TerraX drills 7.30 m @ 23.60 g/t Au and 8.60 m @ 12.87 g/t Au in discovery holes at Mispickel Target, Yellowknife City Gold Project

23 February 2016

Vancouver, B.C. – TerraX Minerals Inc. (TSX-V: TXR; Frankfurt: TX0; OTC Pink: TRXXF) has received assay results from the initial two holes of a four hole drill program testing quartz vein and replacement style mineralization at the Mispickel target on its Walsh Lake property of the Yellowknife City Gold Project (“YCG"), immediately north of Yellowknife in the Northwest Territories.

The two holes reported today were both drilled on the same section and intersected:

• 7.30 m @ 23.60 g/t Au, including 4.55 m @ 37. 29 g/t Au in the main zone of hole TWL16-002
• 8.60 m @ 12.87 g/t Au, including 5.45 m @ 18.24 g/t Au in the main zone of hole TWL16-001, and
• 11.32 m @ 2.14 g/t Au, including 2.10 m @ 5.92 g/t Au in a footwall zone of hole TWL16-001.

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