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File: NR Jaxon 5-3-16.docx

JAXON MINERALS INC. 
PRESS RELEASE May 3, 2016
Corporate Office:
Suite 488 - 625 Howe Street JAX #16-01
Vancouver, BC Canada
V6C 2T6 JAX-TSX.V

Tel: (604) 608-0400  Fax: (604) 602-9330
Toll Free: (877) 608-0007  Website: http://www.jaxonminerals.com Page 1 of 1
 

JAXON RECEIVES APPROVAL ON HOT BATH PROJECT
The TSX-V has approved the option agreement between Jaxon Minerals and Brian Johnston on the Hot Bath mining project l
--->ocated in British Columbia between the communities of Dease Lake and Iskut, B.C. The project is comprised of 11 minera
--->l claims, 100% owned by Brian Johnston. Jaxon may earn a 50 % interest in the property upon completion of the option a
--->greement.
The Hot Bath claim block covers 3,634.4 hectares near the center of the east sheet of the recently studied Quest North
--->west project of Geoscience BC. The property was selected based on results from rock geochemistry and geological mappin
--->g completed as part of the Quest study. An airborne magnetic geophysical survey of the area supports the interpretatio
--->n of mid-Jurassic calc-alkaline intrusives that are known to be favourable host rocks for copper-gold mineralization. 
Mobile Metal Ion geochemical, Induced Polarization and ground magnetometer geophysical surveys by DeCoors Mining Corp.
---> in 2014 and 2015, identified a zone of elevated metal values corresponding with the center of the intrusive interpret
--->ed from the airborne magnetometer survey. The data indicated a ringed intrusive with anomalous samples of copper and g
--->old with coincident IP anomalies on the structure over a width of approximately 400 meters and extends over a strike o
--->f 800 meter, still open to the north-east. Several rock samples taken during this program assayed over 3% copper.
The Hot Bath claim block straddles the contact between the late Triassic quartz monzonite intrusive of the Stikine for
--->mation and the mid-Jurassic assemblage of calc-alkaline plutonic rocks of favorable composition to be mineralized. Thi
--->s coupled with high copper values from samples acquired within the claim block and the circular magnetic structure sup
--->port the premise for a mineralized intrusive. The property has the potential to host a mineralized porphyry intrusive 
--->similar to the nearby Gnat and Red Chris deposits.

John Buckle, P.Geo. a qualified person as defined by Nation Instrument 43-101, has approved the technical content of t
--->his press release.
ON BEHALF of the BOARD of DIRECTORS
 JAXON MINERALS INC.

"Leif Smither"
_________________________________

For further information regarding Jax Minerals Inc., please contact Leif Smither  at 604-608-0400, Toll Free: 1-877-60
--->8-0007.

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, pro
--->spects and opportunities to differ materially from those expressed or implied by such forward-looking information.  Fo
--->rward-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 incl
--->ude, but are not limited to, those risks set out in the Company's public documents filed on SEDAR. Although the Compan
--->y 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 r
--->elease, 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 Regulati
--->ons 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.