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YELLOWKNIFE CITY GOLD PROJECT

The Last Undeveloped

High-Grade Gold Camp in Canada

October 30 2015

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

GEOLOGY - Covers 23 km of strike (116 km2) on one of the major high-grade gold camps in Canada – and the

least explored.

LOCATION - “In the shadow of the head frame” immediately north and south of the world-class Giant and

Con Gold Mines - 14.2 Moz Gold produced over 60 years @ average grade of 16 g/t Au

ACCESSIBLE - Road access to city of Yellowknife (5 km to south), supply centre for NWT exploration; new

(2013) hydro-power dam on property; 8 km from commercial airport; skilled trades people and local support

EXCELLENT ENDOWMENT - Multiple gold-bearing structures:

- Barney Shear (extension of shear that hosted Con and Giant) - TerraX drills 22.4 m @ 6.35 g/t Au

- Crestaurum – drill intercept of 5.0 m @ 62.9 g/t Au

- Shear 20 – drill intercept of 21 m at 2.97 g/t Au

- Hebert-Brent – new discovery summer 2015 - surface channel sampling of 11.0m @ 7.55 g/t Au

- Exploration focus on Core Gold Area is targeting discovery of a +5Moz Au deposit

FUNDED & ACTIVE – $5.2M raised in placements in June, 2015

- Sale of option on 1% NSR to Osisko Gold Royalties for $1 Million; additional $2M required to exercise

- fully funded for multiple drill programs through 2016.

- results pending from 6,730 meter summer drill program and extensive surface exploration

SECURE LAND HOLDINGS – Northwest Territories, Canada

- 100% ownership; majority of property is mineral leases, with no work commitments or property payments

ATTRACTIVE SHARE STRUCTURE – 67.4M shares issued

- 14.8% ownership by management and staff

- 16.9% acquired for cash in private placements by Osisko Gold Royalties (TSX: OR)

EXPERIENCED MANAGEMENT - Exploration, resource definition, mine planning and operations 3

Investment Highlights

Company OverviewIssued Shares: 67.4 mln

Options: Total : 5.6 mln

2,050,000 @

395,000 @

100,000 @

295,000 @

1,050,000 @

500,000 @

750,000 @

175,000 @

350,000 @

250,000 @

$0.17 (Jun. 28, 2018)

$0.35 (Dec 24, 2017)

$0.61 (Sept 30, 2016)

$0.45 (Dec 23, 2016)

$0.35 (Mar 14, 2019)

$0.61 (May 5, 2019)

$0.38 (Mar 26, 2018)

$0.31 (July 22, 2018)

$0.25 (Aug 31 2017)

$0.25 (Sept 2 2018)

Warrants: Total: 11.0 mln

3,206,043 @

1,293,736 @

820,000@

650,000@

4,018,738 @

946,136 @

$0.30 (May. 8, 2016)

$0.50 (Dec 20, 2015)

$0.51 (Feb 12, 2016)

$0.57 (Feb 28, 2016)

$0.50 (Sept 30, 2017)

$0.55 (June 5, 2018)

Fully Diluted Shares: 84.0 mln

Basic Market Cap (C$0.32/share) $21.6 mln

Held by Management: 14.8%

Held by Osisko Gold Royalties: 16.9%

Working Capital $4.61 Million

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October 30 2015

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Joseph Campbell, P. Geo – President, CEO and Director

• 34 years of experience, including Exploration and Mine Development, open pit & underground

• Project Manager for 7 years from discovery to pre-feasibility - Meliadine gold project, Nunavut

⁻ Introduced Meliadine to Agnico Eagle (AEM) in 2007; wrote Endowment Study for AEM

⁻ Completed pre-feasibility level scoping study in 2008 with AEM engineers in Val D’Or;

⁻ AEM acquired ≈9% of Comaplex ($46.9M in cash) in 2008;

⁻ AEM acquired balance of Comaplex for $650 Million in shares in 2010;

⁻ One of Agnico Eagle’s largest projects in terms of reserves and resources:

P&P Reserve of 3.3 Moz @ 7.44 g/t Au with Indicated Resource of 3.3 Moz @ 5.06 g/t Au

⁻ Agnico’s “fastest growing project with multiple high-grade zones”:

Inferred resource at 3.5 Moz @7.65 g/t Au

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

• 34 years of international experience: Ph.D in Geology from Cambridge University (1991)

• Expert in IOCG, Epithermal Au and VMS deposit types

Stuart Rogers, CFO and Director

• 25+ years as director and senior officer of public companies on TSX-V, TSX and NASDAQ

Paul Reynolds, P. Geo – Director

• 28 years of experience in resource exploration and public company management

Elif Lévesque, CPA, CGA, MBA – Director

• Chief Financial Officer and VP Finance for Osisko Gold Royalties since June 2014

