TXR Terrax Minerals Inc

TerraX Minerals Inc. (TSX VENTURE:TXR)(FRANKFURT:TX0) has entered into an option
agreement whereby it can acquire a 100% interest in the Walsh Lake property,
which is contiguous with and immediately east of its Northbelt property in the
Yellowknife area of the Northwest Territories, Canada. The Walsh Lake property
consists of seven leases and five claims totaling 6,659 acres (26.95 sq km).
Historical exploration on the property has produced grab samples as high as 150
g/t Au and drill intersections as high as 15.85 m @ 2.59 g/t Au. 


During due diligence field work conducted during September 2013 TerraX visited
eleven different showings on the Walsh Lake property, sampling trenches and
exposed showings. Gold results ranged from below detection to a chip sample of 1
m @ 30.8 g/t Au, with each showing returning at least one anomalous (greater
than 100 ppb Au) sample. Results confirm that anomalous to significant gold
concentrations are widespread on the property. TerraX's sampling produced chip
sample assays as high as 6 m @ 7.29 g/t Au. Highlights of this field work are
summarized in the following table. A map showing the location of the Walsh Lake
property and the location of the sampling referenced below is available on our
web site at www.terraxminerals.com. 


Results of TerraX's September 2013 Surface Sampling, Walsh Lake Property 



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Showing                                            Length (m)       Au (g/t)
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Sam Otto                                                  5.0           1.90
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Mispickel Island                                          4.0           3.55
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Mispickel Island                                          6.0           7.29
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including                                                 1.0          30.80
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Samex                                                     4.0           6.20
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including                                                 1.0          22.30
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Nib Central                                               4.0           1.51
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Nib North                                                 3.0           1.45
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The Walsh Lake property is underlain by Archean felsic volcanics and sediments.
The structural regime on the Walsh Lake and Northbelt properties appears to be
similar, with gold on the Walsh Lake property occurring in subvertical, NNW to
NNE trending shear zones and associated quartz veins and biotite or sericite
schists. TerraX can acquire a 100% interest in the Walsh Lake property over a
four year period by making option payments totaling $90,000 ($5,000 on signing
and $10,000 on the first anniversary of signing), issuing 260,000 shares (30,000
shares in the first year) and funding $400,000 of exploration expenditures
($25,000 in the first year). The vendor will retain a 2% NSR, of which 1.5% can
be purchased by TerraX for $2 Million.  


TerraX has not completed a detailed compilation of the property, but as part of
its due diligence has reviewed several reports and spent two days in September
2013 collecting samples from trenches and showings. The property has been
intermittently explored since the 1930's, including campaigns by Barrick Gold,
Rubicon Minerals, Inmet Mining, and Nebex Resources Ltd. This previous
exploration activity has included prospecting, mapping, soil geochemistry,
airborne geophysics, Induced Polarization (ground geophysics), excavation of
numerous trenches, and the drilling of at least 101 drill holes. Numerous
anomalous trench and drill hole intersections have been reported, with
highlights summarized in the following tables: 


Results of Historical Grab and Trench Sampling, Walsh Lake Property



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Showing                                            Length (m)       Au (g/t)
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Sam Otto (Trench 6)                                       1.5           6.00
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Sam Otto (Trench 8)                                       1.0           4.70
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Samex Island                                              2.4           8.98
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Nib North (Trench NN-8)                                  1.06          15.17
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Nib North (Trench NN-9)                                  3.04           3.45
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Mispickel Island                                         1.10           8.98
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Mos                                                      Grab          150.0
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Historical Drill Intersections, Walsh Lake Property



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Showing                                Drill Hole     Length (m)    Au (g/t)
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Sam Otto                                    W89-1          15.85        2.59
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Sam Otto                                    W89-2          29.96        1.11
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Sam Otto                                    W93-1          10.08        3.09
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Sam Otto                                    W95-2           4.16        5.17
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Sam Otto                                WLP-00-02           11.5        2.47
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Sam Otto North                             W95-31           2.40        7.00
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Sam Otto North                              W97-6           1.84        8.31
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Sam North                                  W95-12           3.35        6.11
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Dave's Pond                                W95-29           4.75        5.61
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Dave's Pond                                W95-33           1.60       11.81
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Mispickel Northwest                         W97-4           2.50        3.50
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TerraX plans to undertake a detailed compilation of previous work prior to
formulating an exploration plan for the Walsh Lake property. 


The technical information contained in this news release has been approved by
Tom Setterfield, Vice President Exploration of TerraX, who is a Qualified Person
as defined in "National Instrument 43-101, Standards of Disclosure for Mineral
Projects." 


The Northbelt gold property encompasses 3,562 hectares on the prolific
Yellowknife belt, 15 km north of the city of Yellowknife, and covers 13 km of
strike on the northern extension of the geology that contained the Giant (7.6
Moz) and Con (5.5 Moz) gold mines. The Northbelt property is host to multiple
shears that are the recognized hosts for gold deposits in the Yellowknife camp
and it contains innumerable gold showings.


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 or Toll Free: 1-866-460-0408
info@paradox-pr.ca


Vanguard Shareholder Solutions
604-608-0824 or Toll Free: 1-866-801-0779
ir@vanguardsolutions.ca

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