Jaxon Mining Inc. announced it has completed the fourth and fifth holes (NET21-04, 357 m in length, 255°/-45° and NET21-05, 97.8 m in length, 282°/-66.5°) at Daisy North Contact Zone at the Netalzul Mt project on the Hazelton Property near Smithers, B.C. Both NET21-04 and NET21-05 intersected sulfide quartz veining mineralization and disseminated sulfide monzonite porphyry dykes associated with mineralization at Daisy North Contact Zone. Daisy North Contact Zone extends more than 1,200 m (1.2 km) along strike as indicated on surface by outcrops and artisanal workings. The drill core in both holes exhibit patterns of alteration increasing with proximity to the monzonite porphyry dykes and with depth. These results are indicative of the presence of the deeper porphyry system that the Company has been targeting. Geological modeling indicates that the monzonite porphyry dykes were generated by the target porphyry system. The Company's comparative geological models are being updated to increase the precision of the vectoring exercise in advance of drill testing the porphyry (https://bit.ly/2TSGBqJ). Hole NET21-04 intercepted two disseminated sulfide monzonite porphyry dyke zones from 39.5 m to 41.0 m and from 152.7 m to 176.3 m; and one high-grade silver-copper-antimony polymetallic sulfide-quartz vein zone from 313.0 m to 323.0 m at the Daisy North Contact Zone. Hole NET21-05 drilled only 97.8 m due to a heavily broken faulted zone but intersected one disseminated sulfide monzonite porphyry dyke zone from 33.6 m to 46.6 m and one sulfide quartz veining zone from 62.0 m to 67.0 m from the same drill pad as NET21-04, with a 282-degree north-west orientation and -66.5-degree dip angle. Highlights of core logging and portable XRF (X-Ray Fluorescence Analyzer) scanning results from NET21- 04 and NET21-05 core: Monzonite Dyke Porphyry Mineralization Zones: Both NET21-04 and NET21-05 intersected disseminated sulfide mineralized monzonite porphyry dykes. The monzonite porphyry dyke zone from 152.7 m to 176.3.0 m at NET21-04 contains disseminated sulfides minerals consisting of more than 20 small (several cm to 1-2 m in width) dykes, with strong potassic feldspar, chlorite, muscovite, secondary biotite and sericite alteration. The sulfide minerals consist of mainly chalcopyrite, pyrite and molybdenite based on the portable XRF testing results in the field. The XRF analyzer at 164.1 m within this zone revealed the existence of Cu element and may represent chalcopyrite and pyrite. Two relatively large monzonite dykes were observed, one spanning one metre from 164.0 m to 165.0 m, and the other from 172.0 m to 174.0 m. The monzonite porphyry zone from 33.6 m to 46.6 m at NET21-05 contains two disseminated sulfide monzonite dykes and one two-metre granodiorite dyke. The mineral composition is the same as NET21-04, consisting of chalcopyrite, pyrite and molybdenite. XRF analyzer scanning revealed a high percentage of Cu element and may mainly represent chalcopyrite. This monzonite dyke zone may extend to the NET21-04 hole where it spans 1.5 m wide from 39.5 m to 41.0 m. A clear trend of increasing potassic alteration can be observed in proximity of the monzonite dykes visible in the NET21-04 and NET21-05 cores. It is expected that these small monzonite dykes at the Pad 4 area at Daisy North Contact Zone are derived from one large stock at depth. High-grade sulfide quartz veining zone: This zone occurs from 313.0 m to 323.0 m at NET21-04 which includes multiple 5 cm to 15 cm thick sulfide-quartz veins with tetrahedrite, chalcopyrite, pyrite, galena, sphalerite and stibnite, etc. The zone is strongly potassic altered with chlorite, sericite and secondary biotite. Sulfide minerals exist in quartz veins, sulfides veins, or are partially disseminated. Three spot counts at 316.8 m within this zone returned over 296 g/t Ag, 6000 ppm Cu, 2300 ppm Sb and 950 ppm Zn, mainly from tetrahedrite minerals and chalcopyrite. A five-metre sulfide quartz veining zone from 62.0 m to 67.0 m at NET21-05 presents good Cu and Mo mineralization potential. These sulfide quartz veining zones are being incorporated into the Company's conceptual resource modelling work; and their commercial potential will be assessed. Detailed logging of NET21-04 and NET21-05 is currently underway. The rig has been moved to Pad 6 and NET21-06 has been drilled to 181.0 m. The drill has intercepted multiple intense alteration and strong mineralized sulfide quartz veining zones from 52.0 m to 62.0 m, from 105.5m to 109.5 m and from 161.0 m to 175.5 m. The Company's surface mapping and modeling predict the drill should intersect more high-grade sulfide quartz veining zones as NET21-06 testing continues.