This presentation discusses TerraX Minerals' gold exploration projects in Canada. It summarizes drilling results from the Company's Stewart property in Newfoundland that indicate extensive gold and copper mineralization and alteration over hundreds of meters, similar to the giant Oyu Tolgoi deposit. It also summarizes drilling on the Company's Atikokan properties in Ontario that have intersected Hammond Reef-style and high-grade vein-hosted gold mineralization over several kilometers. The Company has a low market capitalization and experienced management team exploring these prospective projects. Drilling will continue testing geophysical targets at Stewart and follow up on results at Atikokan through the remainder of 2011.

1. Targeting
Canadian
Gold
Deposits

2. This presentation may contain “forward-looking statements” which reflect the
Company’s current expectations regarding the future results of operations,
performance and achievements of the Company, including potential property
acquisitions, the timing, content and results of work programs, geological
interpretations and potential mineral discoveries, and negotiation and closing of
future financings. The statements reflect the current beliefs of the management of
the Company and are based on currently available information. Accordingly, these
statements are subject to known and unknown risks, uncertainties and other factors
which could cause the actual results, performance, or achievements of the Company
to differ materially from those expressed in, or implied by, these statements.
In addition, investors are cautioned that this presentation may contain information
about mineral properties adjacent to or near the Company’s properties and in which
the Company has no right or interest. Mineral deposits on such adjacent or near
properties are not indicative of the mineral deposits, if any, which may be found on
the Company’s properties.

3. CAPITAL STRUCTURE
(August 31, 2011)
Common Shares: 25,434,131
Options: 2,195,000
Warrants: 6,379,701
Fully-diluted: 34,008,832
Held by Management: 14.5%
Cash Position: $1.48 Million

4. Management
Technical Team
Joseph Campbell, P. Geo - President
- 30 years of experience in the exploration and mining business on a variety of
deposit types including:
- Project Manager for development of Meliadine (Agnico Eagle) a 5 Moz gold
resource in Nunavut to feasibility level including mineable reserve estimation,
production rates and schedules, Cap Ex/Op Ex for process, mining and G&A.
- Evaluated Au potential along a known Au trend in Ontario with recommended
drilling resulting in a NI 43-101 ore resource report on a 500,000 oz Au deposit
- Study Manager for a resource estimate on El Abra porphyry Cu deposit in Chile
- Chief Geologist for 250 Mt tonne Nickel laterite deposit in Cuba (Pinares)
Dr. Thomas Setterfield, P. Geo – VP Exploration and Director
- 30 years of international experience in exploration and mining including:
- Ph.D from Cambridge University – Cambridge, England (1991)
- Expert in IOCG, Epithermal Au and VMS deposit types
- Consultant to QGX Ltd. for Golden Hills VMS deposit in Mongolia
- VP Exploration for Monster Copper from 2002 to takeover by Mega Uranium

5. PROPERTIES
STEWART – BURIN PENINSULA NEWFOUNDLAND
• Extensive pyrite mineralization and alteration +800 meters across strike
and +6 km along strike with anomalous gold and copper
• 2010 mapping discovers high grade epithermal gold/silver
mineralization on Forty Creek showing - 59 g/t Au and 2290 g/t Ag
• Large, high intensity Titan IP anomaly over 2.5 km strike
• Currently drilling 3000 meter program targeted on Titan IP
ATIKOKAN ONTARIO
• Three gold properties in the Marmion Batholith area of northwest
Ontario:
• Within 12 km and in Similar Geological Setting to Osisko 6.7M oz
Hammond Reef gold deposit
• Two drilling campaigns in 2010-11 intersect gold over up to 2 km strike
along anomalous gold structures
• Drilling planned for Q4 of 2011

6. Stewart
Property
Location Map

7. Summary of Fall 2010 Work on Stewart
Prospecting and Mapping
• Mapping of the Alteration and Mineralization reported to be similar to
Oyu Tolgoi porphyry style Au-Cu mineralization (Hedenquist Report
2009) increases to 6km strike length
• Discovery of Forty Creek Showing 2 km North East of Known
Epithermal Au mineralization 59 g/t Au, 2290 g/t Ag
Soil Sampling
• Soil sampling outlines 725m wide Au anomaly over Stewart showing
Property Acquisition
• Property Staking to the Northeast and Southwest along Confirmed Strike
of Alteration Zone
• Property increased from 38 km2 to 60.5 km2