• 13 years of experience in finance, treasury and strategic management in the mining industry

Accomplished Management

5

Yellowknife - One of Six High Grade Gold Camps in Canada

More Than 300M* Oz Gold have been mined from Archean Gold deposits in Canada, with the vast majority from High Grade Gold Camps

Yellowknife is the most northerly and least explored of these camps

* Gold Ounces in Camps include known historical production, reserves and drill indicated resources from public

records. Totals should be considered approximate with an error range sufficient for comparison purposes. Other

large Archean gold areas include Detour/Sunday Lake; Rice Lake; Chibougamau; Meliadine; and Meadowbank

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Regional Geology: Comparable to Timmins

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TerraX has 100% Ownership of the Strike Extensions of the Yellowknife Gold Belt, host to the Con and Giant Gold Mines

o Con Mine 1938 to 20036.1 million oz @ 16.1 g/t Au

o Giant Mine 1945 to 2004 8.1 million oz @ 16.0 g/t Au

� TerraX’s YCGP covers 116 km2

Over 23 km of Strike Length on Main Yellowknife Gold Break

� TerraX controls Entire Prospective Geology on Yellowknife Gold Belt north and south of:

� Unique Situation for a Junior Mining Company to Control a Major Gold Camp in Canada

Con 6.1M oz

Giant 8.1M oz

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• Year Round Access from Yellowknife

• 8 km by road to Yellowknife Airport -site of TerraX core facility

• Blue Fish Hydro Dam on Property –expandable for Mine Development

• Skilled available workforce

• Local service providers

Unmatched Accessibility Excellent Infrastructure

• Population - 20,000

• Founded on 2 Gold Mines

• Transportation hub for NWT

• Highway Access to the Rest of Canada

• Daily jet service to major cities

City of Yellowknife:

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TerraX Core Facility

0 52.5

kilometers

Benefits of Historical Exploration$M Saved, Accelerated Project Timeline

Previous core storage Giant Mine Core Yard~200 YCG Drill Holes Recovered

• TerraX has compiled +450 historical drill

logs (1938-96) recovered from Giant

Mine by the NWT Geoscience Office

• Core from ~200 drill holes recovered by

TerraX from Giant Mine core yard,

sampling by TerraX included 5.0m @

62.90g/t Au and 20.86m @ 3.79g/t Au

• >250 drill collar locations have been

identified and surveyed by TerraX – we

have accurately located the ‘best’ holes

• TerraX has identified and sampled

dozens of gold mineralized trenches

• Project moved years ahead of schedule,

and savings of $M

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THE ‘CORE GOLD AREA’Concentrating our exploration efforts

• Based on Surface work and drilling

TerraX has defined a 5 x 3 km ‘Core

Gold Area’ of mineralization

• The Core Gold Area contains the

Barney Shear (the extension of Con &

Giant); the Crestaurum Deposit; Shear

20; as well as several other high grade

shears and veins

• Taken collectively we believe the

shears and veins could be indicative of

gold-bearing vein sets common to

large mineralized systems

• The 2015 exploration drilling will be

carried out in this area

0 2.5 5

kilometers

Hebert-Brent

11

12

2015

2015 Drill

Results

Summer 2015 Drill Results are pending

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Designed to Follow-up on 2014 Results

Winter 2015 Drilling Up Dip of Main Zone

Barney Shear – 2015 DDH SuccessExtending Dip of Zone

Incl. 5.16m @ 18.40 g/t Au

Incl. 4.00m @ 12.34 g/t Au

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Barney Shear – 2015 DDH SuccessExtending Strike of Zone

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Crestaurum Zone – 2014/15 Drill Programs

South Ore

Shoot

Central

Ore Shoot

North Ore

Shoot

North Ext

Ore Shoot

• 2014 Program to twin 1945-47 drilling and in-fill

drilling on known high grade shoots

• Twin Drill Holes incl. TNB14-011 10.02m @ 4.17 g/t Au

• In-fill Drill Holes incl. TNB14-019 2.85m @ 33.60 g/t Au

• 2015 Winter Program designed to test dip and strike

extension and discovery of new high grade shoots

• TCR15-003 7.00m @ 10.23 g/t Au South Shoot

extension

• TCR15-025 8.86m @ 2.86 g/t Au, including 2.00m @

10.24 g/t Au in new shoot on 400m strike extension

100m 200m 400m0m

BLOCK MODEL GRADES

LEGEND

Areas of 2014Drill Holes

Areas of 2015Drill Holes

Crestaurum South Zone – 2015 Drill Results

• 2015 Winter Program successfully

tested dip and strike extension of high

grade shoots

• discovered of new high grade shoots

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2.80m @ 3.34 g/t Au

5.00m @ 5.29 g/t Au

3.17m @ 2.15 g/t Au

YCGP SUMMER 2015 SURFACE WORKDEVELOPING NEW TARGET AREAS FOR 2015-2016 DRILL PROGRAMS

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Concentration on

the Core Gold

Area

0 42

kilometers

0 42

kilometers

FOCUS ON THE ‘CORE GOLD AREA’

