(2) Vancouver, British Columbia--(Newsfile Corp. - December 15, 2020) - Jaxon Mining Inc. (TSXV: JAX) (FSE: OU31) (OTC: JXMNF) ("Jaxon" or the "Company") is pleased to announce the results from the preliminary interpretation of the aeromagnetic geophysical survey conducted at the Netalzul Mountain high-grade silver hydrothermal polymetallic targets. Given the excellent results from the rock and soil sample assaying, surface prospecting and magnetic survey interpretation, Jaxon has expanded its Netalzul project claims to the surrounding area with the addition of claims 1079283, 1079284, 1079285 and 1080058 (Figure 6). Jaxon now controls 528 km2 at its 100% owned Hazelton Property. The 2020 aeromagnetic survey delineates numerous discreet and variably linear magnetic low anomalies within the highly magnetic Bulkley granite intrusive. The magnetic signatures align with the Ag-Cu-Au-Pb-Zn enriched surface soil and rock samples taken from the same areas. This correlation is particularly apparent at the Daisy North Contact Zone and Daisy South Adit Zone where surface rock samples reported values of 5301 g/t Ag and 1641 g/t Ag, respectively, with other anomalous high Cu-Au-Pb-Zn polymetallic elements (https://bit.ly/2WbSO7v and https://bit.ly/349MnGe). The magnetic low anomalies at Daisy South Adit Zone are interpreted to reflect likely zones of hydrothermally induced magnetite destruction,