Jaxon Mining Inc. announced that further to its news releases dated March 10, 2022 and January 26, 2022, planning has begun for the 2023 field season at the Kispiox Mountain and Blunt Mountain projects. The 2023 work programs will build upon initial work the Company conducted in 2021 and include additional rock and soil sampling, mapping the extent of the multiple sampled antimony mineralization zones, and using portable rigs to drill test near surface antimony targets. The objective of the programs is to generate an antimony-focused geological model that can be utilized to further visualize the geological controls on the antimony mineralization.

The conceptual geological model will be used to organize and focus additional work programs, and to develop large, deeper drill targets for future, potential resource delineation. Based on 2021 sampling results, the field team will test the antimony-gold polymetallic targets the Company has developed around the locations of historical drill pads where Noranda drilled a total of 378 m across six shallow holes in 1986 and 1987. It is the Company's view that Noranda's holes were drilled parallel to the dip of the SbAu polymetallic mineralization, hitting the footwall and missing the intended target.

A high-grade Sb-Au-Ag-Pb-Zn-Au massive sulfide mineralization zone up to 1.5 km long and 2-5 m wide was confirmed with surface rock and chip sampling at Blunt Mountain in 2021. Backpack drill rigs will be used to test the shallow and near surface Sb mineralization at both Kispiox Mountain and Blunt Mountain projects. The field team is expected to be deployed to Kispiox Mountain and Blunt Mountain in early June 2023, subject to availability of equipment and weather constraints.