Vancouver, British Columbia--(Newsfile Corp. - October 5, 2018) - Jaxon Mining Inc. (TSXV: JAX) (FSE: OU31) (OTC: JXMNF)
("Jaxon" or the "Company") is pleased to announce that it has engaged Purple Crown Communications Corp. ("Purple Crown") to serve
as an investor relations consultant to the Company. Purple Crown will assist the Company to broaden its shareholder base and create
effective tools for communicating with shareholders and potential investors.
As compensation, the Company has agreed to pay Purple Crown $5,000 per month for an initial three month term. Except for the
investor relations services agreement, Purple Crown does not have any interest in the Company or its securities. The engagement of
Purple Crown as an investor relations consultant to the Company is subject to the acceptance of the TSX Venture Exchange.
Additionally, the Company announces a correction to its news release issued on July 20, 2018. Reference in that news release to
announce "The Company closed on 2,000,000 units at a price of $0.12 for additional gross proceeds of $240,000" should read "The
Company closed on 1,100,000 units at a price of $0.12 for additional gross proceeds of $132,000". The aggregate subscription of the
Offering was 4,059,500 units sold at a price of $0.12 to raise gross proceeds of $487,140.
About Purple Crown Communications Corp.
Purple Crown Communications Corp. is a full service investor relations and communications firm in Vancouver, driven by
delivering results to their clients. With over 25 years of combined industry experience, Purple Crown has cultivated extensive
relationships in the investment industry as well as the knowledge to effectively communicate their client's message to targeted
investors.
About Jaxon Mining Inc.
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 British Columbia's Golden Triangle.
ON BEHALF OF THE BOARD OF DIRECTORS
JAXON MINING INC.
"John King Burns"
John King Burns, Chairman
For Investor Relations enquiries for Jaxon Mining Inc., please call 604-609-6152,
and for Corporate enquiries, please call 604-608-0400, or 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.
