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File: 25-18-JAX-PP-Final-Tranche-181116.pdf

JAXON MINING INC.
Suite 1100   595 Howe Street
Vancouver, BC V6C 2T5
Tel: (604) 398-5394 Fax: (604) 602-9330
Website: http://www.jaxonmining.com



                      JAXON MINING INC. CLOSES FINAL TRANCHE OF FINANCING

       November 16, 2018, Vancouver, Canada - Jaxon Mining Inc. (TSXV: JAX, FSE: OU31, OTC: JXMNF)
       ("Jaxon" or the "Company") is pleased to announce that, further to its news releases of October 3, 2018
       and September 21, 2018, the Company has closed the final tranche of a private placement to raise
       additional gross proceeds of $450,372 (the "Final Tranche") through the sale of 3,753,100 non flow-
       through units priced at $0.12.

       All securities issued in the Final Tranche are subject to a hold period expiring March 17, 2019.

       Insiders purchased $12,600 of the Offering. No finder's fees were paid.

       The proceeds from the Offering will be used to support field operations and general working capital.

       Additionally, the Company is pleased to report it has been invited to participate in the Core Shack at
       AME Roundup 2019. The Company looks forward to showcasing the core samples from its recently
       completed 2018 fall drilling program.

       About Jaxon Mining Inc.

       Jaxon is a precious and base 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 More Creek Project (consolidating the Wishbone and Foremore properties) in British Columbia's
       Golden Triangle.

       ON BEHALF OF THE BOARD OF DIRECTORS
       JAXON MINING INC.

       "John King Burns"

       John King Burns, Chairman

       For Capital Markets for Jaxon Mining Inc., please call 778-938-4459, for Investor Relations, please call 604-60
--->9-6152, and for
       Corporate enquiries, please call 604-398-5934.

       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, performanc
--->e, prospects and
       opportunities to differ materially from those expressed or implied by such forward-looking information. Forward
--->-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 include, but are not limi
--->ted to, those risks
       set out in the Company's public documents filed on SEDAR. Although the Company believes that the assumptions an
--->d factors
       used in preparing the forward-looking information in this news release are reasonable, undue reliance should no
--->t be placed on
 such information, which only applies as of the date of this news release, and no assurance can be given that such eve
--->nts will
occur in the disclosed time frames, or at all. The Company disclaims any intention or obligation to update or revise a
--->ny 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 Regulations 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.




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