TXR TSX-V TX0 Frankfurt TRXXF OTC YELLOWKNIFE CITY GOLD PROJECT Advancing the Last High-Grade Gold Camp in Canada June 27, 2016
Cautionary Statement 1 2
Cautionary Statement 2 3
Investment Highlights GEOLOGY -Covers 23 km of strike (118 km 2 ) 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 1 produced over 60 years @ average grade of 16 g/t Au 1 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: - Mispickel new discovery winter 2016 drilling 8.00m @ 60.60 2 g/t Au and 7.30m @ 23.60 g/t Au3 3 - Barney Shear (extension of shear that hosted Con and Giant) -TerraX drills 22.4 m @ 6.35 g/t Au 4 - Crestaurum drill intercept of 5.0 m @ 62.9 g/t Au 5 - Shear 20 drill intercept of 21 m at 2.97 g/t Au 6 - Hebert-Brent new discovery summer 2015 -surface channel sampling of 11.0m @ 7.55 g/t Au 7 - Sam Otto 2016 drill intercepts of 49.70m @ 1.00 g/t Au 8 and 30.70m @ 1.33 g/t Au 8 FUNDED & ACTIVE - June 2015 -$5.2M raised in placements and sale of option on 1% NSR to OsiskoGold Royalties for $1M - May 2016 -$3.2M raised in placements - Fully funded for multiple drill programs in 2016 and 2017. SECURE LAND HOLDINGS Northwest Territories, Canada - 100% ownership; majority of property is mineral leases, with no work commitments or property payments ATTRACTIVE SHARE STRUCTURE 77.8M shares issued - 13.5% ownership by management and staff - 14.5% acquired for cash in private placements by Osisko Gold Royalties (TSX: OR) EXPERIENCED MANAGEMENT- Exploration, resource definition, mine planning and operations 4
June 24 2016 Company Overview Issued Shares: 77.8 mln Options: Total : 6.1 mln 1,860,000 @ $0.17 (Jun. 28, 2018) 395,000 @ $0.35 (Dec 24, 2017) 100,000 @ $0.61 (Sept 30, 2016) 295,000 @ $0.45 (Dec 23, 2016) 1,050,000 @ $0.35 (Mar 14, 2019) 500,000 @ $0.61 (May 5, 2019) 750,000 @ $0.38 (Mar 26, 2018) 175,000 @ $0.31 (July 22, 2018) 790,000 @ $0.25 (Sept 12017) 250,000 @ $0.32 (Feb 11, 2018) Warrants: Total: 10.8 mln 1,236,462 @ $0.50 (Dec 20, 2016) 750,000 @ $0.51 (Feb 12, 2017) 650,000 @ $0.57 (Feb 28, 2017) 4,018,738 @ $0.50 (Sept 30, 2017) 946,136 @ $0.55 (June 5, 2018) 3,017,500 @ $0.50 (May 6, 2019) 151,380 @ $0.40 (May 6, 2018) Fully Diluted Shares: Basic Market Cap (C$0.41/share) Held by Management: 13.5% Held by Osisko Gold Royalties: 14.5% Working Capital $4.9 Million 94.7 mln $31.9 mln TXR TSX-V TRXXF OTC Pink TX0 Frankfurt 5
Accomplished Management Joseph Campbell, P. Geo President, CEO and Director 36 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 36 years of international experience: Ph.Din 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 6
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 7
Geology of the YCG property Ideally Located for Discovery YCG is 118 2 km and 23 km strike length covering the extension of the Geology Containing the Con and Giant Mines Past Production Includes: o Con Mine 1938 to 2003 6.1 million oz @ 16.1g/t Au 1 o Giant Mine 1945 to 2004 8.1 million oz @ 16.0g/t Au 1 YCG properties cover the most prospective geology of this belt Unique Situation for a Junior Mining Company to Control a Major Gold Camp in Canada 8
Unmatched Accessibility Excellent Infrastructure 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 City of Yellowknife: 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 TerraX Core Facility 0 2.5 5 kilometers 9
THE CORE GOLD AREAS Concentrating our exploration efforts Based on Surface work and drilling up to 2016 TerraX has defined a 10 x 4 km Core Gold Area of mineralization o The Core Gold Area is contained within a major flexure of the main Yellowknife Gold Camp Shear Zone o To date TerraX has discovered within the Core Gold Area: Mispickel Sam Otto Barney Hebert-Brent 20 Shear and Crestaurum Taken collectively we believe the shears and veins could be indicative of goldbearing vein sets common to large mineralized systems 0 2.5 5 kilometers 10
RESULTS OF 2016 WINTER DRILLING Mispickel - 6.0m @ 7.29 g/t Au 9 in chip sampling on surface; 8.00m @ 60.60 g/t Au 2, 7.30m @ 23.60 g/t Au 3, & 8.60m @ 12.87 g/t Au 3 in 2016 drilling Sam Otto - 49.70m @ 1.00 g/t Au incl. 10.35m @ 2.54 g/t Au 8 & 30.70m @ 1.33 g/t incl. 15.00m @ 2.02 g/t Au 8 Barney - Structure with gold mineralization at >500m vertical depth; re-interpretation that high grade lodes are on shear flexures; 5.34m @ 3.09 g/t Au 2 in porphyry Hebert-Brent Initial Discovery of Replacement Style Gold Mineralization; template for exploration of deposit type, 7.10m @ 3.61 g/t Au 10 and 8.00m @ 3.21 g/t Au 10 Homer Lake - Discovery of new gold Zone - 15.91m @ 1.78 g/t Au incl. 2.70m @ 5.51 g/t Au 11 & 18.19m @ 1.20 g/t incl. 5.59m @ 3.31 g/t Au 11, gold structure traced in geophysics and LiDAR for approximately 5 km AES - All holes intersected gold hosted in quartz veins (up to 2.98 g/t Au 2 ) within 5km shear extending from Giant property where mining occurred Pinto and VSB - no significant assay results BARNEY HOMER EXTENDED ICE ROAD & TRAILS PINTO HEBERT-BRENT MISPICKEL SAM OTTO AES UPGRADE CURRENT ICE ROAD 11 VSB
