TerraX drills 1.39 m @ 40.52 g/t Au on new vein horizon at Crestaurum Shear, Yellowknife City Gold Project

4 December 2015

Yellowknife, Northwest Territories – TerraX Minerals Inc. (TSX-V: TXR; Frankfurt: TX0; OTC Pink: TRXXF) has received assay results from the first 19 holes (3,011 metres) of a 41 hole drill program completed at the Crestaurum Shear on its Yellowknife City Gold Project (“YCG"), immediately north of Yellowknife in the Northwest Territories.  Drilling was designed to prepare the Crestaurum Zone for future resource estimation, and consisted of definition and extension drilling on mineralized shoots.  The 19 holes reported today are from the Central and North shoots.  Highlights of this drilling include: