Targeting

Canadian

Gold

Deposits

This presentation may contain “forward-looking statements” which reflect the Company’s current expectations regarding the future results of operations, performance and achievements of the Company, including potential property acquisitions, the timing, content and results of work programs, geological interpretations and potential mineral discoveries, and negotiation and closing of future financings. The statements reflect the current beliefs of the management of the Company and are based on currently available information. Accordingly, these statements are subject to known and unknown risks, uncertainties and other factors which could cause the actual results, performance, or achievements of the Company to differ materially from those expressed in, or implied by, these statements.

In addition, investors are cautioned that this presentation may contain information about mineral properties adjacent to or near the Company’s properties and in which the Company has no right or interest. Mineral deposits on such adjacent or near properties are not indicative of the mineral deposits, if any, which may be found on the Company’s properties.

Common Shares: 25,434,131

Options: 2,195,000

Warrants: 6,379,701

Fully-diluted: 34,008,832

Held by Management: 14.5%

Cash Position: $1.48 Million

CAPITAL STRUCTURE(August 31, 2011)

ManagementTechnical Team

Joseph Campbell, P. Geo - President- 30 years of experience in the exploration and mining business on a variety ofdeposit types including: - Project Manager for development of Meliadine (Agnico Eagle) a 5 Moz gold resource in Nunavut to feasibility level including mineable reserve estimation,production rates and schedules, Cap Ex/Op Ex for process, mining and G&A.

- Evaluated Au potential along a known Au trend in Ontario with recommendeddrilling resulting in a NI 43-101 ore resource report on a 500,000 oz Au deposit

- Study Manager for a resource estimate on El Abra porphyry Cu deposit in Chile - Chief Geologist for 250 Mt tonne Nickel laterite deposit in Cuba (Pinares)

Dr. Thomas Setterfield, P. Geo – VP Exploration and Director- 30 years of international experience in exploration and mining including:- Ph.D from Cambridge University – Cambridge, England (1991) - Expert in IOCG, Epithermal Au and VMS deposit types- Consultant to QGX Ltd. for Golden Hills VMS deposit in Mongolia- VP Exploration for Monster Copper from 2002 to takeover by Mega Uranium

STEWART – BURIN PENINSULA NEWFOUNDLAND• Extensive pyrite mineralization and alteration +800 meters across strike

and +6 km along strike with anomalous gold and copper• 2010 mapping discovers high grade epithermal gold/silver

mineralization on Forty Creek showing - 59 g/t Au and 2290 g/t Ag• Large, high intensity Titan IP anomaly over 2.5 km strike• Currently drilling 3000 meter program targeted on Titan IP

ATIKOKAN ONTARIO• Three gold properties in the Marmion Batholith area of northwest

Ontario:• Within 12 km and in Similar Geological Setting to Osisko 6.7M oz

Hammond Reef gold deposit • Two drilling campaigns in 2010-11 intersect gold over up to 2 km strike

along anomalous gold structures• Drilling planned for Q4 of 2011

PROPERTIES

Stewart Property

Location Map

Prospecting and Mapping• Mapping of the Alteration and Mineralization reported to be similar to

Oyu Tolgoi porphyry style Au-Cu mineralization (Hedenquist Report 2009) increases to 6km strike length

• Discovery of Forty Creek Showing 2 km North East of Known Epithermal Au mineralization 59 g/t Au, 2290 g/t Ag

Soil Sampling• Soil sampling outlines 725m wide Au anomaly over Stewart showing

Property Acquisition• Property Staking to the Northeast and Southwest along Confirmed Strike

of Alteration Zone• Property increased from 38 km2 to 60.5 km2

Summary of Fall 2010 Work on Stewart

Titan IP Survey • Survey over 2.5 km within Known Alteration and Mineralization of 6km

(East of Stewart Showing to West of Bat Zone)• 2.5km long large High Intensity Chargeability Anomaly• Smaller shallow anomaly over Stewart showing (63m of 0.25 g/t Au in

drilling) and VinJer trench (0.10 g/t Au over >200m) • Much larger buried IP Anomaly adjacent to Known Mineralization

Soil Sampling August 2010• Large Cu and Au anomalies over Surface Titan IP Chargeability Anomaly

