TSXgroup

July 2, 2008

TERRAX MINERALS INC. ("TXR")
BULLETIN TYPE: New Listing-IPO-Shares
BULLETIN DATE: July 2, 2008
TSX Venture Tier 2 Company

The Company's Initial Public Offering ('IPO') Prospectus dated May 26, 2008, has been filed with and accepted by TSX Venture Exchange, and filed with and receipted by the British Columbia and Alberta Securities Commissions on May 29, 2008, pursuant to the provisions of the British Columbia and Alberta Securities Acts.

The gross proceeds received by the Company for the Offering were $900,000 (3,600,000 common shares at $0.25 per share). The Company is classified as a 'mining' company.

Commence Date: At the opening July 3, 2008, the Common shares will commence trading on TSX Venture Exchange.

Corporate Jurisdiction: British Columbia

Capitalization: Unlimited common shares with no par value of which 9,005,000 common shares are issued and outstanding.
Escrowed Shares: 2,300,000 common shares

Transfer Agent: Computershare Investor Services Inc.
Trading Symbol: TXR
CUSIP Number: 88103X 10 8

Lead Agent: Research Capital Corporation
Co-Agents: Union Securities Inc.
Bolder Investment Partners, Ltd.
Leede Financial Markets Inc.

Agents' Warrants: 360,000 non-transferable share purchase warrants. One warrant to purchase one share at $0.25 per share up to 18 months from the date of listing.

For further information, please refer to the Company's Prospectus dated May 26, 2008.

Company Contact: Stuart Rogers
Company Address: 1400 - 400 Burrard Street, Vancouver, BC V6C 3G2

Company Phone Number: (604) 689-1749
Company Fax Number: (604) 643-1789
Email: westoak@direct.ca