NETALZUL MOUNTAIN

Project Update

High Grade Silver with Additional Au, Cu, Zn, Pb, Mo and W Potential

Netalzul Presents Highly Leveraged, High Value, Geologically Informed Targets Ready for Drill Testing

• Metallogenic Geological Setting, Structurally Controlled High-Grade Ag, Cu, Au Occurrences
• Accessible Location with Services and Infrastructure

Introduction

The Netalzul Mountain Project (“Netalzul”) is one of four projects on Jaxon’s Hazelton Property in the Omenica Mining Division, 57 km (35 miles) north of Smithers, British Columbia. Netalzul is marked by surficial Ag-Au-Cu-Mo-W-Zn-Pb-Sb polymetallic occurrences. After reviewing and modeling key historical prospecting, staking, geological data, and data collected in the 2020 field season, Jaxon believes the mineralization exposed at Netalzul is analogous to the types of mineralization at the Silver Standard mine at East Hazelton and the Huckleberry porphyry mine 100 km south of Smithers. Over the last 70 years, Netalzul Mountain has had an eventful staking and artisanal mining history but to date has not been systematically explored.

Netalzul covers 71.82 km2 of the northeast corner of Hazelton (Figure 1) and consists of 16 claims comprising five previously held claims, five newly optioned claims and six newly acquired claims. Jaxon’s claims were organized by Martial Levasseur, who previously prospected the area independently and with Noranda and Placer Dome. Mr. Levasseur is now an advisor to Jaxon.