Looking South 6.0 m @ 7.29 g/t Au 19 u 19 MISPICKEL DISCOVERY Winter 2016 X-Section A-A A A 3 9 Magnetic Survey Area Summer 2016 2 3 A A 12
WALSH LAKE 2016 MAGNETIC SURVEY Winter 2016 Ground Magnetic survey completed on Lake portions of Walsh Lake Property o Defined high magnetic trend associated with the Mispickelgold zone for 5 kilometers o Survey was completed in time to assist in location of 2 nd phase of Mispickel drilling Summer 2016 Magnetic survey completed on land sections o approximately 200 line km completed to date o includes coverage of the Sam Otto gold zone, and other trends parallel to Mispickel SUMMER 2016 MAGNETIC SURVEY AREA MISPICKEL SAM OTTO 0 1 kilometers 2 13
100 meters SAM OTTO ZONE 8 WINTER 2016 DRILLING 14
Major Findings reinterpreted 2014 and 2015 drilling Gold grade in Barney Shear Zone increases at shear dip flexures The high grade Barney Zone occurs on a ledge in the steeply dipping Barney Shear 4 4 13 12 Positions of historical drilling, particularly NB96-09 on this section, may need corrected positions High grade ledge has now been interpreted over +300 meters of strike 100 meters Targeting for more ledges in Winter 2017 drilling 15
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Replacement Style Targets - Sericite Zone Alteration 5 TIMES LARGER ON SURFACE THAN HEBERT-BRENT ZONE 17
Crestaurum Zone 2014/15 Drill Programs BLOCK MODEL GRADES South Ore Shoot Central Ore Shoot North Ore Shoot North Ext Ore Shoot 0m 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 15 In-fill Drill Holes incl. TNB14-019 2.85m @ 33.60 g/t Au 16 2015 Drill Programs SOUTH SHOOT 100m 200m 400m o TCR15-003 7.00m @ 10.23 g/t Au 17 o TCR15-068 4.21m @ 12.49 19 o TCR15-052 10.80m @ 3.49 g/t Au 19 2015 Drill Programs TCR15-025 8.86m @ 2.86 g/t Au, incl. 2.00m @ 10.24 g/t Au 18-400m strike extension Areas of 2014 Drill Holes LEGEND Areas of 2015 Drill Holes 18
FULLY FUNDED Approximately $4.9M in working capital o $3.2M raised in private placements in May 2016 for 2017 exploration $120,000 received from GNWT for 2016 exploration under Mineral Incentive Program Exploration Activities for Remainder of 2016 Extensive surface exploration Summer/Fall 2016 o Mapping Prospecting Replacement Style Deposits; Southbelt; Walsh Lake Mispickel/Sam Otto targets o Expanded Ground Magnetic Survey along the Mispickel structure half completed o Ground IP on prospective replacement targets Airborne LiDAR and Radiometric survey on Southbelt Surveys are completed - June 2016 Summer/Fall drill program - approximately 5000 meters planned o Mispickel expansion o Advanced Replacement Style targets o Other Targets of opportunity Drill permit application for Southbelt drilling in Winter 2017 19
1 (604) 689-1749 (Vancouver) 1 (613) 843-8109 (Ottawa) E-Mail: info@terraxminerals.com www.terraxminerals.com TXR TSX-V TRXXF OTC REPAIRS ON CRESTAURUM ROAD JUNE 2015 SUMMER 2015 ROAD TO CRESTAURUM WINTER DRILL SITE FEBRUARY 2016 MISPICKEL 20
Appendix I - References for Assay Values Within this Presentation 1. Slides 4, 8 - Con Production from Extech III Field Guide, 2002, The Yellowknife Mining Camp Over 60 Years of Mining, editor Hendrick Falck, Section - Miramar Con Mine, pg 80, table 1; and Slides 4, 8 - Giant Production from James P. Siddorn, PhD thesis, The Giant-Con Gold Deposit: A Once Linked Archean Lode-Gold System, Chapter 2 Siddorn, J. P., Cruden, A. R.; Early Gold Mineralization Versus Late Overprinting in a Structurally Complex Gold Deposit: The Giant Gold Deposit, Yellowknife Canada, pg 13 2. Slide 4, 11, 12 News Release June 6, 2016 3. Slides 4, 11, 12 News Release February 23, 2016 4. Slides 4, 15 News Release August 25, 2014 5. Slide 4 News Release October 2, 2013 6. Slide 4 News Release October 16, 2013 7. Slide 4 News Release August 11, 2015 8. Slide 4, 11, 14 News Release April 13, 2016 9. Slide 11, 12 News Release October 30, 2013 10. Slide 11 News Release May 19, 2016 11. Slide 11 News Release May 4, 2016 12. Slide 15 News Release August 14, 2014 13. Slide 15 News Release May 13, 2015 14. Slide 16 News Release October 28, 2015 15. Slide 18 News Release June 2, 2014 16. Slide 18 News Release September 15, 2014 17. Slide 18 News Release Feb 26, 2015 18. Slide 18 News Release April 1, 2015 19. Slide 18 News Release December 8, 2015 21