Txr northbelt-2014

TXR TSX-V TX0 Frankfurt

YELLOWKNIFE CITY GOLD PROJECT

NORTHBELT PROPERTYand

Walsh Lake, Goodwin Claims

Leveraging Historic Exploration in Prolific

and AccessibleYellowknife Gold Belt

April 2014

This presentation may contain “forward-looking statements” which reflect the Company’s current

expectations regarding the future results of operations, performance and achievements of the

Company, including potential property acquisitions, the timing, content and results of work programs,

geological interpretations and potential mineral discoveries, and negotiation and closing of future

financings. The statements reflect the current beliefs of the management of the Company and are

based on currently available information. Accordingly, these statements are subject to known and

unknown risks, uncertainties and other factors which could cause the actual results, performance, or

achievements of the Company to differ materially from those expressed in, or implied by, these

statements.

In addition, investors are cautioned that this presentation may contain information about mineral

properties adjacent to or near the Company’s properties and in which the Company has no right or

interest. Mineral deposits on such adjacent or near properties are not indicative of the mineral

deposits, if any, which may be found on the Company’s properties.

All scientific or technical information contained on this presentation has been reviewed and approved

by Dr. Tom Setterfield, P.Geo., the VP Exploration of TerraX Minerals Inc., who is a "qualified person" as

defined in National Instrument 43-101 of the Canadian Securities Administrators.

2

Forward Looking Information

Company OverviewMay 02, 2014

Issued Shares: 43.7 mln

Options: Total : 4.5 mln

650,000 @

2,050,000 @

360,000 @

100,000 @

295,000 @

1,050,000@

$0.10 (Aug. 2, 2014)

$0.17 (Jun. 28, 2018)

$0.28 (Aug. 29, 2018)

$0.61 (Sept 30, 2016)

$0.45 (Dec 23, 2016)

$0.75 (Mar 14, 2019)

Warrants: Total: 7.8 mln

1,755,000 @

3,221,243 @

62,500 @

1,188,180 @

105,556 @

820,000@

650,000@

$0.10 (Jan. 21,2015)

$0.30 (May. 8, 2016)

$0.30 (May. 30,2016)

$0.50 (Dec 20, 2015)

$0.50 (Dec 27, 2015)

$0.51 (Feb 12, 2016)

$0.57 (Feb 28, 2016)

Fully Diluted Shares: 56.0 mln

Basic Market Cap (CDN$0.63/share) $27.5 mln

3

Held by Management: 17.1%

Held by Virginia Mines Inc: 9.8%

Working Capital $2.1 million

TXR TSX-V

TX0 Frankfurt

$0.045 December 31, 2012 – $0.63 May 02, 2014

Joseph Campbell, P. Geo – President and Director

• 34 years of experience: exploration and mining on a variety of deposit types

• Project Manager for 7 years on Meliadine (now Agnico Eagle) a 5 Moz gold resource in

Nunavut. Taken to pre-feasibility level incl: mineable reserve, production rates &

schedules, Cap Ex/Op Ex for process, mining and G&A.

• Evaluated Au potential along a known Au trend in Ontario. Managed subsequent drilling,

authored a NI 43-101 ore resource report on a growing 2,000,000 oz Au deposit

• Study Manager for a resource estimate on El Abra porphyry Cu deposit in Chile

• Chief Geologist for 250 Mt tonne Nickel laterite deposit in Cuba (Pinares)

Dr. Thomas Setterfield, P. Geo – VP Exploration and Director

• 34 years of international experience in exploration and mining including:

• Ph.D from Cambridge University – Cambridge, England (1991)

• Expert in IOCG, Epithermal Au and VMS deposit types

• Consultant to QGX Ltd. for Golden Hills VMS deposit in Mongolia

• VP Exploration for Monster Copper from 2002 to takeover by Mega Uranium

Accomplished Management

4

5

Acquired Northbelt Property

Feb 2013

• Property on north boundary of

Yellowknife, a City Founded on

Gold Mining

• 100% Owned Mine Leases –

Holding Cost $17,000/year

• No work commitments

• Virginia Mines holds option to

purchase a 2% NSR for $2 million.

