TerraX Minerals Inc. (TSX VENTURE:TXR)(FRANKFURT:TX0)(PINKSHEETS:TRXXF) has
re-commenced core drilling, following spring breakup, on its wholly-owned
Yellowknife City Gold Project ("YCGP"), near Yellowknife, NWT. Drilling
continues at the Barney Shear Zone, which is widely recognized in industry
publications and historic reports as the northern continuation of the gold
mineralized shear system that hosted the past-producing high-grade Con and Giant
gold mines in Yellowknife. The Barney Shear has been delineated over a strike
length of 4.5 km by TerraX and previous operators; surface mapping by TerraX in
2013 indicates that the Barney Shear Zone consists of multiple mineralized
shears over a greater than 200 m width.


The first drill holes will be wedges to test the up dip extension of the Barney
Shear Zone off relatively deep drill holes drilled by Nebex Resources in 1995
and 1996 that intersected the Barney Shear Zone at vertical depths of 240 to 280
meters below surface. The holes were left cased and capped to allow re-entry for
further exploration of this zone. The previous drilling by Nebex were single
holes per cross-section, and the wedges to be completed by TerraX will create
multi-hole sections for geological modeling and potentially allow Terrax to
complete an initial inferred resource estimate at Barney utilizing drill logs
and core available to TerraX from the Nebex drilling. 


TerraX has previously reported assay results from re-logging and sampling of the
drill core from these holes that included: 




--  20.86 m @ 3.79 g/t Au, inclusive of 4.00m @ 12.59 g/t Au, in hole NB 95-
    16 (news release of August 14, 2013), 
    
--  8.16 m @ 5.06 g/t Au in hole NB 96-02 (news release of November 14,
    2013), and 
    
--  27.00 m @ 1.90 g/t Au, inclusive of 2.70 m @ 8.97 g/t Au in hole NB 96-
    04 (news release of November 14, 2013). 



Hole 96-02 was collared 450 m west of NB 95-16. Hole NB 96-04 was collared 60 m
north of NB 95-16 and was the northernmost hole drilled on the Barney Shear
until drilling conducted by TerraX in April of 2014 reported a newly discovered
northern extension to the Barney Zone (Barney North Extension), approximately
200 meters further north and 200 meters up dip of previous drilling (news
release June 2, 2014).  This drilling greatly expanded the strike and dip length
of the Barney Zone.


Following drilling on the Barney Zone, TerraX will be drilling several holes on
the Crestaurum zone to complete a program that began in April of this year in
areas of historical holes drilled between 1945 and 1947. TerraX plans on
leveraging historical exploration data to continue defining the extent and
controlling structures of known mineralization on the Crestaurum and Barney
shears, with the potential of establishing a modern resource estimate for both
deposits this year. As well, ongoing field exploration (see June 17, 2014 News
Release) will generate and prioritize targets for future drill programs on the
multiple shears identified during TerraX's 2013 exploration program and over 70
years of historical exploration records.


About the Yellowknife City Gold Project

The Yellowknife City Gold Project (YCPG) encompasses approximately 8,400
hectares of contiguous land immediately north of the City of Yellowknife in the
Northwest Territories and includes TerraX's wholly-owned Northbelt property
acquired in February 2013.


The project lies on the prolific Yellowknife greenstone belt, and covers 15 km
of strike length on the northern extension of the shear system that hosts the
high-grade Con and Giant gold mines. The project is host to multiple shears that
are the recognized hosts for gold deposits in the Yellowknife gold district and
contains innumerable gold showings and historic high grade drill results. Since
January 2013, TerraX has consolidated the project area by acquiring and
optioning numerous properties, including: Northbelt, Goodwin, Ryan Lake, Walsh
Lake, and U-Breccia, as well as staking additional contiguous lands. Being
all-season road accessible and within 15km of the City of Yellowknife, YCPG is
close to vital infrastructure, including: supplies, service providers, power,
water, and skilled tradespeople. 


For more information on TerraX Minerals and the Yellowknife City Gold Project,
please visit our web site at www.terraxminerals.com. 


On behalf of the Board of Directors

Joseph Campbell, President  

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 information, which involves known and
unknown risks, uncertainties and other factors that may cause actual events to
differ materially from current expectation. Important 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 expectations are disclosed in
the Company's documents filed from time 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 otherwise.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Paradox Public Relations
514-341-0408
Toll Free: 1-866-460-0408
info@paradox-pr.ca


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