8. Summary of Winter 2011 Work on Stewart
Titan IP Survey
• Survey over 2.5 km within Known Alteration and Mineralization of 6km
(East of Stewart Showing to West of Bat Zone)
• 2.5km long large High Intensity Chargeability Anomaly
• Smaller shallow anomaly over Stewart showing (63m of 0.25 g/t Au in
drilling) and VinJer trench (0.10 g/t Au over >200m)
• Much larger buried IP Anomaly adjacent to Known Mineralization
Soil Sampling August 2010
• Large Cu and Au anomalies over Surface Titan IP Chargeability Anomaly
Airborne Magnetics
• Expansion of Magnetic Signature associated with Alteration Trend to areas
staked in 2010
• Structural connection between Alteration Trend and 40 Creek Showings

9. Q2-Q4 2011 TerraX Stewart Work
MAY 2011
Field Mapping and Prospecting:
o Identified High Temperature Alteration minerals
Diaspore and Topaz as Vector to Possible Ore
o Identified Mineralization in Areas with Soil
Anomalies and Areas with Magnetic Structures
o Spotted Drill Collar Locations
o Expanded Forty Creek Showing with samples up to
13.3 g/t Au and 670 g/t Ag and 1% Zn, 0.5% Pb
AUGUST – OCTOBER 2011
Phase 1 Drilling of Titan IP Anomalies Commenced
August 11 (3000 meters planned)
Drill Hole ST11-01 completed August 22nd to 440m ,
with Sulphide Mineralization and Alteration for 433m
Drill Hole ST11-02 completed September 8th to 585m
with Sulphide Mineralization and Alteration to EOH

10. Forty Creek Showing
59g/t Au, 2290 g/t Ag
&13.3g/t Au, 670 g/t Ag
Area of Alteration
in Next Slide

11. Area Next Slide

12. ST11-02
ST11-01

13. Longitudinal Section of Stewart Titan IP (2.5km)
ST11-02
ST11-01
Stewart Property
VinJer Trench
>200m @ 0.10 g/t Au

14. Drill Hole S11-01
VinJer Trench Area

16. ST11-01 99m TYPICAL MINERALIZATION
PYROPHYLLITE
ALTERATION
SILICA FLOODING

17. ST11-01 153M TYPICAL MINERALIZATION
QUARTZ VEIN
WITH BLEBBY CHALCOPYRITE

18. ST11-01 342m TYPICAL MINERALIZATION
ILLITE
ALTERATION
CHLORITE ALTERATION

19. Drill Hole ST11-02
Bat Zone Area

20. ST11-02 178m TYPICAL MINERALIZATION
PYROPHYLLITE
& ILLITE
ALTERATION

21. ST11-02 269m

22. ST11-01 348m

23. ST11-02 567m

24. ST11-01
ST11-02

25. 3D Model of
Hugo Dummett Orebody
at Oyu Tolgoi Project
and
TerraX Stewart IP Anomaly
(to scale)
SOURCE: IVANHOE MINES LTD
INVESTMENT BROCHURE
APRIL 2011

26. Investment Highlights
COMPANY ADVANTAGES
•Low capitalization – only 34 million shares issued (fully diluted)
•Experienced management with proven exploration success
•Strong portfolio of gold projects in Ontario and Newfoundland
with excellent infrastructure and local support
STEWART PROPERTIES
• Oyu Tolgoi type Au-Cu Target
• Large Titan IP Anomalies Associated with Known Au and Cu on Surface
and in Historical Drilling
• Drilling Summer-Fall 2011 with 2 Holes Displaying Extensive
Mineralization and Alteration
ATIKOKAN PROPERTIES
• Hammond Reef Style Drill Intersections – 1.1 g/t Au over 13.9 m
• High grade Drill Intersections – 15 g/t Au over 1.10 meters
(Blackfly) & 10.96 g/t over 2.0m (Blackfly North)
• 10 kilometers long Hammond Reef type Targets
• 50m Wide Mineralized Zone Exposed in Trenching at WN2
• Drilling Planned for Q4 2011

27. Tel: 1 (613) 843-8109
E-Mail: info@terraxminerals.com
www.terraxminerals.com
TSX-V: TXR

30. Summary of Blackfly Drilling Fall 2010
Sunbeam Drilling
Road Zone
• 1.11 g/t Au over 13.9m in Hammond Reef style mineralization
AL198 Zone
• 0.98 g/t Au over 5.63m in Hammond Reef style mineralization
• Road Zone and AL198 form 2km long mineralized zone
Roy Zone
• 0.67 g/t Au over 14.70m in Hammond Reef style mineralization
Blackfly Drilling
• 1 g/t Au over 8.3m in Hammond Reef style mineralization
• 15.1 g/t Au over 1.1m in Blackfly vein
• 10.96 g/t Au over 2.0m in Blackfly NE Quartz Diorite (VG)

31. Q2 2011 TRENCHING
50m WIDE ZONE OF
MINERALIZATION
Q1 2011
DRILLING