Airborne Magnetics• Expansion of Magnetic Signature associated with Alteration Trend to areas

staked in 2010• Structural connection between Alteration Trend and 40 Creek Showings

Summary of Winter 2011 Work on Stewart

MAY 2011Field Mapping and Prospecting:

o Identified High Temperature Alteration minerals Diaspore and Topaz as Vector to Possible Ore

o Identified Mineralization in Areas with Soil Anomalies and Areas with Magnetic Structures

o Spotted Drill Collar Locationso Expanded Forty Creek Showing with samples up to

13.3 g/t Au and 670 g/t Ag and 1% Zn, 0.5% Pb

AUGUST – OCTOBER 2011Phase 1 Drilling of Titan IP Anomalies Commenced August 11 (3000 meters planned)Drill Hole ST11-01 completed August 22nd to 440m , with Sulphide Mineralization and Alteration for 433mDrill Hole ST11-02 completed September 8th to 585m with Sulphide Mineralization and Alteration to EOH

Q2-Q4 2011 TerraX Stewart Work

Area of Alteration in Next Slide

Forty Creek Showing 59g/t Au, 2290 g/t Ag

&13.3g/t Au, 670 g/t Ag

Area Next Slide

ST11-01

ST11-02

Longitudinal Section of Stewart Titan IP (2.5km)

Stewart Property VinJer Trench

>200m @ 0.10 g/t Au

ST11-01ST11-02

Drill Hole S11-01 VinJer Trench Area

PYROPHYLLITE ALTERATION

SILICA FLOODING

ST11-01 99m TYPICAL MINERALIZATION

QUARTZ VEIN WITH BLEBBY CHALCOPYRITE

ST11-01 153M TYPICAL MINERALIZATION

ST11-01 342m TYPICAL MINERALIZATION

ILLITE ALTERATION

CHLORITE ALTERATION

Drill Hole ST11-02 Bat Zone Area

PYROPHYLLITE & ILLITE

ALTERATION

ST11-02 178m TYPICAL MINERALIZATION

ST11-02 269m

ST11-01 348m

ST11-02 567m

ST11-01

ST11-02

3D Model ofHugo Dummett Orebody

at Oyu Tolgoi Projectand

TerraX Stewart IP Anomaly (to scale)

SOURCE: IVANHOE MINES LTDINVESTMENT BROCHUREAPRIL 2011

Investment Highlights

COMPANY ADVANTAGES•Low capitalization – only 34 million shares issued (fully diluted) •Experienced management with proven exploration success•Strong portfolio of gold projects in Ontario and Newfoundland

with excellent infrastructure and local support

STEWART PROPERTIES• Oyu Tolgoi type Au-Cu Target• Large Titan IP Anomalies Associated with Known Au and Cu on Surface

and in Historical Drilling • Drilling Summer-Fall 2011 with 2 Holes Displaying Extensive

Mineralization and Alteration

ATIKOKAN PROPERTIES• Hammond Reef Style Drill Intersections – 1.1 g/t Au over 13.9 m• High grade Drill Intersections – 15 g/t Au over 1.10 meters

(Blackfly) & 10.96 g/t over 2.0m (Blackfly North)• 10 kilometers long Hammond Reef type Targets • 50m Wide Mineralized Zone Exposed in Trenching at WN2• Drilling Planned for Q4 2011

Tel: 1 (613) 843-8109

E-Mail: info@terraxminerals.com

www.terraxminerals.com

TSX-V: TXR

Sunbeam DrillingRoad Zone

• 1.11 g/t Au over 13.9m in Hammond Reef style mineralizationAL198 Zone

• 0.98 g/t Au over 5.63m in Hammond Reef style mineralization• Road Zone and AL198 form 2km long mineralized zone

Roy Zone • 0.67 g/t Au over 14.70m in Hammond Reef style mineralization

Blackfly Drilling • 1 g/t Au over 8.3m in Hammond Reef style mineralization• 15.1 g/t Au over 1.1m in Blackfly vein• 10.96 g/t Au over 2.0m in Blackfly NE Quartz Diorite (VG)

Summary of Blackfly Drilling Fall 2010

Q1 2011DRILLING

Q2 2011 TRENCHING 50m WIDE ZONE OF MINERALIZATION