Vancouver, British Columbia--(Newsfile Corp. - July 18, 2017) - Jaxon Minerals Inc. (TSXV: JAX) (FSE: 0U3) is pleased to
announce that it has arranged a non-brokered private placement of up to 1.5 million units at a price of $0.30 per unit for gross
proceeds of up to $450,000. Each unit will comprise one common share and one-half common share purchase warrant. Each whole share
purchase warrant will entitle the holder to purchase one common share at $0.35 per share with an expiry date of two years from the
closing of the private placement. A finder's fee commensurate with TSX Venture Exchange policies will be paid where applicable.
The funds raised will be used to continue field exploration of the company's Hazelton Project (formerly Price Creek) and
continue data compilation in anticipation of fieldwork on the company's Wishbone/Foremore Project and for general working capital
purposes.
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.
