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YGT.V ·

TerraX receives $1,910,759 from the exercise of warrants

Financings Share Capital & Compensation

October 17, 2017 TSX-V: TXR

Frankfurt: TX0

OTC Pink: TRXXF

News Release

TerraX receives $1,910,759 from the exercise of warrants

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

the receipt of $1,910,759 from the exercise of 3,82 1,518 share purchase warrants at $0.50 per share. With the

exercise of these warrants, the Company now has cas h on hand of $2.83 Million.

About TerraX Minerals Inc.

Terrax is focused on the development of the Yellowknife City Gold ("YCG") in the Northwest Territories of

Canada. The YCG encompasses over 418 sq km of contiguous land immediately north, south and east of the City

of Yellowknife, the capital of the Northwest Territories. Through a series of acquisitions, TerraX controls one of the

six major high-grade gold camps in Canada. Being wi thin 15 km of the City of Yellowknife, the YCG is c lose to

vital infrastructure, including transportation, service providers, hydro-electric power and skilled tradespeople.

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

On behalf of the Board of Directors

"STUART ROGERS"

Stuart Rogers

President

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.

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, future events or oth erwise.