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NORTHBELT PROPERTYPROPERTY

and Walsh Lake, Goodwin Claims

Leveraging Historic Exploration in Prolific

and AccessibleYellowknife Gold Belt

January 2014

Forward Looking Information

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, geologicalg p p p y q , g, p g , g ginterpretations 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 of, p ,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 mineralproperties adjacent to or near the Company’s properties and in which the Company has no right orp p j p y p p p y ginterest. 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 approvedp ppby 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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Company OverviewDec 31, 2013

Issued Shares: 39 9 mlnIssued Shares: 39.9 mln

Options: Total : 4.0 mln

500,000 @ 650,000 @ 

$0.10 (Apr. 30, 2014)$0.10 (Aug.  2, 2014)

2,050,000 @360,000 @ 100,000 @295,000 @ 

$0.17 (Jun. 28, 2018)$0.28 (Aug. 29, 2018)$0.61 (Sept 30, 2016)$0.45 (Dec 23, 2016)

Warrants: Total: 7.7 mln

1,855,000 @3,502,243 @ 

62,500 @1 188 180 @

$0.10 (Jan. 21,2015)$0.30 (May.  8, 2016)$0.30 (May. 30,2016)$0 50 (Dec 20 2015)1,188,180 @

105,556 @$0.50 (Dec 20, 2015)$0.50 (Dec 27, 2015)

Fully Diluted Shares: 50.6 mln

Basic Market Cap ($0 50/share) ~ $20 mlnBasic Market Cap ($0.50/share)  $20 mln

Held by Management:  14.5%

Held by Virginia Mines Inc: 10.4%

Working Capital $1.6 million TXR TSX‐V

$0.045 Dec 31, 2012 – $0.50 Jan 14, 2013

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g p TXR TSX‐V       TX0 Frankfurt

Accomplished ManagementJoseph 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 depositauthored 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)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 UraniumVP Exploration for Monster Copper from 2002 to takeover by Mega Uranium

NORTHBELT PROPERTY

Acquired Northbelt Property Feb 2013

• Property on north boundary of Yellowknife, a City Founded on Gold Mining

• 100% Owned Mine Leases –H ldi C t $17 000/Holding Cost $17,000/year 

• No work commitments City of Yellowknife• Virginia Mines holds option to 

purchase a 2% NSR for $2 million.

Yellowknife

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Infrastructure ‐ Ideally Situated

NORTHBELTPROPERTY

City of YellowknifeYellowknife

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TerraX TerraX Properties Properties

NORTHBELTPROPERTY

Overlaid on Overlaid on Prospective Prospective

G lG l

WALSH LAKEPROPERTY

GeologyGeology

Property Acquisitions 2013p y q•Northbelt – February 2013•Goodwin – June 2013•Walt Humphries Property

GOODWIN CLAIMS

p p y(Walsh Lake) – October 2013•Additional Staking Winter 2013/14

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Regional Geology

Alternate Stratigraphic ColumnAlternate Stratigraphic Column

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Regional Geology: Comparison to Timmins

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Property Geology

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Northbelt Property – The Right Geology

• Northern Extension of the Geology Containing the Con (5.5M oz) and Giant (7 8M ) Mi @ 11 / A(7.8M oz) Mines @ 11 g/t Au

• Area: 36.5 Sq km 

• 13 km Strike Length on Main Yellowknife Gold Break

CRESTAURUM

• Historical reports show at least 463 holes drilled on Northbelt property

bl l d h

C-ZONE

• Innumerable Au Targets Including historic Crestaurum Deposit 

LYNXGBK

SUPERCREST11

Excellent and Accessible Infrastructure

BLUEFISH HYDRO DAMOpened July 30th, 2013Current Capacity 7.5Mw ‐ Expandable

Bluefish Hydro Dam

POWER LINE

CRESTAURUM

Accessible with Infrastructure• Year Round Road Access from City 

of Yellowknife

GIANT MINE

of Yellowknife • 8 km from Yellowknife Airport• 2 km from new Blue Fish Hydro‐

Electric Dam

CRESTAURUM ROAD

Airport

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Electric Dam

Previous Work

•Previous Work included >450 drill holes

•TerraX has recovered more or less complete core from ~105less complete core from 105 holes and mineralized intersections from an additional 74 holes

Numerous Prospective Targets and ShowingsSelected 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 Targetsp p p y p g• 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)g g p ( , , )

•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 holesLocated 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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meetings and permitting

