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File: Jaxon NR May 4 2016.docx

JAXON MINERALS INC. 
PRESS RELEASE May 4, 2016
Corporate Office:
Suite 488 - 625 Howe Street JAX #16-02
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 ANNOUNCES UNIT PRIVATE PLACEMENT

Jaxon Minerals Inc. (the "Company") (TSX-V:JAX) announces a non-brokered private placement of up to 5,000,000 units at
---> $0.07 per unit to raise gross proceeds of up to 350,000 (the "Offering").  Each unit will be comprised of one common 
--->share and one-half common share purchase warrant.  Each whole share purchase warrant will entitle the  holder to purch
--->ase one common share at $0.10 per share with an expiry date of one year from the closing of the private placement.  A 
--->finders' fee commensurate with TSX.V policies will be paid where applicable

The funds raised will be used to conduct exploration on the Company's Hot Bath Project, located in British Columbia be
--->tween the communities of Dease Lake and Iskut, B.C., plus working capital.

ON BEHALF of the BOARD of DIRECTORS
 JAXON MINERALS INC.

"Leif Smither"
_________________________________

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

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.