TerraX Minerals Inc. (TSXV:TXR) entered into a purchase agreement to acquire additional claims at Yellowknife City Gold Project for CAD 7,350 in stock on January 20, 2016. Under the terms, TerraX will issue 0.03 million common shares as consideration. The common shares will be subject to a four-month hold period in accordance with applicable securities law. The deal is subject to acceptance for filing by the TSX Venture Exchange.

TerraX Minerals Inc. (TSXV:TXR) completed the acquisition of additional claims at Yellowknife City Gold Project during the year ended January 31, 2016.