TerraX Minerals Inc. announced that it has entered into an agreement with Gold Matter Corporation. In connection with, and effective upon completion of, the Acquisition, the Company has agreed to appoint Gerald Panneton, founder of Detour Gold, as the company's Executive Chairman and Louis Dionne, Director. Mr. Dionne is a highly regarded mining engineer and original team member at Detour Gold. Mr. Panneton is expected to provide strategic leadership to the company. To further incentivize Mr. Panneton to drive value for the Company's shareholders over the medium to long term, he has agreed to make an equity investment (the Investment) in TerraX on the same terms as the last financing completed by the Company in June 2019, subject to a statutory four month and one day hold period, for proceeds to the Company of $360,000, expected to be completed concurrently with the Acquisition. To accommodate additional demand, the Company has agreed to accept additional subscriptions on the same terms as Mr. Panneton's investment up to a maximum of $2 million, on a non-brokered private placement basis.