Northbelt Core Relocation

Core from approximately 180 drill holesCore from approximately 180 drill holes previously stored at the Giant Mine site was moved to TerraX’s core facility

Core Facility

Finding Old Drilling Collars250 d ill+250 drill 

hole collars found, 155  

surveyed this Junethis June

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Airborne Survey July 2013

MAGNETICSPOTASSIC

RADIOMETRICSEM

Low level Helicopter Borne System520 li KM

Homer Lake VMS Target

• 520 line KM• East‐West lines 100m spacing• Two North‐South tie lines 3km 

spacingp g• Completed for 1/3 cost of other 

Northern Surveys because of proximity to Yellowknife Airport

Low level Helicopter Borne System100‐200’ high (30‐60 m)

Crestaurum

BarneyBarney

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Prospecting June‐September 2013

Completed +700 Sample Program Assays up to 145 g/t Au in grab

samplesample Chips up to 24.26 g/t Au over 4.0mWalsh Lake 7.29 g/t Au over 6.0m

f / /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 grab sample from Homer Lake

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grab sample from Homer Lake

2013 Prospecting Results

Significant FindingsP i fi d d• Prospecting confirmed and refined the location of historical structures

• Extensive Strike Extent of Mineralized Structures

• Both Northbelt and Walsh Lake Properties have outcropping high grade structureshigh grade structures

• Homer Lake base metal play has multiple mineralized structures having extensive strike lengths

• Large areas of both properties yet to be explored (2014 program)

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CRESTAURUM DEPOSIT

CIRCA1948

Today

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Crestaurum Deposit – Re‐sampled Core Results Assay Intervals from Crestaurum DepositAssay Intervals from Crestaurum Deposit

North ShootDrill Hole FROM (m) TO (m) Width (m) Au g/t

DDH85-118 91.13 98.00 6.87 13.07DDH85-121 98.00 100.00 2.00 5.92DDH85 121 98.00 100.00 2.00 5.92DDH85-134 99.00 102.00 3.00 13.45DDH85-157 146.00 148.00 2.00 67.69DDH85-166 126.00 132.00 6.00 11.96DDH85-167 96.00 101.00 5.00 5.47DDH85 175 143 00 145 00 2 00 10 46DDH85-175 143.00 145.00 2.00 10.46

North-Ext ShootDrill Hole FROM (m) TO (m) Width (m) Au g/t

DDH85-150 53.00 48.00 5.00 62.90DDH85-151 86.00 88.00 2.00 6.55

Central ShootDrill Hole FROM (m) TO (m) Width (m) Au g/t

DDH85-177 57.00 59.00 2.00 10.0485 5 00 59 00 00 0 0DDH85-181 67.00 70.00 3.00 12.79DDH85-187 81.00 86.00 5.00 20.66

South ShootDrill Hole FROM (m) TO (m) Width (m) Au g/t

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Drill Hole FROM (m) TO (m) Width (m) Au g/tDDH85-173 54.00 59.00 5.00 12.43DDH85-174 61.00 66.00 5.00 8.03

Crestaurum Zone ‐ Vein 1    187 DDHSection 2

South Ore Shoot

Central Ore Shoot

North Ore Shoot

North Ext Ore Shoot

Section 2Section 1

BLOCK MODEL GRADES

North Ext Ore ShootDDH85-150

North Ore Shoot

North Ext Ore Shoot85 50

DDH85-118

100m 200m 400m0m

• 123 Crestaurum drill collars located and surveyed to cm accuracy – June‐July 2013 85-187

0m 100m 200m 400mPLAN MAP

Central Ore Shoot

• Core from 74 Crestaurum drill holes found, re‐logged, re‐sampled

Pl d ill 1500 i 2014

South Ore Shoot

0m 100m 200m 400m

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• Plan to drill 1500m in 2014 85-174

Crestaurum Deposit – South ShootTrench Chip Sample – June 2013Trench Chip Sample – June 2013

4.00m @ 24.26 g/t

CRESTAURUM TRENCH

CRESTAURUM TRENCHSAMPLING

SAMPLING

DDH85-174 – September 20135.00m @ 12.43 g/t

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Crestaurum Deposit – North Extension Shoot

DDH85-150 – September 20135.00m @ 62.90 g/t

DDH85-151 – September 20133.00m @ 4.59 g/t

DDH85-148 – September 20135.00m @ 4.43 g/t

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Crestaurum Historical Metallurgy1985 P 44 l f d ill j t f 7 d ill h l h1985 Program: 44 samples of drill core rejects  from 7 drill holes – we have re‐sampled all 7 holes and verified the grades

