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The Company has agreed, subject to regulatory appro val, to grant incentive stock options to

Share Capital & Compensation

TERRAX MINERALS INC.

Suite 2300 – 1066 West Hastings Street Vancouver, B.C.

V6E 3X2

September 27, 2011 TSX-V: TXR Frankfurt: TX0

NEWS RELEASE

The Company has agreed, subject to regulatory approval, to grant incentive stock options to directors and consultants on up to 600,000 common shares at an exercise price of $0.33 per share for a period of two years.

On behalf of the Board of Directors

“STUART ROGERS”

Stuart Rogers

Director

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.