Vancouver, British Columbia--(Newsfile Corp. - September 21, 2018) - Jaxon Mining Inc. (TSXV: JAX) (FSE: 0U31) (OTC: JXMNF) is
pleased to announce that it has arranged a non-brokered private placement of up to 5,833,333 units at $0.12 per unit for gross
proceeds of $700,000 and 2,000,000 flow-through units at $0.15 for gross proceeds of $300,000.
Each unit will comprise of one common share and one-half common share purchase warrant. Each whole purchase warrant will entitle
the holder to purchase one common share at $0.20 per share for the non- flow-through units and $0.24 per share for the flow-through
units. The warrants will have 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 for general working purposes and general advancement of the Hazelton property.
About Jaxon
Jaxon is a precious and base 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 More Creek Project (consolidating the Wishbone
and Foremore properties) in BC's Golden Triangle.
ON BEHALF OF THE BOARD OF DIRECTORS
JAXON MINING INC.
"John King Burns"
John King Burns, Chairman
For further information regarding Jaxon Mining Inc., please call 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.
