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YELLOWKNIFE CITY GOLD PROJECT

The Last Undeveloped

High-Grade Gold Camp in Canada

May 2015

This presentation may contain “forward‐looking statements” which reflect the Company’s currentexpectations regarding the future results of operations, performance and achievements of the Company,including potential property acquisitions, the timing, content and results of work programs, geologicalinterpretations and potential mineral discoveries, and negotiation and closing of future financings. Thestatements reflect the current beliefs of the management of the Company and are based on currentlyavailable information. Accordingly, these statements are subject to known and unknown risks,uncertainties and other factors which could cause the actual results, performance, or achievements ofthe 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 mineralproperties adjacent to or near the Company’s properties and in which the Company has no right orinterest. 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 approvedby Dr. Tom Setterfield, P.Geo., the VP Exploration of TerraX Minerals Inc., who is a "qualified person" asdefined in National Instrument 43‐101 of the Canadian Securities Administrators.

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Forward Looking Information

GEOLOGY ‐ Covers 15 km of strike (94.9 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 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

FUNDED & ACTIVE – $2.8M raised in private placement in fall 2014 ‐ used for recently completed 2015 winter drill program (6,800 m) ‐Agreement for $2.5M private placement with Osisko Gold Royalties, TerraX to raise additional $3.5M on same terms

SECURE LAND HOLDINGS – Northwest Territories, Canada‐ Secure title, with 100% ownership by TerraX‐Majority of property comprised of mineral leases, with no work commitments or property payments

ATTRACTIVE SHARE STRUCTURE – 54.1M shares issued‐18.4% ownership by management and staff ‐ 9.2 % acquired by Osisko Gold Royalties  (TSX: OR), recent agreement to increase holdings to ≈ 20% 

EXPERIENCED MANAGEMENT‐ Exploration, resource definition, mine planning and operations 3

Investment Highlights

Company OverviewIssued Shares: 54.1 mln

Options: Total : 5.1 mln2,050,000 @360,000 @ 100,000 @295,000 @

1,050,000 @500,000 @100,000@650,000@ 

$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)$0.38 (Jan 29, 2018)$0.38 (Mar 26, 2018)

Warrants: Total: 10.0 mln3,143,543 @ 

62,500 @1,188,180 @105,556 @820,000@650,000@

4,018,738 @ 

$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: 69.2 mln

Basic Market Cap  (C$0.40/share) $21.6 mlnHeld by Management:  18.4%

Held by Osisko Gold Royalties: 9.2%

Working Capital $1.0 Million

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April 30 2015

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OPTION on 1% NSR on YCG – $1.0M cash for option, $2.0M additional cash to exercise  

PRIVATE PLACEMENT – Osisko Gold Royalties to purchase $2.5M flow through financing at premium to market ($0.45/share)

CONCURRENT PRIVATE PLACEMENT – TerraX to raise up to $3.5M additional funds at comparable terms to Osisko raise. 

OSISKO NOMINEE TO BE APPOINTED TO TERRAX BOARD

OSISKO SUPPORT – provide technical support for planning and additional highly experienced staff for field work on YCG  

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May 2015 ‐ Osisko Investment Agreement

Joseph Campbell, P. Geo – President, CEO and Director• 34 years of experience: Exploration Manager for advanced projects; Mine Development Project 

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

Accomplished Management,all founding members of TerraX

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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: Comparison to Timmins

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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 covers 94 km2

Over 15 km of Strike Length on Main Yellowknife Gold Break

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

• Unique Situation for a Junior Mining Company to Control a Major Gold Camp in Canada

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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

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) – data was recovered by NWT Geoscience Office from Giant Mine

• Core from ~200 drill holes recovered by TerraX from Giant core yard, logging and 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 ‘good’ holes

• TerraX has identified and sampled dozens of gold mineralized trenches 

• Project moved years ahead of schedule, and savings of $M

YCGP TARGET RICH

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DDH 3.41m @ 3.42 g/t Au,69.3 g/t Ag, 3.67% Pb, 3.17% Zn

Mispickel Channels6.0m @ 7.29 g/t Au

Samex Channels4.0m @ 6.20 g/t Au

DDH 22.42m @ 6.35 g/t Au

DDH 5.00m @ 69.20 g/t Au

Pinto Sample49.3 g/t Au

Crestaurum

Barney

Homer Lake VMS

Milner SW712, 326, 103 g/t Au

Ryan Lake 141 g/t Au 445 g/t Ag3.01% Cu

Ryan Lake 6.32% Mo

VSB Vein547, 346, 78 g/t Au

AES Sample12.85 g/t Au

AES Sample21.7 g/t Au

Crestaurum SW40.2 g/t Au

Barney South44.3 g/t Au

Crestaurum NE 878, 157.5, 25.7 g/t Au

Sam Otto Sample72.6 g/t Au

DDH 21.12m@ 2.97 g/t Au

TerraX Assay Results 2013 to 2014

Barney South7.48 g/t Au

Shear 20

Bar

ney

Shea

r

2014 Drill Areas

2013/2014 Sampling

FOCUS ON THE

‘CORE GOLD AREA’• Approximately 1800 surface samples have

been taken by TerraX in 2013 & 2014o Close to 20% >1g/t Au, up to 1205g/t Au

• Other metals in various locationso Highs up to >500g/t Ag o Multi percent Pb, Zn, Cu, Mo

• 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) o Crestaurum Deposito Shear 20 as well as several other high

grade veins/shear zones that have assays 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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Shear 2021.0m @ 2.97 g/t

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2015

2015 Drill Results

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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 Zone – 2015 Drill Results 

• 2015 Winter Program is designed to test dip and strike extension of high grade shoots  and discovery 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

Barney Shear – 2014 Results – Prior to 2015 Drilling

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Designed to Follow-up on 2014 Results

Winter 2015 Drilling Up Dip of Main Zone

Barney ShearWinter 2015 Drill Results

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Barney Shear – 2015 Results Designed to Follow-up on 2014 Results

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Barney Shear – 2015 Results Designed to Follow-up on 2014 Results

Designed to Follow-up on 2014 Results

Winter 2015 Drilling South of Main Zone

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• TerraX ‐ well funded and with experienced management to bring YCG project through discovery stage

• DRILL PERMIT ‐ received March 2014 for 5‐7 years, entire YCGP area• Private Placement May 2015 ‐ $6.0M CDN for 2015/16 programs • Winter 2015 Drilling Completed (6800m) ‐ Focused on Success

o Barney Shear Corridoro Crestaurum

• June 2015 Field Mapping & Prospecting with TerraX/Osisko technical teams – targeting new HIGH GRADE drill targets, more than 20 gold targets already identified

• July 2015 – Scheduled Summer Drilling Start• Environmental Baseline Studies continue, water, soil analyses, 

archaeology, bathymetry – preparing for future project development• 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 continues

Moving Forward – 2015/2016

TOP PRIORITY TARGETS for 43-101 MINERAL RESOURCES

1 (604) 689‐1749 (Vancouver)1 (613) 843‐8109 (Ottawa)

E‐Mail: info@terraxminerals.comwww.terraxminerals.com

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WINTER ROAD TO CRESTAURUM

WINTER DRILL SITE JAN 2015

CRESTAURUM

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REPAIRS ON CRESTAURUM ROAD – DEC 2014