Mr. John Burns reports

JAXON MINING INC. RETAINS INVESTOR RELATIONS CONSULTANT AND CORPORATE UPDATE

Jaxon Mining Inc. has engaged Purple Crown Communications Corp. 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 has made a correction to its news release issued on July 20, 2018. Reference in that news release that states "the company closed on two million units at a price of 12 cents for additional gross proceeds of $240,000" should read "the company closed on 1.1 million units at a price of 12 cents for additional gross proceeds of $132,000." The aggregate subscription of the offering was 4,059,500 units sold at a price of 12 cents to raise gross proceeds of $487,140.

About Jaxon Mining Inc.

Jaxon is a precious metal and base 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 More Creek project (consolidating the Wishbone and Foremore properties) in British Columbia's Golden Triangle.

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