TerraX purchases the Tom Mine and Sickle Properties
September 19, 2018 TSX-V: TXR
Frankfurt: TX0
OTC Pink: TRXXF
News Release
TerraX purchases the Tom Mine and Sickle Properties
Vancouver, B.C. – TerraX Minerals Inc. (TSX-V: TXR; Frankfurt: TX0; OTC Pink: TRXXF) is pleased to
announce the purchase of a 100% interest in the Tom Mine (6 sq km)and Sickle (2 sq. km) properties from Altamira
Gold Corp. These properties increase the area of the YCGP from 772 square kilometers to 780 square kilometers.
A map of the property locations is available here .
As part of the agreement, TerraX will pay Altamira a total of $25,000 cash and 250,000 shares of TerraX. Altamira
will retain a 2% NSR royalty. The agreement is subject to the approval of the TSX-V exchange and is expected to
close by the end of September .
David Suda, the Chief Executive Officer and President of TerraX stated “While results from our summer exploration
program continue to fill our pipeline of focused ta rgets; our team continues to build the world class land package.
We are pleased to have completed an amicable transaction with Altamira.”
The Tom Mine was a gold producer in the Yellowknife gold district from 1985-1997. The Tom and C vein systems
were accessed by ramp to 122 vertical metres over 3 00 metres of strike length. The Tom Mine production was
milled at the Ptarmigan Mine (January 12, 2018 pres s release) so separate production records for the T om Mine
are not available. The Tom Mine gold ore has the same characteristics as the Ptarmigan Mine which is free milling
with reported recovery of 94%. When the mine closed in 1997 the veins were still open at depths below the current
mine workings. (Source: The Operational History of Mines in the Northwest Territories, R. Silke, 2009; and
Treminco Resources Limited, Annual report 1990). Th e southern portion of the property is contiguous wi th the
Ptarmigan Gold Mine property.
The Sickle property is underlain by the Walsh Lake sediments, which are host to TerraX’s Mispickle Zon e
(September 22, 2016, press release). Several historic gold showings occur on the property with gold values up to
4 g/t.
Joseph Campbell, the Executive Chairman of the Board of TerraX, stated “The purchase of the Tom Mine property
gives TerraX access to another gold bearing vein sy stem similar to the past producing Ptarmigan Mine, which
TerraX owns. The property is also near paved road a ccess to Yellowknife and high-tension powerlines th at are
connected to the past producing Ptarmigan Gold Mine . The purchase of the Sickle property gives TerraX an
additional 5 kilometers of strike length in the gold bearing Walsh Lake sediments.”
The technical information contained in this news re lease has been approved by Joseph Campbell, the Exe cutive
Chairman of the Board of TerraX, who is a Qualified Person as defined in "National Instrument 43-101, Standards
of Disclosure for Mineral Projects."
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
"JOSEPH CAMPBELL"
Joe Campbell
Executive Chairman of the Board
For more information, please contact:
Samuel Vella
Manager of Corporate Communications
Phone: 604-689-1749
Toll-Free: 1-855-737-2684
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.
This news release contains forward-looking informat ion, which involves known and unknown risks, uncert ainties
and other factors that may cause actual events to d iffer materially from current expectation. Importan t factors -
including the availability of funds, the results of financing efforts, the completion of due diligence and the results
of exploration activities - that could cause actual results to differ materially from the Company's ex pectations are
disclosed in the Company's documents filed from tim e to time on SEDAR (see www.sedar.com ). Readers are
cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this
press release. The company disclaims any intention or obligation, except to the extent required by law , to update
or revise any forward-looking statements, whether as a result of new information, events or otherwise.