Mr. Jason Cubitt reports

JAXON PROVIDES UPDATE ON EFFECTIVE DATE FOR SHARE SPLIT AND NAME CHANGE

Jaxon Minerals Inc. will be 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, as announced on Aug. 10, 2017. Outstanding stock options and warrants will be adjusted on the basis of the same ratio. The company has filed documentation with the TSX Venture Exchange and expects to make the name change and share split effective around the middle of next week.

The company will make a further announcement once the effective date is confirmed with the TSX-V, along with further details for transmittal of the old shares with Computershare, the company's transfer agent.

About Jaxon Minerals Inc.

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 B.C.'s Golden Triangle.

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