Jaxon Mining Inc. Reports Earnings Results for the First Quarter Ended April 30, 2023

Jaxon Mining Inc. is a mineral exploration and development company. The Company is focused on the Hazelton Property in north-central British Columbia, located east of the town of Hazelton, approximately 40 kilometres north of the town of Smithers. Comprised of 75 contiguous mineral claims, with a total area of 723 square kilometers (km2) in the Skeena Arch metallogenic belt. Seven projects have been identified and delineated at the Hazelton Property: Red Springs, Blunt Mt, Max, Netalzul Mt, Mt Thoen, Rocher Deboule Mt, and Kispiox Mt. The Company is currently focused on advancing Kispiox Mt, Netalzul Mt and Red Springs. Red Springs consists of 19 mineral claims covering 291.88 km2 located in the southwest area of the Hazelton Property. Netalzul Mt covers 130.02 km2 of the northeast corner of Hazelton and consists of 23 claims. Max consists of six mineral claims covering 90 km2 located in the north-central area of the Hazelton Property. Blunt Mountain consists of 12 mineral claims.