Shear (2000m drilled)

- Target is >4.5km Extension of

Giant/Con Shear System

- Wide Au Zones Intersected in

1995/96 DDHs

• Crestaurum Deposit (1500m)- Historical High Grade DDHs

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Barney Shear Corridor – 1995 Discovery Zone

Land holes

1995-96 collars

surveyed,

cased, capped

Core retrieved

from all

1995-96 DDH

Winter 2014

Extension of

Zone 250m

North

Summer 2014

Wedges from

1995-96 DDH

and Infill DDH

Total 2000m

Drilling in 2014

Porphyry Zone

Volcanic Zone

Area of Winter 2014 Drill holes

Area of Wedge holes

In Summer 2014

4.00 m @ 12.59 g/t Au, 65 g/t Ag

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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 2014m incl.

10.02m @ 4.17 g/t

• 9 Drill Holes Summer 2014 –

results pending

• 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

2014Drill

Holes

Homer Lake

X-Section

TNB14-003 & 004with

Surface samplingfrom Summer 2013

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7.00m @ 0.50 g/t Au, 90.3 g/t Ag,

4.25% Pb, 0.89% Zn

Significant Findings• Multiple felsic volcanic

horizons hosting VMSstyle mineralization

• Pervasively mineralizedwith Pb, Zn, Ag, Au -bulk tonnage potential

• High precious metalsilver - multi-ounce inhigh grade lenses

• Target horizons tracedfor several hundred meters on surface

Prospecting Summers of 2013 & 2014

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Completed +1500 Sample Programs

�Assays up to 547 g/t Au in grab

sample

�Chips up to 24.26 g/t Au over 4.0m

�Walsh Lake 7.29 g/t Au over 6.0m

� Assay values of 49.30 g/t Au and 55.2 g/tAg in one grab sample at Pinto

� 529 g/t Ag, >20% Pb and 9.44% Zn in

grab sample from Homer Lake

Summer Prospecting 2013 & 2014 – Visible Au

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20

• Pinto Shear Zone – 49 g/t Au in grab

• AES Shear Zone – 13 g/t Au in grab

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

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

• Jed Vein/Shear 19 – 1.60m @ 16.85 g/t Au

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

mineralization – up to 0.85% Mo, 4.0m @ 7.73 g/t Au in DDH NB96-24

• 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

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

Developing Targets to be Drilled in Future

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• DRILL PERMIT received March 10 – 5-7 years, entire YCGP area

• Initial Drilling – Started March 24 , completed July 29 on Top Priority

Targets – 4500mo Winter road access program completed April 23rd – 2300m drilled

o Re-started drilling in mid June following spring break up – 2200m drilled

o Homer Lake – Base Metal Target – results from Winter drilling indicates large VMS system

o Barney Shear Corridor

o Crestaurum

• 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

• Field Work of mapping, prospecting ongoing Summer 2014, multiple

new targets discovered

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

TARGET for 43-101 MINERAL RESOURCES

Summary

• Strong & Experienced Management Teamo EXCELLENT RECORD OF DELIVERING ON PROMISES

• Tight share structure with low fixed burn rate

• Highly prospective property on trend with two world class

(5moz+) historic gold mines

• Numerous high-grade showings and drill intercepts

• Readily accessible property, close to

infrastructure within a mining city

• Well funded for planned Work

• DRILL PERMITS in place for 5-7 Years

• WINTER DRILLING COMPLETED APRIL 22nd

• DRILLING SUMMER START-UP – JUNE 23rd

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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