TerraX Arranges $1.5 Million Financing

November 1, 2018 TSX-V: TXR

Frankfurt: TX0

OTC Pink: TRXXF

News Release

TerraX Arranges $1.5 Million Financing

NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR DISEMMINATION IN THE UNITED STATES

Vancouver, B.C. - TerraX Minerals Inc. ( TSX.V: TXR; Frankfurt: TX0; OTC Pink: TRXXF ) is pleased to

announce that the Company has agreed to a non-broke red private placement of 3,750,000 units of the Com pany

(“Units”) at a price of $0.40 per Unit to raise agg regate gross proceeds of $1.5 million.

Each Unit shall consist of one common share and one transferable common share purchase warrant (a “Warrant”).

Each Warrant shall be exercisable into one addition al common share of the Company for a period of thre e years

from closing at an exercise price of $0.60.

The net proceeds of this financing are to be used to fund the Company’s general and administrative expenses and

to complete targeting for the drill program planned for early 2019. Certain directors and officers of TerraX will be

participating in this private placement. The closi ng is anticipated to occur on or before November 16 th 2018,

subject to acceptance for filing by the TSX Venture Exchange. All securities issued will be subject t o a statutory

hold period in Canada expiring four months and one day from the date of closing.

This news release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities in the

United States. The securities have not been and wil l not be registered under the United States Securit ies Act of

1933, as amended (the “U.S. Securities Act”) or any state securities laws and may not be offered or so ld within

the United States or to U.S. Persons unless registered under the U.S. Securities Act and applicable state securities

laws or an exemption from such registration is available.

About the Yellowknife City Gold Project

The Yellowknife City Gold ("YCG") project encompasses 780 sq km of contiguous land immediately north, south

and east of the City of Yellowknife in the Northwes t Territories. Through a series of acquisitions, Te rraX controls

one of the six major high-grade gold camps in Canad a. Being within 10 km of the City of Yellowknife, t he YCG is

close to vital infrastructure, including all-season roads, air transportation, service providers, hydr o-electric power

and skilled tradespeople.

The YCG lies on the prolific Yellowknife greenstone belt, covering 70 km of strike length along the main mineralized

break in the Yellowknife gold district, including t he southern and northern extensions of the shear sy stem that

hosted the high-grade Con and Giant gold mines. The project area contains multiple shears that are the recognized

hosts for gold deposits in the Yellowknife gold district, with innumerable gold showings and recent high-grade drill

results that serve to indicate the project's potential as a world-class gold district.

For more information on the YCG project, please visit our web site at www.terraxminerals.com .

On behalf of the Board of Directors

"DAVID SUDA"

David Suda

President and CEO