News Releases

TerraX Minerals Inc. has closed the previously announced non-brokered private placement of 1,000,000 units at a price of $0.20 per unit. Due to demand, the placement was increased to 1,325,000 units for gross proceeds of $265,000.

Each unit will consist of one common share and one share purchase warrant, with each warrant entitling the holder to purchase an additional share at an exercise price of $0.25 per share until October 20, 2011. The shares and any shares acquired on the exercise of warrants will be subject to a hold period expiring on February 21, 2010. A finder's fee of $18,000 was paid with respect to a portion of this placement.

On behalf of the Board of Directors


Stuart Rogers

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.
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