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TerraX samples up to 27.9 g/t Au from new zone at Screamer Island

Drill Results Sampling & Geoscience Results

September 26, 2017 TSX-V: TXR

Frankfurt: TX0

OTC Pink: TRXXF

News Release

TerraX samples up to 27.9 g/t Au from new zone at Screamer Island

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

assay results from a new zone of high-grade gold mi neralization identified during a property wide expl oration

program that is ongoing at its 418 square km Yellowknife City Gold Project (YCG). Assay results are from the new

Screamer Island target, 3.5km to the south of Sam Otto which included 27.9 g/t Au, 4.46 g/t Au, 4.15 g/t Au and

3.95 g/t Au in representative rock samples from wide zones of outcropping mineralization , with an additional

five samples grading greater than 1 g/t Au. These results more than quadruple the strike length of the company’s

Sam Otto target which is now over 5km (please see map here )

Joe Campbell, the Chief Executive Officer of TerraX , states: "These results support our belief that Sa m Otto is a

large mineralized system which now extends over 5km with the potential for much higher grade.

Mr. Campbell further stated: “Our property wide exploration is ongoing and we are confident that other high-grade

zones of gold mineralization may be discovered on surface prior to our next drill program.”

Terrax will be following up with channel sampling and enhanced ground geophysics analysis which is expected to

be completed this year. Surface exploration on the Yellowknife City Gold project this summer has collected more

than 5,500 samples to date. Today’s results are for 128 samples and to date, TerraX has reported assays on 648

samples. Assay results are pending from more than 4,800 samples with extensive surface work underway.

The results from a total of 128 samples are reported here with sample values ranging from nil to a high of 27.9 g/t

Au , with 9 samples returning assay values greater than 1 g/t Au. Sampling included insertion of certified standards

and blanks into the stream of samples for chemical analysis. Samples were prepared at ALS Chemex’s laboratory

in Yellowknife and shipped to their Vancouver facil ity for gold analysis by fire assay and other eleme nts by ICP

analysis. ALS is a certified and accredited laboratory service. It should be noted that, due to their selective nature,

assay results from grab samples may not be indicati ve of the overall grade and extent of mineralizatio n on the

subject area. The technical information contained i n this news release has been approved by Joseph Cam pbell,

the President of TerraX, who is a Qualified Person as defined in "National Instrument 43-101, Standard s of

Disclosure for Mineral Projects."

The technical information contained in this news re lease has been approved by Joseph Campbell, the Chi ef

Executive Officer of TerraX, who is a Qualified Per son as defined in "National Instrument 43-101, Stan dards of

Disclosure for Mineral Projects."

About the Yellowknife City Gold Project

Yellowknife City Gold ("YCG") encompasses 418 sq km of contiguous land immediate ly north and south of the

City of Yellowknife in the Northwest Territories. T hrough a series of acquisitions, TerraX controls on e of the six

major high-grade gold camps in Canada. Being within 15 km of the City of Yellowknife, the YCG is close to vital

infrastructure, including transportation, service providers, hydro-electric power and skilled tradespe ople.

The YCG lies on the prolific Yellowknife greenstone belt, covering 45 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

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.

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.