Terrax Assays 141 g/T Au, 445 g/T Ag, 3.01% Cu and 6.32% Mo in Grab Samples from the Ryan Lake Pluton Area, Yellowknife City Gold Project; Drill Results Pending

19 August 2014

Terrax Minerals Inc. has received results from a further 84 samples (60 grabs and 24 chip) from the recently completed prospecting and mapping program on its Yellowknife City gold project (YCGP), immediately north of Yellowknife in the Northwest Territories, in which approximately 960 samples were collected and assayed for a range of elements. The results reported today are from the Ryan Lake pluton area; highlights include values of 141 grams per tonne gold, 445 g/t silver, 3.01 per cent copper and 6.32 per cent molybdenum in grab samples. Assay results are pending from drilling recently completed at the Crestaurum and Barney mesothermal gold targets on the YCGP and will be announced when available.