TerraX Discovers New Mineralized Zones at Yellowknife City Gold Project; Assays Include 2 m @ 21.4 g/t Au in Chip Sample From Vein Near Shear 17

YELLOWKNIFE, NORTHWEST TERRITORIES--(Marketwired - Aug. 4, 2015) - TerraX Minerals Inc. (TSX VENTURE:TXR)(FRANKFURT:TX0)(OTC PINK:TRXXF) has received initial results from an extensive summer exploration program still underway on its Yellowknife City Gold Project ("YCG"), immediately north of Yellowknife in the Northwest Territories. Specific prospecting results include:

i)	Chip sampling of a gold bearing vein discovered in 2014 returned 2 m @ 21.4 g/t Au near the Shear 17 structure east of Ryan Lake (see maps under "Field Exploration 2015" on website).
ii)	A newly discovered vein with visible gold ("Timmies Vein") 50 m from and parallel to the VSB vein (up to 547 g/t; see News Release of July 24, 2014) returned up to 88.6 g/t Au in grab samples.
iii)	An additional grab sample taken 10 m along strike from a vein which returned 126 g/t Au in 2014 just west of the Barney Shear area yielded an assay of 129.5 g/t Au; visible gold was subsequently noted in this vein.
iv)	Visible gold was noted in a newly discovered vein approximately 200 m southeast of the Pinto structure; assays from grab sampling of this vein are pending.
v)	A new 100 m long zone of sulphides in quartz veins and disseminated in granite was discovered southwest of Ryan Lake. Assays up to 5.16 g/t Au in grabs were obtained.
vi)	Numerous quartz veins east of Ryan Lake were mapped and sampled. Many of these veins contain molybdenite, and assays up to 6.32% Mo have been obtained in this area previously (News Release August 19, 2014). Assays are pending.
vii)	Numerous quartz veins in the JED area west of the Barney Shear were sampled. Many of these veins contain sulphides, and chip values up to 1.40 m @ 16.85 g/t Au have been obtained from the JED vein (News Release July 31, 2013). Assays are pending.

Drilling is continuing at Crestaurum (see News Release of July 22, 2015) with eight holes now having been completed. Drill core is currently being logged and sampled; assay results will be released when received and interpreted.