City of

Yellowknife

City of

Yellowknife

NORTHBELT PROPERTY

6

NORTHBELT

PROPERTY

NORTHBELT

PROPERTY

City of

Yellowknife

City of

Yellowknife

Covering the Best Part of Yellowknife Au Belt

Regional Geology

Stratigraphic Column

7

5.5M oz Au5.5M oz Au

7.8M oz Au7.8M oz Au

8

TerraX TerraX

Properties Properties

Overlaid on Overlaid on

Prospective Prospective

GeologyGeology

NORTHBELT

PROPERTY

NORTHBELT

PROPERTY

GOODWIN

CLAIMS

GOODWIN

CLAIMS

WALSH LAKE

PROPERTY

WALSH LAKE

PROPERTY

Property Acquisitions:

•Northbelt – February 2013

•Goodwin – June 2013

•Walt Humphries Property (Walsh Lake) – October 2013

•Additional Staking Winter 2013/14

•Ubreccia Claims March 2014

8

UBRECCIA

CLAIMS

UBRECCIA

CLAIMS

RYAN LAKE

CLAIMS

RYAN LAKE

CLAIMS

CRESTAURUM

9

BLUEFISH HYDRO DAMOpened July 30th, 2013

Current Capacity 7.5Mw - Expandable

GIANT MINE

Accessible with Infrastructure

•Year Round Road Access from City

of Yellowknife

•8 km from Yellowknife Airport

•2 km from new Blue Fish Hydro-

Electric Dam

Excellent and Accessible Infrastructure

CRESTAURUM ROAD

POWER

LINE

Bluefish

Hydro Dam

Airport

10

Previous Work

•Previous Work included >450

drill holes

•TerraX has recovered more or

less complete core from ~105

holes and mineralized

intersections from an additional

74 holes

11

2013 Work Program

Exploration Campaign – Completed in 12 Weeks of Field Work

•Located High Grade Au on New and Historically Reported Zones

•Located High Grade Precious Metal Rich Massive Sulphides At Homer Lake VMS

•Completed Helicopter Borne Geophysics - Defined New Exploration Targets• Multi-kilometer magnetic signatures aligned with Au mineralization

• Multi-kilometer radiometric signatures aligned with Au mineralization

• A large untested EM anomaly proximal to historic surface trenches and drill hole

intersections of high grade precious metal rich base metals (Pb, Zn, Cu)

•Work on Historical Drilling• Discovered 200 drill hole cores stored at the Giant Mine Site

• Located drill collars for more than 250 historical drill holes – surveyed 155 holes

• Constructed new logging facility at Yellowknife Airport

• Began re-logging and re-sampling of historical drill core

• Preparation for winter drill program completed on schedule, including initial community

engagement meetings and acquiring Drill Permit

Northbelt Core Relocation

12

Core from approximately 180 drill holes

previously stored at the Giant Mine site

was moved to TerraX’s core facility

Core Facility

13

Finding Old Drilling Collars

14

+250 drill

hole collars

found,

155

surveyed

this June

15

Airborne Survey July 2013

MAGNETICSPOTASSIC

RADIOMETRICSEM

Low level Helicopter Borne System

•520 line KM

•East-West lines 100m spacing

•Two North-South tie lines 3km

spacing

•Completed for 1/3 cost of other

Northern Surveys because of

proximity to Yellowknife Airport

Low level Helicopter

Borne System

100-200’ high (30-60 m)

Homer Lake

VMS Target

Crestaurum

Barney

Prospecting June-September 2013

16

Completed +700 Sample Program

�Assays up to 145 g/t Au in grab

sample

�Chips up to 24.26 g/t Au over 4.0m

�Walsh Lake 7.29 g/t Au over 6.0m

� Assay values of 49.30 g/t Au and 55.2 g/tAg in one grab sample at Pinto

� 529 g/t Ag, >20% Pb and 9.44% Zn in

grab sample from Homer Lake

17

2014 DRILL TARGETS

2.93 2.93 g/tg/t Au over 28.32mAu over 28.32m

49.3 49.3 g/tg/t AuAu

0.85% Mo0.85% Mo

PorphyryPorphyry

12.85 12.85 g/tg/t AuAu

2.97 2.97 g/tg/t AuAu

over 21.12mover 21.12m

62.90 62.90 g/tg/t AuAu


24.26 24.26 g/tg/t AuAu


1.54 1.54 g/tg/t Au, 95.5 Au, 95.5 g/tg/t AgAg

3.13% 3.13% PbPb, 1.59% Zn, 1.59% Zn


16.85 16.85 g/tg/t AuAu


17

Drill Permits Awarded

Winter Road Access Completed

3 Initial Drill Targets for 2014• Homer Lake

Zn, Pb, Cu, Ag, Au

Large EM Anomaly

• Barney Shear

Extension of Giant/Con

Shear System

Wide Gold Intersections

from 1995/96 DDHs

• Crestaurum Deposit

200 Historical DDH

High Grade Gold

18

CRESTAURUM DEPOSIT DRILL TARGET

CIRCA

1948

Today

19

Crestaurum Deposit – Re-sampled Core Results Assay Intervals from Crestaurum Deposit

