20 January 2016
Yellowknife, Northwest Territories – TerraX Minerals Inc. (TSX-V: TXR; Frankfurt: TX0; OTC Pink: TRXXF) announces that it has entered into a purchase agreement with two arm's length parties for the purchase of two mining claims totaling 235 hectares (2.35 sq km) that will be incorporated into TerraX's Yellowknife City Gold Project. The claims adjoin TerraX's Southbelt claim block and cover the mafic volcanic-granite contact immediately west and south of the Con Mine leases. The claims have potential strike extensions of gold bearing structures sampled by TerraX on its Southbelt property in the summer of 2015, where six of these structures returned gold values of greater than 0.5 g/t, with a high value of 94.9 g/t Au (see our news release of September 23, 2015).