Jaxon Mining Inc. Announces Chief Financial Officer

Vancouver, Canada - Jaxon Mining Inc. (TSXV: JAX, FSE: OU31, OTC: JXMNF) (“Jaxon” or the “Company”) is pleased to announce that Mr. Alain Voisin, CPA, CGA has been promoted to Chief Financial Officer and Corporate Secretary of the Company, effective immediately. Mr. Voisin has worked with Jaxon since February 2018 and has served as Controller and CFO of various private and publicly traded companies, including a number of junior exploration companies over the past 15 years. Mr. Voisin obtained his Bachelor of Science from Western University.

The Company would like to thank Mr. Oleg Scherbina for his past role as CFO and wishes him the best in his future endeavours.

Mr. John King Burns, Chairman, commented: “I am glad to welcome Mr. Voisin as our CFO. Alain has both scientific and business training and will contribute his advanced accounting skills, his judgment and his business acumen to the Company at a time the Company needs a focused expert in that position”.

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.