North Shoot

Drill Hole FROM (m) TO (m) Width (m) Au g/t

DDH85-118 91.13 98.00 6.87 13.07

DDH85-121 98.00 100.00 2.00 5.92

DDH85-134 99.00 102.00 3.00 13.45

DDH85-157 146.00 148.00 2.00 67.69

DDH85-166 126.00 132.00 6.00 11.96

DDH85-167 96.00 101.00 5.00 5.47

DDH85-175 143.00 145.00 2.00 10.46

North-Ext Shoot


DDH85-150 53.00 48.00 5.00 62.90

DDH85-151 86.00 88.00 2.00 6.55

Central Shoot


DDH85-177 57.00 59.00 2.00 10.04

DDH85-181 67.00 70.00 3.00 12.79

DDH85-187 81.00 86.00 5.00 20.66

South Shoot


DDH85-173 54.00 59.00 5.00 12.43

DDH85-174 61.00 66.00 5.00 8.03

20

Crestaurum Zone - Vein 1 187 DDH

South Ore

Shoot

Central

Ore Shoot

North Ore

Shoot

North Ext

Ore Shoot

Section 2Section 1

• 123 Crestaurum drill collars

located and surveyed to cm

accuracy – June-July 2013

• Core from 74 Crestaurum

drill holes found, re-logged,

re-sampled

• Plan to drill 1500m in 2014 85-174

South Ore Shoot

North Ore Shoot

North Ext Ore Shoot

0m 100m 200m 400m

PLAN MAP

DDH85-150

Central Ore Shoot

100m 200m 400m0m

BLOCK MODEL GRADES

Areas of Winter Drill

Holes

21

CRESTAURUM TRENCH

SAMPLING

Crestaurum Deposit – South ShootTrench Chip Sample – June 2013

4.00m @ 24.26 g/t

CRESTAURUM TRENCH

SAMPLING

DDH85-174 – September 2013

5.00m @ 12.43 g/t

22

Crestaurum Deposit – North Extension Shoot


3.00m @ 4.59 g/t


5.00m @ 4.43 g/t


5.00m @ 62.90 g/t

23

Crestaurum Historical Metallurgy

1985 Program: 44 samples of drill core rejects from 7 drill holes – we have

re-sampled all 7 holes and verified the grades

Composite A

•Drill grade of 0.357 oz/ton (cut to 1 oz/t as per resource estimate)

•Drill grade un-cut 0.627 oz/ton

•Calculated metallurgical head grade 0.72 oz/ton

Composite B

•Drill grade of 0.297 oz/ton (cut to 1 oz/t as per resource estimate)

•Drill grade un-cut 0.397 oz/ton

•Calculated metallurgical head grade 0.454 oz/ton

Findings (Quoted from Report*)

Using Direct Cyanide (Free Milling Method)

“Both composites were determined to be free milling and best suited for a straight

cyanidation process…expected to yield recoveries in the order of 95%.”

Using Refractory Recovery Method (Roasting) – The process used at Giant Mine

“Very low recoveries of about 44-62% were obtained…an alternative method of

processing would be necessary.”

*Source: F.A. Perrino, Summary Report of Exploration Activities, Yellowknife

Belt, Including Northbelt Yellowknife Mines Ltd., 1985 too 1988, September

1988

BARNEY LAKE SHEAR CORRIDOR DRILL TARGET

24

• Delineated over strike length of 4.5 km

(historic)

• Drill tested to over 600m strike length

(historic)

