1. TXR TSX‐V TX0 Frankfurt
NORTHBELT
PROPERTY
and
Walsh Lake, Goodwin Claims
Leveraging Historic
Exploration in Prolific
and Accessible
Yellowknife Gold Belt
January 2014

2. Forward Looking Information
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
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,
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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
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,
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
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properties adjacent to or near the Company’s properties and in which the Company has no right or
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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
p
pp
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

3. Company Overview
Dec 31, 2013
Issued Shares:
Issued Shares:
Options:
500,000 @
650,000 @
2,050,000 @
360,000 @
100,000 @
295,000 @
39.9 mln
39 9 mln
Total :
$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)
$0.45 (Dec 23, 2016)
4.0 mln
Total:
7.7 mln
Warrants:
1,855,000 @
3,502,243 @
62,500 @
1,188,180 @
1 188 180 @
105,556 @
$0.10 (Jan. 21,2015)
$0.30 (May. 8, 2016)
$0.30 (May. 30,2016)
$0.50 (Dec 20, 2015)
$0 50 (Dec 20 2015)
$0.50 (Dec 27, 2015)
Fully Diluted Shares:
50.6 mln
Basic Market Cap ($0.50/share)
Basic Market Cap ($0 50/share)
~ $20 mln
$20 mln
Held by Management:
14.5%
Held by Virginia Mines Inc:
10.4%
Working Capital
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$1.6 million
$0.045 Dec 31, 2012 – $0.50 Jan 14, 2013
TXR TSX‐V
TXR TSX‐V
TX0 Frankfurt
3

4. Accomplished Management
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
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)
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
VP Exploration for Monster Copper from 2002 to takeover by Mega Uranium

5. NORTHBELT PROPERTY
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
H ldi C t $17 000/
• No work commitments
• Virginia Mines holds option to
purchase a 2% NSR for $2 million.
City of
Yellowknife
5

6. Infrastructure ‐ Ideally Situated
NORTHBELT
PROPERTY
City of
Yellowknife
6

7. TerraX
Properties
Overlaid on
Prospective
Geology
G l
NORTHBELT
PROPERTY
WALSH LAKE
PROPERTY
Property Acquisitions 2013
p y q
•Northbelt – February 2013
•Goodwin – June 2013
•Walt Humphries Property
p
p y
(Walsh Lake) – October 2013
•Additional Staking Winter
2013/14
GOODWIN
CLAIMS
7
7

8. Regional Geology
Alternate Stratigraphic Column
8

9. Regional Geology: Comparison to Timmins
9

10. Property Geology
10

11. 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
(7 8M ) Mi
@ 11 / A
• 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
CRESTAURUM
• Innumerable Au Targets Including historic
bl
l d h
Crestaurum Deposit
C-ZONE
LYNX
GBK
SUPERCREST
11

12. Excellent and Accessible Infrastructure
Bluefish
Hydro Dam
BLUEFISH HYDRO DAM
Opened July 30th, 2013
Current Capacity 7.5Mw ‐ Expandable
POWER
LINE
CRESTAURUM
Accessible with Infrastructure
• Year Round Road Access from City
of Yellowknife
of Yellowknife
• 8 km from Yellowknife Airport
• 2 km from new Blue Fish Hydro‐
Electric Dam
Electric Dam
CRESTAURUM
ROAD
Airport
GIANT MINE
12

13. Previous Work
•Previous Work included >450 drill
holes
•TerraX has recovered more or
less complete core from ~105
105
holes and mineralized
intersections from an additional
74 holes

14. Numerous Prospective Targets and Showings
Selected Historical Drill Hole Intersections
14

15. 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
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•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)
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( , , )
•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
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
meetings and permitting
15

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

17. Core Facility

18. Finding Old Drilling Collars
+250 drill
250 d ill
hole collars
found,
155
surveyed
this June
this June
18

19. Airborne Survey July 2013
MAGNETICS
POTASSIC
RADIOMETRICS
Homer Lake
VMS Target
Low level Helicopter Borne System
• 520 li KM
520 line KM
• East‐West lines 100m spacing
• Two North‐South tie lines 3km
spacing
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• 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)
EM
Crestaurum
Barney
19

20. Prospecting June‐September 2013
Completed +700 Sample Program
Assays up to 145 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/t
f
/
/
Ag in one grab sample at Pinto
529 g/t Ag, >20% Pb and 9.44% Zn in
grab sample from Homer Lake
20

21. 2013 Prospecting Results
Significant Findings
• P
Prospecting confirmed and
i
fi
d d
refined the location of historical
structures
• Extensive Strike Extent of
Mineralized Structures
• Both Northbelt and Walsh Lake
Properties have outcropping
high grade structures
high 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)
21

22. CRESTAURUM DEPOSIT
CIRCA
1948
Today
22

23. Crestaurum Deposit – Re‐sampled Core Results
Assay Intervals from Crestaurum Deposit
Drill Hole
DDH85-118
DDH85 121
DDH85-121
DDH85-134
DDH85-157
DDH85-166
DDH85-167
DDH85-175
DDH85 175
North Shoot
FROM (m)
TO (m)
Width (m)
91.13
98.00
6.87
98.00
100.00
2.00
99.00
102.00
3.00
146.00
148.00
2.00
126.00
132.00
6.00
96.00
101.00
5.00
143.00
143 00
145.00
145 00
2.00
2 00
Au g/t
13.07
5.92
13.45
67.69
11.96
5.47
10.46
10 46
Drill Hole
DDH85-150
DDH85-151
North-Ext Shoot
FROM (m)
TO (m)
Width (m)
53.00
48.00
5.00
86.00
88.00
2.00
Au g/t
62.90
6.55
Drill Hole
DDH85-177
85
DDH85-181
DDH85-187
Central Shoot
FROM (m)
TO (m)
Width (m)
57.00
5 00
59 00
59.00
2.00
00
67.00
70.00
3.00
81.00
86.00
5.00
Au g/t
10.04
00
12.79
20.66
Drill Hole
DDH85-173
DDH85-174
South Shoot
FROM (m)
TO (m)
Width (m)
54.00
59.00
5.00
61.00
66.00
5.00
Au g/t
12.43
8.03
23

