Vancouver, British Columbia--(Newsfile Corp. - August 28, 2017) - Jaxon Minerals Inc. (TSXV: JAX) (FSE: 0U3) is pleased to be
moving ahead with its name change to "Jaxon Mining Inc." and share split on the basis of 1.25 new common shares for every existing
common share. The effective date of the name change and split will be August 30, 2017.
Shareholders of record will receive a letter from Computershare, the Company's transfer agent with instructions for obtaining
share certificates representing the new name. Beneficial shareholders holding their Jaxon shares through a brokerage account, will
generally not have to do anything, as the brokerage firm will update account holdings automatically. Holders of Jaxon share
purchase warrants do not need to exchange their warrants, as on its warrant register, the Company will automatically update the new
number of warrants held by each holder with adjusted exercise price. Warrantholders may contact the Company if they need additional
information about the effect of the split.
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 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
