Private Placement of 750,000 Units

TERRAX MINERALS INC.

Suite 1400 – 400 Burrard Street Vancouver, B.C.

V6C 3G2

Tel : (604) 689-1749

March 18, 2010 Symbol: TXR

NEWS RELEASE

Private Placement of 750,000 Units

TerraX Minerals Inc. has agreed to a non-brokered private placement of 750,000 units at a price of $0.20 per unit for gross proceeds of $150,000. Each unit will be comprised 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 for a period of two years from the date of issue.

This placement is subject to acceptance for filing by the TSX Venture Exchange.

On behalf of the Board of Directors

“STUART ROGERS”

Stuart Rogers Director

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.