TerraX completes winter drilling at Yellowknife City Gold Project; assay results pending

25 April 2014

Yellowknife, April 25, 2014 - TerraX Minerals Inc. (TSX-V: TXR; Frankfurt: TXO; OTC Pink: TRXXF) has completed the winter portion of its Phase 1 drill program at the Yellowknife City Gold project, Northwest Territories. During this program, TerraX drilled 14 holes totaling 2,305 m, including 4 holes on Homer (1,001 m), 4 holes on Crestaurum (533 m), and 5 holes on the northern extension of the Barney Shear (751 m). TerraX is awaiting assay results and will report these in due course as they become available. 

The summer drill program is scheduled to begin in mid-June once water levels recede and ground conditions improve. A further 3,500 m of drilling is planned during the summer program, made up of approximately 1,000 m at Crestaurum and 2,500 m at the Barney Shear Zone. For more information on the Yellowknife City Gold Project, please visit our web site at www.terraxminerals.com.