Vancouver, British Columbia--(Newsfile Corp. - July 7, 2017) - Jaxon Minerals Inc. (TSXV: JAX) (FSE: 0U3) ("Jaxon" or the "Company") announces that the Company is granted a total of 400,000 new stock options during the month of June 2017 to consultants of the Company. The options granted are for a period of two years, expiring on June 15, 2019, and are exercisable at a price of $0.31.

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.