Jaxon Mining Inc V.JAX.H

RE:4000m Drill Program Underway

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2021 Drilling Program Netalzul Mt is one of seven distinct projects on the Company's Hazelton Property near Smithers, BC, in the Skeena Arch, a world-class geological setting. Previous commercial mining operations in the greater Skeena Arch area include the Silver Standard deposit, the Equity Silver deposit and the Huckleberry copper porphyry deposit. The Company is currently focused on advancing the Netalzul Mt and Red Springs projects, two drill-ready targets. Highlights of the 2021 Phase One Drilling Program at Netalzul Mt Approximately 4,000 metres, 17 diamond drill holes from six drill pads at Daisy South Adit Zone, Daisy North Contact Zone and Daisy Central Zone Nine drill holes from three pads to test Adit 2 and Adit 1 quartz veins zone to a depth of 50 to 250 metres. Daisy South Adit Zone reported Ag equivalent grades of up to 745 g/t for 2 metres, including Ag grades of up to 486 g/t, Au grades up to 1.40 g/t and Cu grades up to 1.40% at Adit 1 quartz veins zone; and Ag equivalent grades of up to 284 g/t, including Ag grades of up to 186 g/t, Au grades of up to 0.7 g/t and Cu grades up to 0.37% at Adit 2 quartz veins zonehttps://bit.ly/3BII7g4 Six drill holes from two pads will test the multiple high-grade Ag-Cu-Au-Pb-Zn, Mo-W quartz veins and strong altered disseminated sulfides-bearing monzonite porphyry dykes at pads 4 and 5 at Daisy North Contact Zone to a depth of 50 to 300 metres, where Jaxon's 2020 prospecting program reported 2.7 g/t Au and 0.28% Cu quartz veins zone for 2 metres and up to 0.33% Mo, 0.80% W quartz veins zone for 2 metreshttps://bit.ly/2UMDxNo Two drill holes from pad 6 will test the multiple high-grade Ag-Au-Cu-Mo-Pb-Zn quartz veins and fracture-filled sulfides-bearing granite porphyry at Daisy Central Zone to a depth of 50 to 300 metres; 2020 sample A0020734 reported 0.37 g/t Au, 93.39 g/t Ag, 0.07% Cu and 0.11 % Sb quartz veins zone for 3 metres