Yellowknife, Northwest Territories
TerraX Minerals Inc. (TSX-V: TXR; Frankfurt: TX0; OTC Pink: TRXXF) is pleased to announce the appointment of Ms. Elif Lévesque as a director of the Company.
Elif Lévesque has 18 years of experience in finance, treasury and strategic management, including 13 years in the mining industry (exploration, development/construction and operation stage). Since June 2014, she has served as Chief Financial Officer and Vice President Finance of Osisko Gold Royalties Ltd (TSX: OR). Prior to this, Ms. Lévesque was Vice president and Controller of Osisko Mining Corporation and contributed to the financial reporting and planning functions of Osisko from 2008 onwards. She was also a member of the executive team involved in corporate strategy and financing. From 2002 to 2008, she worked at Cambior Inc. which was acquired by Iamgold Corporation in 2006, a leading intermediate gold producer focused on the Americas and Africa. She is a member of the Ordre des Comptables Professionnels Agréés du Québec and holds an MBA with honors from Clark University, Massachusetts, U.S.A.
In conjunction with this appointment, the Company has agreed to grant Ms. Lévesque 250,000 incentive stock options exercisable at $0.25 for a period of two years from the date of grant.
Joseph Campbell, President of TerraX, states, "We are pleased to have Elif join the board of directors of TerraX as Osisko's nominee. Elif comes to TerraX at an exciting time in our development, as we continue to revitalize a major gold mining camp with our recent discoveries at our Yellowknife City Gold project. Elif's similar experience in corporate planning, strategy and financing during Osisko's development of the Malartic Mine in the Val D'Or gold camp will be a great addition to TerraX's management team. I heartily welcome Elif to the board of TerraX."
About the Yellowknife City Gold Project
TerraX is focused on the development of the Yellowknife City Gold Project, which encompasses 99.3 sq km of contiguous land immediately north of the City of Yellowknife in the Northwest Territories. Through a series of acquisitions, TerraX now controls one of the six major high-grade gold camps in Canada - and the least explored.
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 area contains multiple shears that are the recognized hosts for gold deposits in the Yellowknife gold district, with innumerable gold showings and high grade drill results this past year that serve to indicate the project's potential as a world-class gold district. Being all-season road accessible and within 15 km of the City of Yellowknife, the YCG is close to vital infrastructure, including transportation, service providers, hydro-electric power and skilled trades people
For more information on the Yellowknife City Gold Project, please visit our web site at www.terraxminerals.com.
On behalf of the Board of Directors
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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.