New Massive Sulphide Occurrences Identified at Hazelton Property

DGAP-News: Jaxon Minerals Inc. / Key word(s): Miscellaneous New Massive Sulphide Occurrences Identified at Hazelton Property 07.07.2017 / 09:02 The issuer is solely responsible for the content of this announcement. Vancouver, British Columbia--(Newsfile Corp. - July 7, 2017) - Jaxon Minerals Inc. (TSXV: JAX) (FSE: 0U3) ('Jaxon' or the 'Company') is pleased to provide an update on the exploration program at its 100%-owned Hazelton Ag-Au-Zn-Pb Project. The company's goal in this first phase is to establish the continuity and extent of previously identified high-grade, stratified massive sulphide beds, which have been historically mapped over an area of roughly one square kilometre.

Jason Cubitt, President of Jaxon Minerals states, 'Our field crews have done a fantastic job exposing both historic and newly discovered massive sulphide beds, and the scale and extent of mineralization at surface is incredibly impressive. With initial assay results soon to be received, I am excited by our progress.'

Highlights:

• New Discoveries
• Airborne Geophysics Survey Assessment
• IP (Induced Polarization) & Mise a la Masse Survey Plan
• 122 Rock Samples Received by Assay Lab
• Structural Geologist engaged

New Discoveries

Several new significant massive sulphide occurrences have been identified at the Max Zone - both stratiform and feeder/breccia systems to the overlying stratiform mineralization. The new showings and eight newly-discovered extensions to existing historical showings (along both strike and adjacent bedding) are distributed on the hillside from elevations of 539 metres to 753 metres (214 metres vertical extent) and over approximately 1000 metres lateral extent.

VTEM Survey Assessment

As previously reported, Jaxon recently acquired historic data from an airborne resistivity/magnetics survey flown in 2012. Jaxon commissioned Condor Consulting Inc. to carry out processing and analysis of the EM and resistivity data on the 454 line-kilometre survey to assist in targeting at depth the highly-mineralised VMS showings found on surface at the Max and Knoll zones.