Jaxon Welcomes Zijin Midas Exploration Fund Advisor to Board of Directors

Jaxon Minerals (TSX.V: JAX) (Frankfurt: 0U3) is pleased to announce the appointment of Dr. Yingting (Tony) Guo to its Board of Directors. Dr. Guo is a member of the Technical Committee of the Zijin Midas Exploration Fund, a strategic investor in Jaxon and a subsidiary of Hong Kong listed Zijin Mining Group (HKEX:2899), the Fund’s manager and major investor.

Zijin Mining Group ranks as the largest gold producer in the world by revenue. The Group has made prior significant investments in proximity to Jaxon’s projects, including an $80m investment in Pretium Resources (TSX:PVG) in 2015.

Dr. Guo has over 30 years’ experience in the mining industry. His business expertise includes mineral resource estimation, development, assessment, acquisition and project management. Dr. Guo holds a Bachelor of Science Degree in Geology from the Nanjing University and a Doctoral Degree in Geology and Exploration from the China University of Mining and Technology. He is a registered Professional Geoscientist in the Province of British Columbia, Canada and QP Committee member of the Mining and Metallurgical Society of America.

Says Dr. Guo, This is a newly formed fund with a mandate to invest strategically, and on a global basis, in exploration stage projects demonstrating potential for a large discovery. He continues, We’re pleased to have Jaxon as our first investee and look forward to a long and mutually productive relationship.

We’re thrilled to have someone of Dr. Guo’s caliber join our team, says Jason Cubitt, Jaxon’s President and CEO. World class projects require world class financial partners, and the addition of Dr. Guo and the Zijin Midas Exploration Fund will play a vital role in building value for all of our stakeholders.

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

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