24. Crestaurum Zone ‐ Vein 1 187 DDH
Section 2
Section 1
Central
Ore Shoot
South Ore
Shoot
0m
100m
200m
400m
North Ore
Shoot
North Ext
Ore Shoot
BLOCK MODEL
GRADES
DDH85-150
85 50
North Ext Ore Shoot
DDH85-118
North Ore Shoot
• 123 Crestaurum drill collars
located and surveyed to cm
accuracy – June‐July 2013
• Core from 74 Crestaurum
drill holes found, re‐logged,
re‐sampled
• Pl
Plan to drill 1500m in 2014
d ill 1500 i 2014
Central Ore Shoot
85-187
PLAN MAP
0m
100m
200m
400m
South Ore Shoot
85-174
24

25. Crestaurum Deposit – South Shoot
Trench Chip Sample – June 2013
4.00m @ 24.26 g/t
CRESTAURUM TRENCH
SAMPLING
CRESTAURUM
TRENCH
SAMPLING
DDH85-174 – September 2013
5.00m @ 12.43 g/t
25

26. Crestaurum Deposit – North Extension Shoot
DDH85-150 – September 2013
5.00m @ 62.90 g/t
DDH85-148 – September 2013
5.00m @ 4.43 g/t
DDH85-151 – September 2013
3.00m @ 4.59 g/t
26

27. Crestaurum Historical Metallurgy
1985 Program: 44 samples of drill core rejects from 7 drill holes – we have
1985 P
44
l
f d ill
j t f
7 d ill h l
h
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
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
27

28. BARNEY SHEAR TARGET
Prospective New
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Exploration Target
• 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
28

29. Barney Shear Corridor
Land hole
collars
surveyed,
cased,
cased capped
Core retrieved
from all holes
Plan to go
down previous
holes and
wedge off
3D modelling
proceeding
3500m Drilling
Planned in
2014
Volcanic Zone
Porphyry Zone
29

30. Barney Shear Zone
NB95‐16 Assay Results
y
From (m)
To (m)
Interval
(m)
334.06
362.38
28.32
2.94
13.11
including 337.00
357.86
20.86
3.79
17.13
including 337.00
g
348.00
11.00
6.11
28.23
including 337.00
341.00
4.00
12.59
64.63
Total
Zone*
Au (g/t)
Ag (g/t)
*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
30

31. HOMER LAKE BASE METAL
Key p
y points of target
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
31

32. Homer Lake Base Metal
32

33. Homer Lake Target – 2014 Drilling (1000m)
One t
O or two maps from Roman showing geophysics of
f
R
h i
h i
f
targetting.
One map from me showing proposed holes
33

34. 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
o S
Sam Otto Zone ‐ 15 85 @ 2 9 /t A i DDH W89 1
Ott Z
15.85m @ 2.9 g/t Au in DDH W89‐1
o Mispickel Zone – 6.0m @ 7.29 g/t Au ‐ TerraX 2013 chip sampling
• Southern Northbelt – Extension of Lynx, GBK, C‐Zone mines
• A
Areas not yet explored by TerraX, including known mineralized
l db T
X i l di k
i
li d
structures
•
•
•
•
•
•
34

35. Pinto Target
No previous drilling has occurred
along this vein
along this vein
35

36. AES Target
36

37. Shear 20 Target
Future drilling should be focused on the NB94‐1A intersection
37

38. Crestaurum SW Target
NW trending structures and Island Lake Shear are virtually untested by drilling. Part of
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.
38

39. JED
39

40. Ryan Lake: Porphyry Style?
0.85% Mo
40

41. Walsh Lake Property
Historical Drill Results
Showing
Drill Hole
Length
(m)
Au (g/t)
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
W97 6
1.84
1 84
8.31
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
Dave's Pond
W95 33
W95-33
1.60
1 60
11.81
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
p
Mispickel NW
W97-4
2.50
3.50
41

42. Walsh Lake Property
Wide zones of sheared, gossanous material with interbedded pyrite layers
42

43. 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 baseline
Field Work of mapping, prospecting and environmental baseline
studies to commence in spring 2014
• Airborne Survey planned for Walsh Lake and additional staked
Airborne Survey planned for Walsh Lake and additional staked
ground
43

44. Summary
• Strong & Experienced Management Team
d
• 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
infrastructure within a mining city
i f t t
ithi
i i
it
• Extensive exploration work completed
• Drilling planned for winter 2013/14
/
• Ongoing news flow with minimal
expenditures
dit
44

45. 1 (604) 689‐1749 (Vancouver)
1 (613) 843 8109 (Ottawa)
1 (613) 843‐8109 (Ottawa)
E‐Mail: info@terraxminerals.com
E Mail: info@terraxminerals com
www.terraxminerals.com
www terraxminerals com
TXR :TSX‐V TX0 :Frankfurt
45