21 December 2016
Vancouver, December 21, 2016 -- TerraX Minerals Inc. (TSX.V: TXR; Frankfurt: TX0; OTC: TRXXF) is pleased to announce results from surface mapping and prospecting on the Southbelt Property of the Yellowknife City Gold Project. The Southbelt property immediately adjoins the mine leases for the past producing Con Mine, where over 6.0M oz of gold were mined at an average grade of 16.1 g/t Au over a 60 year mine life, and covers the extensions of several mineralized trends previously mined at the Con, including the namesake "Con Shear", which appears to continue on to our property for up to 5 km. Other structures have been identified on surface that strike south from the Con property for distances of greater than 1 km onto our claims and contain values up to 94.9 g/t Au (news release September 23, 2015), with values in the 2016 exploration work up to 33.6 g/t Au and 16.4 g/t Au in grab samples. A map of the sampling at Southbelt is available on our web site under "2016 Field Exploration" under the "Southbelt" project section.