TerraX Corporate Presentation Oct 2013

TXR TSX-V TX0 Frankfurt

NORTHBELT PROPERTY

Leveraging Historic Exploration in Prolific

and AccessibleYellowknife Gold Belt

October 2013

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.

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Forward Looking Information

Company Overview

3

Held by Management: 15.8%

Held by Virginia Mines Inc: 9.6%

Working Capital $0.8 million

Sept 30, 2013

Issued Shares 37.4 mln

500,000 @

650,000 @

2,050,000 @

360,000 @

100,000 @

$0.10 (Apr. 30, 2014)

$0.10 (Aug. 2, 2014)

$0.17 (Jun. 28, 2018)

$0.28 (Aug. 29, 2018)

$0.61 (Sept 30, 2016)

Options: 3.7 mln

1,855,000 @

3,502,243 @

62,500 @

$0.10 (Jan. 21,2015)

$0.30 (May. 8, 2016)

$0.30 (May. 30,2016)

Warrants: 5.4 mln

Fully Diluted Shares 46.5 mln

Basic Market Cap ($0.60/share) ~ $23 mln

TXR TSX-V

TX0 Frankfurt

$0.045 Dec 31, 2012 – $0.60 Oct 2013

Joseph Campbell, P. Geo – President

• 33 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

• 33 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

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5

Acquired Northbelt Property

Feb 2013

• Property on north boundary of

Yellowknife, a City Founded on

Gold Mining

• 100% Owned Mine Leases –

Holding Cost $17,000/year

• No work commitments

• Virginia Mines holds option to

purchase a 2% NSR for $2 million.

City of

Yellowknife

City of

Yellowknife

NORTHBELT PROPERTY

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NORTHBELT

PROPERTY

NORTHBELT

PROPERTY

City of

Yellowknife

City of

Yellowknife

Infrastructure - Ideally Situated

CRESTAURUM

C-ZONE

LYNX

GBK

SUPERCREST

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Northbelt Property – The Right Geology

• Northern Extension of the Geology

Containing the Con (5.5M oz) and Giant

(7.8M oz) Mines @ 11 g/t Au

• Area: 36.5 Sq km

• 13 km Strike Length on

Main Yellowknife Gold Break

• Historical reports show at least 463 holes

drilled on Northbelt property

• Innumerable Au Targets Including historic

Crestaurum Deposit

CRESTAURUM

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BLUEFISH HYDRO DAMOpened July 30th, 2013

Current Capacity 7.5Mw - Expandable

GIANT MINE

Accessible with Infrastructure

•Year Round Road Access from City

of Yellowknife

•8 km from Yellowknife Airport

•2 km from new Blue Fish Hydro-

Electric Dam

Excellent and Accessible Infrastructure

CRESTAURUM ROAD

POWER

LINE

Bluefish

Hydro Dam

Airport

Core From 200+ Drill Holes

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Core from more

than 200 drill

holes previously

stored in the core

yard at the Giant

Mine site

August 2013

TerraX’s New

Core Facility

Finding Old Drilling Collars

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+250 drill

hole collars

found,

155

surveyed

this June

463 known Historic Drill Holes on property

including:

• 190 Crestaurum

• 20 Barney Shear (NEBEX 1995-96)

• 80 Homer Lake VMS Target

250+ Drill Collars Found including:

• 123 Crestaurum

• 29 Barney Shear, 20 Shear and 19 Shear

• 39 Homer Lake VMS Target

200+ Core Intersections Found including:

• 74 Crestaurum (1985 – Giant)

• 86 NEBEX (1993-96) including Barney, 20

Shear, 19 Shear & Crestaurum Strike Extension

• 30 Homer Lake VMS Target (1970’s – Giant)

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NORTHBELT PROPERTY

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Numerous Prospective Targets and Showings

Selected Historical Drill Hole Intersections

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Summer 2013 Work Program

Exploration Campaign – Completed in 12 Weeks of Field Work

•Located High Grade Au on New and Historically Reported Zones

•Located High Grade Precious Metal Rich Massive Sulphides At Homer Lake VMS

•Completed Helicopter Borne Geophysics - Defined New Exploration Targets• Multi-kilometer magnetic signatures aligned with Au mineralization

• Multi-kilometer radiometric signatures aligned with Au mineralization

• A large untested EM anomaly proximal to historic surface trenches and drill hole

intersections of high grade precious metal rich base metals (Pb, Zn, Cu)

•Work on 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-logging and re-sampling of historical drill core

• Preparation for winter drill program on schedule, including initial community engagement

meetings and permitting

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Airborne Survey July 2013

MAGNETICSPOTASSIC

RADIOMETRICSEM

Low level Helicopter Borne System

•520 line KM

•East-West lines 100m spacing

•Two North-South tie lines 3km

spacing

•Completed for 1/3 cost of other

Northern Surveys because of

proximity to Yellowknife Airport

Low level Helicopter

Borne System

100-200’ high (30-60 m)

Homer Lake

VMS Target

Pinto Shear

Crestaurum

Barney

Prospecting June 2013

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Completed 293 Sample Program

�165 chip samples from 80

separate locations

�128 grab samples.