Composite A p• 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 

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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

Prospective New Exploration Target• Delineated over strike length of 4.5 km

(historic)

p g

• Drill tested to over 600m strike length (historic)

• Followed on surface over an additional 700m north of drilling

• Surface Mapping in June 2013Surface Mapping in June 2013 Indicates Barney Shear Zone Consists of Multiple Mineralized Shears over +200m across strike width

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Barney Shear Corridor

Land hole collars surveyed, cased cappedcased, capped

Core retrieved from all holes

Plan to go down previous holes and wedge offwedge off

3D modelling proceeding Volcanic Zone

3500m Drilling Planned in 2014

Porphyry Zone

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Barney Shear Zone

NB95‐16 Assay Resultsy

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 28.23g

including 337.00 341.00 4.00 12.59 64.63

*Mineralized Zone is missing 0.94m of “display core” taken in1995 of selected parts of highest grade sections – therefore true grade of zone is likely understated

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HOMER LAKE BASE METAL

Key points of targety p g• 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

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Homer Lake Base Metal

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Homer Lake Target – 2014 Drilling (1000m)

O t f R h i h i fOne or two maps from Roman showing geophysics of targetting.

One map from me showing proposed holes

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Other Targets

• 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• 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• 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

S Ott Z 15 85 @ 2 9 /t A i DDH W89 1o Sam Otto Zone ‐ 15.85m @ 2.9 g/t Au in DDH W89‐1o Mispickel Zone – 6.0m @ 7.29 g/t Au  ‐ TerraX 2013 chip sampling

• Southern Northbelt – Extension of Lynx, GBK, C‐Zone minesA l d b T X i l di k i li d• Areas not yet explored by TerraX, including known mineralized structures

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Pinto Target

No previous drilling has occurred along this veinalong this vein

35

AES Target

36

Shear 20 Target

Future drilling should be focused on the NB94‐1A intersection37

Crestaurum SW Target

NW trending structures and Island Lake Shear are virtually untested by drilling. Part of

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NW trending structures and Island Lake Shear are virtually untested by drilling.  Part of Island Lake Shear could be extension of Crestaurum Shear.  More prospecting needed.

JED

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Ryan Lake: Porphyry Style?

0.85% Mo

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Walsh Lake Property

Showing Drill Hole Length (m)

Au (g/t)

Historical Drill Results

Burnt Island ? 1.83 6.03

Mos MosA 0.76 9.6

Sam Otto W89-1 15.85 2.59

Sam Otto W89-2 29.96 1.11

Sam Otto W93-1 10.08 3.09

Sam Otto W95-2 4.16 5.17

Sam Otto WLP-00-02 11.5 2.47

Sam Otto North W95-31 2.40 7.00

Sam Otto North W97 6 1 84 8 31Sam Otto North W97-6 1.84 8.31

Sam North W95-12 3.35 6.11

Dave's Pond W95-24 1.00 8.14

Dave's Pond W95-29 4.75 5.61

Dave's Pond W95-33 1 60 11 81Dave s Pond W95 33 1.60 11.81

Dave's Pond W95-35 0.25 24.46

Dave's Pond W97-2 11.31 0.68

Mispickel Island W95-20 0.75 4.10

Mispickel NW W97-4 2.50 3.50

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p

Walsh Lake Property

Wide zones of sheared, gossanous material with interbedded pyrite layers

42

Moving Forward• Data Compilation and 3D Modeling continues

• Community Liaison, Permitting ongoing –– Strong Support for Project

• Airborne Magnetic/EM/Radiometric Survey Interpretation Continues

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

• Initial Drilling – Winter 2013/14 on Top Priority Targets – 6000m

• Field Work of mapping, prospecting and environmental baselineField Work of mapping, prospecting and environmental baseline studies to commence in spring 2014

• Airborne Survey planned for Walsh Lake and additional staked

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Airborne Survey planned for Walsh Lake and additional staked ground

Summary

d• Strong & Experienced Management Team

• Tight share structure with low fixed burn rate

• Highly prospective property on trend with two world class (5moz+) historic gold deposits

• Numerous high‐grade showings and drill intercepts

• Readily accessible property, close to i f t t ithi i i itinfrastructure within a mining city

• Extensive exploration work completed

/• Drilling planned for winter 2013/14

• Ongoing news flow with minimal ditexpenditures

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

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

www terraxminerals comwww.terraxminerals.com

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