Yellowknife City Gold Project

1. TXR TSX‐V TX0 Frankfurt TRXXF OTC
YELLOWKNIFE
CITY GOLD
PROJECT
The
Last Undeveloped
High-Grade Gold Camp
in Canada
May 2015

2. 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

3. 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

4. Company Overview
Issued Shares: 54.1 mln
Options: Total : 5.1 mln
2,050,000 @
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 mln
3,143,543 @
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 mln
Held by Management: 18.4%
Held by Osisko Gold Royalties: 9.2%
Working Capital $1.0 Million
TXR TSX‐V
TRXXF OTC Pink
TX0 Frankfurt
April 30 2015
4

5. 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
5
May 2015 ‐ Osisko Investment Agreement

6. 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
6

7. 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
7

8. Regional Geology: Comparison to Timmins
8

9. 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 2003
6.1 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
9

10. • 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:
10
TerraX Core Facility

11. 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

12. YCGP TARGET RICH
12
12
DDH 3.41m @ 3.42 g/t Au,
69.3 g/t Ag, 3.67% Pb, 3.17% Zn
Mispickel Channels
6.0m @ 7.29 g/t Au
Samex Channels
4.0m @ 6.20 g/t Au
DDH 22.42m @ 6.35 g/t Au
DDH 5.00m @ 69.20 g/t Au
Pinto Sample
49.3 g/t Au
Crestaurum
Barney
Homer Lake VMS
Milner SW
712, 326, 103 g/t Au
Ryan Lake
141 g/t Au
445 g/t Ag
3.01% Cu
Ryan Lake
6.32% Mo
VSB Vein
547, 346, 78 g/t Au
AES Sample
12.85 g/t Au
AES Sample
21.7 g/t Au
Crestaurum SW
40.2 g/t Au
Barney South
44.3 g/t Au
Crestaurum NE
878, 157.5, 25.7 g/t Au
Sam Otto Sample
72.6 g/t Au
DDH 21.12m
@ 2.97 g/t Au
TerraX Assay Results 2013 to 2014
Barney South
7.48 g/t Au
Shear 20
BarneyShear
2014 Drill Areas
2013/2014 Sampling

13. FOCUS ON THE
‘CORE GOLD AREA’
• Approximately 1800 surface samples have
been taken by TerraX in 2013 & 2014
o Close to 20% >1g/t Au, up to 1205g/t Au
• Other metals in various locations
o 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 Deposit
o 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
13
Shear 20
21.0m @ 2.97 g/t

14. 14
2015
2015 Drill
Results

15. 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 2014
Drill Holes
Areas of 2015
Drill Holes

16. 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
16
2.80m @ 3.34 g/t Au
5.00m @ 5.29 g/t Au
3.17m @ 2.15 g/t Au

17. Barney Shear – 2014 Results – Prior to 2015 Drilling
17

18. 18
Designed to Follow-up on
2014 Results
Winter 2015 Drilling
Up Dip of Main Zone
Barney Shear
Winter 2015 Drill Results

19. 19
Barney Shear – 2015 Results Designed to Follow-up on 2014 Results

20. 20
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

21. 21
• 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 Corridor
o 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

22. 1 (604) 689‐1749 (Vancouver)
1 (613) 843‐8109 (Ottawa)
E‐Mail: info@terraxminerals.com
www.terraxminerals.com
TXR TSX‐V TRXXFOTC
WINTER ROAD TO
CRESTAURUM
WINTER DRILL SITE
JAN 2015
CRESTAURUM
22
REPAIRS ON CRESTAURUM
ROAD – DEC 2014