Vancouver, British Columbia--(Newsfile Corp. - March 30, 2017) - Jaxon Minerals Inc. (TSXV: JAX) (FSE: 0U3) ("Jaxon" or the "Company") is pleased to announce that it has increased its proposed financing (see news release dated March 27, 2017) from a maximum of 7 million units, to a maximum of 8 million units, for total gross proceeds of $560,000. A finder's fee commensurate with TSX Venture Exchange policies will be paid where applicable.

ON BELHALF OF THE BOARD OF DIRECTORS
JAXON MINERALS INC.

"Jason Cubitt"                 
Jason Cubitt, President

For further information regarding Jaxon Minerals Inc., please contact Jason Cubitt at 604-608-0400, Toll free: 1-877-608-0007.

Neither the TSX Venture Exchange nor its Regulation 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.