TerraX grants options to buy up 650,000 shares

TERRAX MINERALS INC.

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

V6E 3X2

August 2, 2012 TSX-V: TXR Frankfurt: TX0

NEWS RELEASE

TerraX grants options to buy up 650,000 shares

TerraX Minerals Inc. (TSX.V: TXR; Frankfurt: TX0) has agreed, subject to regulatory approval, to grant incentive stock options to directors and consultants on up to 650,000 common shares at an exercise price of $0.10 per share for a period of two years.

On behalf of the Board of Directors

“STUART ROGERS”

Stuart Rogers Director

Contact: Paradox Public Relations

Phone: 514-341-0408 Toll Free: 1-866-460-0408

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.