Mr. Jason Cubitt reports

JAXON IDENTIFIES HIGH CONDUCTIVITY ANOMALY UNDER HIGH-GRADE SILVER IN MASSIVE SULPHIDE

Jaxon Minerals Inc. has purchased and received data from the 2012 Geotech versatile time-domain electromagnetic (VTEM) resistivity/conductivity and magnetics airborne survey (464 line kilometres) flown at the company's Hazelton volcanogenic massive sulphide target, 50 kilometres northwest of Smithers, B.C.

Previous operators at the property had commissioned the survey but failed to complete final payment. Jaxon has provided the survey data to contracted geophysical experts for review, interpretation and further processing. The company has received first-phase preliminary plots and expects final modelling results (Maxwell plate) over the course of the next several weeks.

The objective of the survey analysis is to establish connection between the bonanza grades of precious and base metals exposed in semi-massive to massive sulphides at surface (assayed up to three kilograms per tonne silver and 20 per cent zinc over a one-square-kilometre mineralized zone) and evidence of sulphides at depth and along strike.

Early VTEM results in cross-section indicate the presence of a 500-metre-wide discrete high-conductivity anomaly at a depth of 25 metres to 75 metres and a related magnetic low due to intense iron carbonate alteration throughout the high-grade zone.

The task now is to associate the wealth of historical data at surface, including soils, sawn rock channels and stream sediment geochemistry, with an interpreted 3-D geophysics model and then apply that model to a district-scale understanding of the 28,000-hectare Hazelton property.

Jaxon's crews are mobilizing in the first week of June to initiate the first phase of work for the 2017 field season at the Hazelton property.

We seek Safe Harbor.