TSX.V: JAX November 16, 2017 2 Rocks exposed along the Skeena Arch - PowerPoint PPT Presentation

1 Finding the hidden value in mineral exploration TSX.V: JAX November 16, 2017

2 “Rocks exposed along the Skeena Arch … represent some of the most richly-endowed terrain in British Columbia and has been the [focus] of mineral exploration for the past 125 years.” – D. MacIntyre, BC Geological Survey, 2006

3 Jaxon | Properties Jaxon Mining can earn 100% interest in two highly prospective properties in Northern British Columbia Hazelton Project • 44,482 hectares in the Skeena Arch – VMS / Epithermal/hydrothermal breccias – Silver-gold-lead-zinc – More Creek Project • 24,559 hectares in the Golden Triangle – Epithermal / Mesothermal / VMS – Gold-silver-copper –

4 Exploration Target Models Equity Silver Mine • – Closed in 1994, the Equity Silver Mine was BC’s largest producing silver mine. 13 years of open-pit and underground mining yielded 71.4 million oz silver , 508,000 oz gold , and 84,086 kg copper Barrick’s Eskay Creek Mine • – During its lifetime from 1995 to 2008, the Eskay Creek Mine produced over 16.1 million oz silver and 3.2 million oz gold

5 Hazelton Project Max Zone – 140632 77.9 g/t Ag | 34.2 % Zn 0.30 g/t Au | 5.62 % Pb 100% owned/optioned • Max Zone - 140605 Exceptionally High Grade 8952 g/t Ag | 3.57 % Zn • 2.64 g/t Au | 7.89 % Pb high-grade silver-gold-zinc – at surface District opportunity • West Zone – A0003758 recently expanded to 44,482 ha – 1886 g/t Ag | 1.35 % Zn Excellent infrastructure • 1.31 g/t Au | 9.52 % Pb town centre 15 km away – Extensive work completed • Spring-summer 2017 – 3-month, 15-man exploration program work by previous owners was acquired – and interpreted by Jaxon in 2017 Long season • CRT/RS Zone – A0003779 85.8 g/t Ag | pending Zn 18.3 g/t Au | 0.13 % Pb all samples are grab samples

6 Hazelton Project | 2017 Exploration Program Drilling Program Geophysics • • 2,000-metre, 13-hole, drilling program has been 3D and 2D IP Surveys – – initiated (October 31, 2017) based on targets mise-a-la-masse Survey – generated from synthesis of geophysical and (electrification of sulphide beds) lithogeochemical data at Max Zone Highly experienced exploration team – 2017 Exploration Program • Multiple prospective new discovery zones in – Channel Sampling • the Hazelton Project district Surface sampling completed, small number of All lab results received + additional results – – new assays pending pending VTEM interpretation • 460 line-km flown – Numerous high-priority targets generated –

7 Hazelton Project | 742 South High-grade grab sample from 742 South zone (742 metres elev) Sample graded 4.73 g/t gold, 1,942 g/t silver, 19% lead and 5.7% zinc

8 Max | Knoll Zones 2017 Exploration Program • 213 cut channel samples – completed over an area 140632 of 1.5 square km 77.9 g/t Ag | 34.2 % Zn 0.30 g/t Au | 5.62 % Pb Confirmed high grade • A0000976 silver-zinc-lead 8952 g/t Ag | 3.57 % Zn Up to 6,958 g/t Ag over 0.5m 2.64 g/t Au | 7.89 % Pb • 222 rock grab samples – Up to: • 8,952 g/t Ag | 18.43 g/t Au 34.18 % Zn | 39.46 % Pb Goal: • Establish the presence of – continuous massive sulphide 140605 >200 g/t Ag | N/A % Zn mineralized body 12.7 g/t Au | N/A % Pb 0 0 0 25 25 25 Soil Samples | Ag (g/t) Soil Samples | Ag (g/t) Soil Samples | Ag (g/t) all samples are grab samples

9 Hazelton Project | Max Zone 16 123988 1151 g/t Ag | 6.50 % Zn 0.72 g/t Au | 9.90 % Pb 140632 77.9 g/t Ag | 34.2 % Zn 0.30 g/t Au | 5.62 % Pb GRM20 2015 g/t Ag | 18.8 % Zn 1050818 3.89 g/t Au | 16.0 % Pb 1231 g/t Ag | 9.55 % Zn 0.39 g/t Au | 5.80 % Pb 1050812 3398 g/t Ag | 11.9 % Zn 140605 2.26 g/t Au | 15.1 % Pb 1596 g/t Ag | 7.61 % Zn N/A g/t Au | 39.3 % Pb A0000976 8952 g/t Ag | 3.57 % Zn 2.64 g/t Au | 7.89 % Pb 140619 >200 g/t Ag | N/A % Zn all samples are grab samples 12.7 g/t Au | N/A % Pb Max Zone 8,952 g/t Ag | 34.2 % Zn | 12.7 g/t Au up to

New! 10 Hazelton Project | Drilling at Max, Nov 2017 Yellow traces are Phase 1 program, 2000 m planned holes Testing coincident geophysical and (Note: not all low • resistivity zones plotted) high-grade silver-zinc-lead exposure anomalies Geophysical targets from surface to • 150 m deep First samples expected into lab mid- • November