� Approximately 2660 surface samples have been taken by TerraX in 2013, 2014 & 2015

o 20% >1g/t Au, up to 1205 g/t Au

� Exploration in 2013 and 2014 defined a 5km x 3km “Core Area” of gold mineralization

� Core Area contains:

o Barney Shear (extension of Con & Giant) -22.42 m @ 6.35 g/t Au in DDH

o Crestaurum Deposit - 5.0 m @ 63.90 g/t Auin DDH

o Shear 20 - 21.12 m @ 2.97 g/t Au in DDH

o Barney Deformation Corridor (“BDC”) channel sampling 2015:

• 11 m @ 7.55 g/t Au Hebert-Brent

• 6 m @ 10.26 g/t Au Hebert-Brent South

• 15 m @ 2.23 g/t Au Hebert-Brent East

o Shear 17 (2.0 m @ 21.40 g/t Au in channels)

o high grade off-angle veins with assays up to 549, 712 and 878 g/t Au in grabs

� Collectively, the shears and veins are indicative of gold bearing vein sets common to large mineralized systems

18

0 21

kilometers

0.5

Barney Deformation Corridor 2015 Discovery

19

20

Hebert-Brent Area

Channel Sampling

• Multiple Zones

• Demonstrated Strike

Extension

• 6 Drill Holes (953m)

Completed – Assays

Pending

21

Channel Samples Average

11 m @ 7.55 g/t Au

The style of

alteration and

mineralization in

this zone is

similar to the ore

zones mined at

the Con Mine

22

23

24

25

� Exploration budget of $1.5M in Summer of 2015

o Drill Crestaurum Deposit in preparation for Ore Resource Estimation

o Discover new areas of mineralization in the CORE GOLD AREA – latest example Hebert-

Brent Shear (11 m @ 7.55 g/t Au; 6 m @ 10.26 g/t Au and 15 m @ 2.23 g/t Au in surface

channels)

o Prepare areas for Winter 2016 drilling

o Stake and sample additional claims to expand YCG

� Exploration budget of $4.0M in 2016

o Drill Barney Shear (extension of Con & Giant) in preparation for Ore Resource Estimation -

22.42 m @ 6.35 g/t Au in DDH in 2014

o Drill New Targets including

• Barney Deformation Corridor including Hebert-Brent Shear

• Pinto – assays up to 108 g/t Au in grab samples

• Mispickel - 6.0m @ 7.29 g/t Au in chip sampling on surface

• Sam Otto - 5.35m @ 5.61 g/t Au & 15.85m @ 2.59 g/t in historical drilling (1995)

• Shear 17 - 2.00m @ 21.40 g/t Au in surface chip samples

• Crestaurum area high grade off-angle veins with assays up to 549, 712 and 878 g/t Au in grabs

Work Programs for 2015-2016

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� TerraX - well funded, with experienced management to bring YCG through the

project development stage

� DRILL PERMIT - received March 2014 for 5-7 years, entire YCGP area

� Private Placement June 2015 - $5.2M CDN for 2015/16 drill programs

� Fully funded for multiple drill programs through to end of 2016:

o Barney Shear

o Crestaurum

o New Targets within Core Gold Area, including Barney Deformation Corridor

� Summer 2015 Field Mapping, Prospecting and Channel Sampling with

TerraX/Osisko technical teams – more than 20 new near surface HIGH GRADE

gold targets discovered to date

� Current Summer 2015 definition drilling for Crestaurum resource, then moving to

new targets Fall 2015 to Winter 2016

� Environmental Baseline Studies continue, water, soil analyses, archaeology,

bathymetry – preparing for future project development

� Data Compilation and 3D Modeling continues for 43-101 resource estimation Q1

2016

Moving Forward – 2015/2016

TOP PRIORITY TARGETS for 43-101 MINERAL RESOURCES

SUMMER 2015

ROAD TO CRESTAURUM

SUMMER DRILL SITE

JULY 2015

CRESTAURUM

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1 (604) 689-1749 (Vancouver)

1 (613) 843-8109 (Ottawa)

E-Mail: info@terraxminerals.com

www.terraxminerals.com

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REPAIRS ON CRESTAURUM ROADJUNE 2015