• Assay values of 49.30 g/t Au and 55.2 g/t

Ag in one grab sample at Pinto

• 529 g/t Ag, >20% Pb and 9.44% Zn in

one grab sample from Homer Lake

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Trench Chip Sample

3.00m @ 15.24 g/t

Grab Sample

12.85 g/t

Trench Chip Sample

1.40m @ 16.85 g/t

Trench Chip Sample

2.00m @7.15 g/t

Grab Sample

49.30 g/t Au, 55.2 g/t Ag

4.37% Pb, 2.01% Zn

Grab Sample

0.60 g/t Au, 529 g/t Ag

+20% Pb, 9.44% Zn

Trench Chip Sample

5.00m @

1.31 g/t Au, 38.4 g/t Ag

2.74% Pb, 2.42% Zn

Trench Chip Sample

5.00m @

1.54 g/t Au, 95.5 g/t Ag

3.13% Pb, 1.59% Zn

2013 Prospecting Results

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CRESTAURUM DEPOSIT

CIRCA

1948

Today

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Crestaurum Deposit – Re-sampled Core Results Assay Intervals from 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


DDH85-150 53.00 48.00 5.00 62.90

DDH85-151 86.00 88.00 2.00 6.55

Central Shoot


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


DDH85-173 54.00 59.00 5.00 12.43

DDH85-174 61.00 66.00 5.00 8.03

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• 123 Crestaurum drill collars

located and surveyed to cm

accuracy – June-July 2013

• Core from 74 Crestaurum

drill holes found, re-logged,

re-sampled

85-174

85-187 85-15085-118

South Ore

Shoot Central

Ore Shoot

North Ore

Shoot

North Ext

Ore Shoot

Crestaurum Zone - Vein 1 187 DDH

85-174

85-187

DDH85-150

DDH85-118

South Ore Shoot

Central Ore Shoot

North Ore Shoot

North Ext Ore Shoot100m 200m 400m

0m 100m 200m 400m

0m

Slide 21Slide 20

LONGITUDAL SECTION

PLAN MAP

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CRESTAURUM TRENCH

SAMPLING

Crestaurum Deposit – South ShootTrench Chip Sample – June 2013

3.00m @ 15.24 g/t

CRESTAURUM TRENCH

SAMPLING

DDH85-174 – September 2013

5.00m @ 12.43 g/t

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Crestaurum Deposit – North Extension Shoot


3.00m @ 4.59 g/t


5.00m @ 4.43 g/t


5.00m @ 62.90 g/t

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Crestaurum Historical Metallurgy

1985 Program: 44 samples of drill core rejects from 7 drill holes – we have

re-sampled all 7 holes and verified the grades

Composite A

•Drill grade of 0.357 oz/ton (cut to 1 oz/t as per resource estimate)

•Drill grade un-cut 0.627 oz/ton

•Calculated metallurgical head grade 0.72 oz/ton

Composite B

•Drill grade of 0.297 oz/ton (cut to 1 oz/t as per resource estimate)

•Drill grade un-cut 0.397 oz/ton

•Calculated metallurgical head grade 0.454 oz/ton

Findings (Quoted from Report*)

Using Direct Cyanide (Free Milling Method)

“Both composites were determined to be free milling and best suited for a straight

cyanidation process…expected to yield recoveries in the order of 95%.”

Using Refractory Recovery Method (Roasting) – The process used at Giant Mine

“Very low recoveries of about 44-62% were obtained…an alternative method of

processing would be necessary.”

*Source: F.A. Perrino, Summary Report of Exploration Activities, Yellowknife

Belt, Including Northbelt Yellowknife Mines Ltd., 1985 too 1988, September

1988

BARNEY SHEAR TARGET

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• Delineated over strike length of 4.5 km

(historic)

• Drill tested to over 600m strike length

(historic)

• Followed on surface over an additional

700m north of drilling

• Surface Mapping in June 2013

Indicates Barney Shear Zone Consists

of Multiple Mineralized Shears over

+200m across strike width

Prospective New Exploration Target

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Milner Lake/ Barney Shear Area

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NB95-16 Assay Results

From (m) To (m)

Interval

(m) Au (g/t) Ag (g/t)

Total Zone* 334.06 362.38 28.32 2.94 13.11

including 337.00 357.86 20.86 3.79 17.13

including 337.00 348.00 11.00 6.11 28.23

including 337.00 341.00 4.00 12.59 64.63

Barney Shear Zone

*Mineralized Zone is missing 0.94m of “display core” taken in

1995 of selected parts of highest grade sections – therefore true

grade of zone is likely understated

HOMER LAKE BASE METAL

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Key points of target

•Newly Discovered Large Untested

EM Anomaly

•Coincident Magnetic Anomaly

•High Grade Surface Showings

•High Grade Historical Drill Holes

Proximal to EM Anomaly

•High Precious Metal Values –

>200 g/t Silver, Multi-gram Gold

Homer Lake Base Metal

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• Data Compilation and 3D Modeling continues

• Community Liaison, Permitting ongoing – over 50 meetings with

Government, First Nations and other Stakeholders – Strong Support

for Project

• Airborne Magnetic/EM/Radiometric Survey Interpretation

Continues

• Fall Field Work – Completed September 2013 – Awaiting Assays

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

Available

• Initial Drilling – Winter 2013/14 on Top Priority Targets

Moving Forward

Summary

• Strong & Experienced Management Team

• Tight share structure with low fixed burn rate

• Highly prospective property on trend with two world

class (5 Moz +) historic gold deposits

• numerous high-grade showings and drill intercepts

• Readily accessible, close to

infrastructure within a mining city

• Extensive exploration work completed

• Drilling planned for winter 2013/14

• Ongoing news flow with minimal

expenditures

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1 (604) 689-1749 (Vancouver)

1 (613) 843-8109 (Ottawa)

E-Mail: [email protected]

www.terraxminerals.com

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TerraX Corporate Presentation Oct 2013