Vancouver - Jaxon Mining Inc. (TSXV: JAX) (FSE: 0U31) (OTC Pink: JXMNF) ('Jaxon' or the 'Company') is pleased to announce the results from the porphyry monzonite dating and zircon analysis studies from the Netalzul Mountain project.

The geochronology study reveals the high-grade porphyry monzonite Cu mineralization (up to 1.47% Cu) formed approximately 64.41 MA to 61.60 in the Early Tertiary (Paleocene, 66-56 MA) period within two different phases, placing it within the youngest of two main episodes of porphyry formation in the Stikine terrane in British ColumbiaDuring field work in 2021, four monzonite rock samples were collected from surface outcrops and drill cores at the Netalzul Mt porphyry copper project.

U-Pb geochronology of zircon derived from all four monzonite rock samples were conducted by LA-ICP-MS at Nanjing Focums Technology Co. Ltd. in February of 2022. Australian Scientific Instruments RESOlution S-155 laser-ablation system (Canberra, Australian) and Agilent Technologies 7700x quadrupole ICP-MS (Hachioji, Tokyo, Japan) were combined for experiments LA-ICP-MS.

About Jaxon Mining Inc.

Rich in large-scale geological targets/assets, Jaxon has seven porphyry system targets on its 100% controlled Hazelton property, an interconnected network of concessions spanning 700 km2 in the Skeena Arch in northwest British Columbia, Canada. The Skeena Arch is an exceptionally orogenic and metallogenic setting, geochronologically suitable to host preserved porphyries.

Jaxon pursues the discoveries of deeper, under cover, commercial scale and grade Cu, Au, Ag, polymetallic porphyry epithermal systems associated with distal mineralized, propylitically altered zones nearer to surface. Jaxon's team is made up of experienced model-driven explorationists. Geochemical, geophysical and structural data is collected and integrated to generate 3D models to assist in the visualization and projection of the location of targeted porphyry systems.

Netalzul Mt is Jaxon's most advanced target, the priority of seven identified porphyry epithermal system targets at Hazelton. Red Springs is the second target being prepared for drill testing. The five other targets are in various advancing stages of exploration.

Contact:

Kaye Wynn Consulting

Tel: 604-558-2630

Email: info@kayewynn.com

This news release may contain forward-looking information, which is not comprised of historical facts. Forward-looking information involves risks, uncertainties and other factors that could cause actual events, results, performance, prospects and opportunities to differ materially from those expressed or implied by such forward-looking information. Forward-looking information in this news release may include, but is not limited to, the Company's objectives, goals or future plans. Factors that could cause actual results to differ materially from such forward-looking information include, but are not limited to, those risks set out in the Company's public documents filed on SEDAR. Although the Company believes that the assumptions and factors used in preparing the forward-looking information in this news release are reasonable, undue reliance should not be placed on such information, which only applies as of the date of this news release, and no assurance can be given that such events will occur in the disclosed time frames, or at all. The Company disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, other than as required by law.

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