Jaxon Mining : Confirms Additional High-Grade Silver Polymetallic Mineralization at Historical Artisanal Workings #3 at Netalzul Mountain

Canada - Jaxon Mining Inc. (TSXV: JAX, FSE: OU31, OTC: JXMNF) ('Jaxon' or the 'Company') is pleased to confirm that additional high-grade silver polymetallic mineralization has been discovered at the third artisanal workings site at Netalzul Mountain.

The BC Ministry of Energy and Mines estimates the workings date back to the first half of the 20th century, and no recorded information referencing the workings has been found to date.

In 2010, a high grade polymetallic sample (NATMR006) was documented in BC Geological Survey Assessment Report #32043 (2010), and reported assay results of > 10,000 ppm Cu, > 10,000 ppm Pb, > 100 ppm Ag, 2597.9 ppb Au, and > 2000 ppm Sb. Both the current and historical samples were taken from the area surrounding the contact/fault-controlled shear zone.

13 grab and chip samples were collected from the contact/fault zone and in the direction of the contact/fault zone strike. Assay results confirm the presence of high-grade silver polymetallic mineralization. The mineralization is strongly structure controlled by either a large contact or fault shear zone between the Jurassic Bowser Lake hornfels and the Blunt Mountain granite intrusive or within the Blunt Mountain granite intrusive itself.

About Jaxon Mining Inc.

Jaxon is a precious and base metals exploration company with a regional focus on Western Canada. The Company is currently focused on advancing the Red Springs Project at its 466 km2 Hazelton Property located near Smithers in northwestern British Columbia. In addition to Red Springs, Hazelton hosts three other areas of interest (AOIs): Blunt Mountain, Max and Netalzul Mountain.

Contact:

Kaye Wynn Consulting

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