• Followed on surface over an additional

700m north of drilling

• Surface Mapping in June 2013

Indicates Barney Shear Zone Consists

of Multiple Mineralized Shears over

+200m across strike width

Prospective New Exploration Target

25

Barney Shear Corridor

Land hole

collars

surveyed,

cased, capped

Core retrieved

from all holes

Plan to go

down previous

holes and

wedge off

3D modelling

proceeding

3500m Drilling

Planned in

2014

Porphyry Zone

Volcanic Zone

Area of Winter

Drill holes Area of Wedge holesIn June 2014

HOMER LAKE BASE METAL DRILL TARGET

26

Key points of target

•Newly Discovered Large Untested

EM Anomaly

•Coincident Magnetic Anomaly

•High Grade Surface Showings

•High Grade Historical Drill Holes

Proximal to EM Anomaly

•High Precious Metal Values –

>200 g/t Silver, Multi-gram Gold

Homer Lake Base Metal

27

Homer Lake Target – 2014 Drilling (1000m)

28

One or two maps from Roman showing geophysics of

targetting.

One map from me showing proposed holes

Completed Drill Holes March- April 2014

TBN14-001

TBN14-002

TBN14-004TBN14-003

29

• Pinto Shear Zone – 49 g/t Au in grab

• AES Shear Zone – 13 g/t Au in grab

• Shear 20 Zone – 21.0m @ 2.97 g/t Au in DDH NB94-01a

• Crestaurum Southwest – 4.0m @ 24.26 g/t Au in trench chip sampling

• Jed Vein/Shear 19 – 1.60m @ 16.85 g/t Au

• Ryan Lake gold-molybdenum-copper-silver porphyry style

mineralization – up to 0.85% Mo, 4.0m @ 7.73 g/t Au in DDH NB96-24

• Walsh Lake Targets

o Sam Otto Zone - 15.85m @ 2.9 g/t Au in DDH W89-1

o Mispickel Zone – 6.0m @ 7.29 g/t Au - TerraX 2013 chip sampling

o Samex Zone – 4.0m @ 6.20 g/t Au – TerraX 2013 chip sampling

• Southern Northbelt – Extension of Lynx, GBK, C-Zone mines (Giant)

• Areas not yet explored by TerraX, including known mineralized

structures

Other Targets to be Drilled in Future

30

2013 Prospecting Results

Significant Findings

•Prospecting confirmed and

refined the location of historical

structures

•Extensive Strike Extent of

Mineralized Structures

•Both Northbelt and Walsh Lake

Properties have outcropping high

grade structures

•Homer Lake base metal play has

multiple mineralized structures

having extensive strike lengths

•Large areas of both properties yet

to be explored (2014 program)

31

Walsh Lake Property

Historical Drill Results

32

Walsh Lake Property

Wide zones of sheared, gossanous material with interbedded pyrite layers

33

• DRILL PERMIT received March 10th –– 5-7 years, entire YCGP area

• DRILL CONTRACT awarded to North Tech Drilling, Yellowknife

• Initial Drilling – Start March 24th on Top Priority Targets – 6000mo Winter program completed April 25th – 2300m drilled

o Re-start drilling in mid June following spring break Up – scheduled 3500m to drill

o Homer Lake – Base Metal Target

o Barney Shear Corridor

o Crestaurum

o Environmental Studies commenced in drill target areas, water, soil analyses

• Lidar Survey (accurate topographic) scheduled for June on all properties

• Additional Airborne Surveys on new land acquisitions

• Re-logging Historical Drill Core Ongoing – Over 20,000 Meters of Core

• Field Work of mapping, prospecting and environmental baseline studies

to commence in spring 2014

• Data Compilation and 3D Modeling continues

Moving Forward - 2014

TARGET for 43-101 MINERAL RESOURCES – END 2014

Summary

• Strong & Experienced Management Teamo EXCELLENT RECORD OF DELIVERING ON PROMISES

• Tight share structure with low fixed burn rate

• Highly prospective property on trend with two world class

(5moz+) historic gold mines

• Numerous high-grade showings and drill intercepts

• Readily accessible property, close to

infrastructure within a mining city

• Well funded for planned Work

• DRILL PERMITS in place for 5-7 Years

• DRILL CONTRACT AWARDED

• DRILL START-UP – MARCH 24th

34

35

1 (604) 689-1749 (Vancouver)

1 (613) 843-8109 (Ottawa)

E-Mail: [email protected]

www.terraxminerals.com

TXR :TSX-V TX0 :Frankfurt

WINTER ROAD TO

CRESTAURUM

DRILL SITE AT

HOMER LAKE

Business

Txr northbelt-2014