11 Hazelton Project | Surface Grab Samples Zone Sample AgEq (g/t) Ag (g/t) Au (g/t) Zn (%) Pb (%) MAX A0000976 9,658 8,952 2.64 3.57 7.89 MAX 1050812 4,811 3,398 2.26 11.87 15.11 MAX GRM20 3,959 2,015 3.89 18.80 16.04 MAX 140605 3,583 1,596 - 7.61 39.26 - 18.70 >20.0 MAX A0000986 2,825 1,018 WEST A0003758 2,439 1,886 1.31 1.35 9.52 MAX 140632 2,160 77.9 0.30 34.18 5.62 MAX 1050818 2,006 1,231 0.39 9.55 5.80 MAX 123988 1,952 1,151 0.72 6.50 9.90 1.80 4.34 5.05 MAX A0000557 1,699 1,221 MAX 123577 55.9 0.12 28.20 1.20 1,626 MAX 123578 1,567 100.0 0.08 26.40 1.10 MAX A0000964 1,498 66.0 0.46 24.02 2.71 Ag Eq. (silver equivalent) has been used to express the combined value of silver, gold, zinc and lead as a silver equivalent, and is provided for illustrative purposes only. No allowances have been made for recovery losses that may occur should mining eventually result. Calculations use Sept 6, 2017 metal prices of US $1.405/lb Zn, $1.053/lb Pb, $1,340.50/oz Au, and $17.96/oz Ag

12 Hazelton Project | Max – 2017 Channel Samples Channel Channel AgEq (g/t) Ag (g/t) Au (g/t) Zn (%) Pb (%) Width (m) 730-3959 0.5 7,457 6,958 1.83 1.28 7.31 742S-807 2.0 1,526 946 1.28 5.37 4.87 720-886 3.0 1,513 282 0.89 6.24 20.63 705-933 2.0 1,682 295 0.81 22.02 3.61 742S-801 2.0 813 406 0.60 5.44 1.75 685-843 2.0 1,108 491 0.93 6.55 4.87 2.0 685-901 758 472 0.72 2.52 2.42 680-906 2.0 498 408 0.62 0.26 0.74 705-926 2.0 733 166 0.39 9.11 1.23 1.0 730-3626 897 157 0.41 7.43 7.73 0.5 730-3961 1,985 365 0.75 6.78 29.86 All channels were sampled at 1-metre intervals (except for 730-3959 and 3961, sampled at 0.5 m intervals). Channel samples may not represent the true width of the mineralization. Some samples may represent repeated geological sequences. Ag Eq. (silver equivalent) has been used to express the combined value of silver, gold, zinc and lead as a silver equivalent, and is provided for illustrative purposes only. No allowances have been made for recovery losses that may occur should mining eventually result. Calculations use Sept 6, 2017 metal prices of US $1.405/lb Zn, $1.053/lb Pb, $1,340.50/oz Au, and $17.96/oz Ag

13 Hazelton Project vs Eskay Creek Eskay Characteristic Hazelton Creek Rhyolitic volcanic sequences present Carbonaceous argillite Shallow marine setting Sulphide lenses Discordant vein, hydrothermal breccias and disseminated sulphides present Exceptional grades Similar pathfinder elements and indicators

14 Hazelton Project | VTEM Residual Magnetic Field A0000986 GRM20 1018 g/t Ag | 18.7 % Zn 2015 g/t Ag | 18.8 % Zn -- g/t Au | >20.0 % Pb 3.89 g/t Au | 16.0 % Pb 140605 123988 1596 g/t Ag | 7.61 % Zn 1151 g/t Ag | 6.49 % Zn N/A g/t Au | 39.3 % Pb 0.72 g/t Au | 9.85 % Pb A0000976 A0000557 8952 g/t Ag | 3.57 % Zn 1221 g/t Ag | 4.34 % Zn 2.64 g/t Au | 7.89 % Pb 1.80 g/t Au | 5.05 % Pb 1050818 2 km long by 200 m 1231 g/t Ag | 9.55 % Zn thick high conductivity 0.39 g/t Au | 5.80 % Pb 1050812 zone with anomalous 3398 g/t Ag | 11.9 % Zn magnetic signature 2.26 g/t Au | 15.1 % Pb all samples are grab samples

New! 15 Hazelton Project | CRT-RS Discoveries Yellow traces are Regional Exploration Results planned holes 17 km south of the Max Zone • (Note: not all low resistivity zones plotted) Significant breccia zone over 800 m • Two related areas 2 km apart, both • hosting tourmaline breccias Gold results include: 18.4 g/t, • 18.3 g/t, 17.5 g/t, 17.5 g/t, 11.3 g/t and 10.8 g/t 18 of 31 grab samples assayed • greater than 1 g/t gold at CRT Zone CRT Zone 600m by 600m • Strong Tellurium-Arsenic associations, • including 25.02 ppm (g/t) Te

New! 16 Hazelton Project | CRT-RS Discoveries Yellow traces are Regional Exploration Results, continued planned holes One RS (Red Spring) sample returned • (Note: not all low 284 g/t silver and 4.1% zinc resistivity zones plotted) RS also had a number of anomalous • copper results RS Zone 500m by 300m • Pyrite overprinting magnetite • alteration Small argillized granitic bodies • intruded into area as well

17 More Creek Project More Creek in the Golden Triangle Consolidation totalling 24,535 ha • High grade Gold, Silver, Copper, Zinc Epithermal , Mesothermal and VMS styles • Significant historical database • Highly Active Region Substantial discoveries in recent years • Major investor interest •

18 More Creek Project | Summary Wishbone (3,900 ha) 6 gold-bearing veins within a zone 200m wide • extending over a strike length of 550m Disseminated massive sulphides in quartz- • carbonate vein material 6.7 kg/t Ag and 8.2 % Cu – Option to earn 100% • Cross-cutting quartz-carbonate bonanza VG gold and Foremore (15,530 ha) multi-kilo silver in outcrop, possible telluride minerals 162 g/t Au float boulder discovered by Cominco, 1987 • Chip samples of 93.7 g/t Au and 81.7 g/t Au • Drill results with no follow-up or downhole geophysics • Option to earn 100% •

19 More Creek Project | Summary