Jaxon Mining Inc. announce it has expanded its 100% controlled Hazelton property by staking and acquiring four additional mineral tenures, increasing the total area to 73,079.05 hectares or 730.79 km2, comprising 75 contiguous claims, at NTS 93M centered at -127° 10' 46" Longitude, 55° 11' 5" Latitude. The Hazelton Property hosts seven projects, each with one or more porphyry systems: Netalzul Mountain, Red Springs, Blunt Mountain, Max, Mt Thoen, Rocher Deboule Mountain and Kispiox Mountain. The strategic expansion of the Rocher Deboule project (the "Project") was conducted in 2022 and 2023, and was based on the results of Jaxon's conceptual geological and mineralization modeling, as informed by regional geology, provincial aeromagnetic data, MINFILEs and recent exploration activities.

The four new claims expand the Project area to 1,329.61 hectares. The Project is within the Rocher Deboule stock, a Late Cretaceous porphyritic granodiorite body which is one of the Bulkley Intrusions. The Rocher Deboule stock has been dated at 72 million years through potassium/argon dating of biotite (Geological Survey of Canada Open File 2322).

Three mineral occurrences (MINFILEs) have been recorded: the Hecla (Bluebird) copper-silver occurrence, the Silvertip glacier molybdenum-copper occurrence and the Blue Lake tungsten-gold polymetallic occurrence. The Hecla (Bluebird) occurrence is located on the north slope of the Rocher Deboule Mountain Range, at the headwaters of Mission Creek, 5.5 kilometres south of New Hazelton. A 2.7 metre-wide aplite dike and a 1.8 metre-wide pegmatite dike cutting porphyritic granodiorite of the Rocher Deboule stock are silicified and cut by narrow quartz veinlets carrying pyrite and chalcopyrite.

A grab sample from a drift which was driven to explore the mineralized pegmatite dike assayed 0.39% copper, trace gold and 18.2 grams per tonne silver (Geological Survey of Canada Memoir 223). A grab sample taken to sample the 1.2 metre-wide mineralized zone in the aplite dike assayed 0.22% copper, 34.3 grams per tonne silver and trace gold (Geological Survey of Canada Memoir 223). The Blue Lake property is located near the head of Mudflat Creek on the northeast side of Rocher Deboule Mountain, nine kilometres south of South Hazelton.

Several mineralized quartz veins occur in porphyritic granodiorite of the Late Cretaceous Rocher Deboule stock of the Bulkley Intrusions. The intrusion contains a few rafts of hornfelsic argillites from the Middle Jurassic to Lower Cretaceous Bowser Lake Group rocks, the main body of which outcrops to the east. There is multiple vein type mineralization reported historically.

The No. 1 vein, strikes 105 degrees and dips 65 degrees northeast. It is a quartz vein carrying up to 10% tetrahedrite and minor chalcopyrite, ranging up to 25 centimetres in width.

Less than 30 metres distant, the No. 2 vein strikes 155 degrees, dipping 70 degrees southwest. It contains chalcopyrite, pyrite, molybdenite, tetrahedrite, scheelite, and likely uraninite.

A grab sample assayed 0.85% molybdenum, 1.0% WO3 and 0.004% equivalent uranium (Geological Survey of Canada Memoir 223 Rev.). The No. 3 vein is located six hundred metres to the northwest.

It strikes 165 degrees and dips 75 degrees west. It is a quartz vein with scheelite, molybdenite, chalcopyrite, and ferberite. A grab sample assayed 2.74 grams per tonne gold, 11.31% WO3, 0.06% molybdenum, and 0.003% equivalent uranium (Geological Survey of Canada Memoir 223 Rev.).

Another vein, 90 metres below the No. 3 vein, is exposed for 23 metres. It is up to 3 metres wide, strikes northwest and dips 60 degrees northeast.

It contains milky white quartz and tetrahedrite and a sample assayed 0.7 gram per tonne gold and 1,900 grams per tonne silver (Geological Survey of Canada Memoir 223 Rev.). A molybdenum-copper occurrence is shown on Map 69-1 at the headwaters of Mudflat Creek on the east side of the Rocher Deboule Mountain Range, nine kilometres south of South Hazelton.