Jaxon Awaits Assay Results at Hazelton

Vancouver, British Columbia--(Newsfile Corp. - July 26, 2017) - Jaxon Minerals Inc. (TSXV: JAX) (FSE: 0U3) is pleased to announce the company has finished channel sampling of massive sulphide lenses, veins and breccias at three separate elevation zones - mainly the 742, 685 and 550 elevations on the Max target hillside. A total of 213 1-metre channel samples and 94 grabs samples have been collected and submitted to MS Analytical for analysis. The Company expects to receive and release the first batch of assays shortly.

The company has identified seven other areas of interest from 2017 field observations, historical soils samples, and the recent interpretation of the VTEM geophysics at the Hazelton Project, which has been expanded to 33,784 hectares, located 45 kilometres north of Smithers in British Columbia, Canada. The company now has four prospecting teams investigating and sampling these areas for outcrop and mineralization. These areas are outside of the Max target area at Hazelton.

The company has also been informed that its contracted 3D Induced Polarization (IP) Geophysical survey team is expected to mobilize to the Max target shortly.

The structural mapping geologist contracted by Jaxon has completed his mapping program at the Max target and is preparing his report in support of future interpretation of the IP survey results and future drill hole targeting.

Technical information in this news release has been compiled and reviewed by Derrick Strickland, P. Geo, a qualified person as defined in National Instrument 43-101.

About Jaxon

Jaxon is a base and precious metals exploration company with a regional focus on Western Canada. The company is currently focused on advancing its Hazelton Project in north-central British Columbia and the Wishbone/Foremore property in BC's Golden Triangle.

ON BEHALF OF THE BOARD OF DIRECTORS JAXON MINERALS INC.

'Jason Cubitt' Jason Cubitt, President.

For further information regarding Jaxon Minerals Inc., please contact Jason Cubitt at 604-608-0400, Toll free: 1-877-608-0007.

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. Neither TSX Venture exchange nor its Regulations Services Provider (as that term is defined in the policies of the TSX Venture Exchange accepts responsibility for the adequacy or accuracy of this release

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