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Terrax grants 2,710,000 incentive stock options

Share Capital & Compensation

December 30, 2019

TSXV: TXR

Frankfurt: TX0

OTC Pink: TRXXF

PRESS RELEASE

Not for distribution to U.S. news wire services or dissemination in the United States.

Terrax grants 2,710,000 incentive stock options

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

agreed, subject to regulatory approval, to grant incentive stock options to directors, officers and

consultants on up to 2,710,000 common shares at an exercise price of $0.30 per share for a

period of five years from the date of grant. These options will vest over a twenty-four month

period.

On behalf of the Board of Directors,

"DAVID SUDA”

David Suda

President and CEO

For more information, please contact:

Samuel Vella

Manager of Corporate Communications

Phone: 604-689-1749 / Toll-Free: 1-855-737-2684

[email protected]

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.