Mr. Jason Cubitt reports

EFFECTIVE DATE FOR JAXON SHARE SPLIT AND NAME CHANGE IS AUGUST 30, 2017

Jaxon Minerals Inc. is 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 Aug. 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 the adjusted exercise price. Warrantholders may contact the company if they need additional information about the effect of the split.

About Jaxon Minerals Inc.

Jaxon is a base and precious metal 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 British Columbia's Golden Triangle.

We seek Safe Harbor.