TerraX announces Private Placement of $2.5 Million and sale of option on 1.0% NSR for $1 Million to Osisko; drills 14.09 m @ 2.96 g/t Au at Northbelt

13 May 2015

Yellowknife, Northwest Territories - TerraX Minerals Inc. has agreed to grant an option to Osisko Exploration James Bay Inc., a wholly-owned subsidiary of Osisko Gold Royalties Ltd. to purchase an additional 1.0% net smelter return royalty on its wholly-owned Yellowknife City Gold Project in the Northwest Territories.