Airbourne VTEM Survey Underway

JAX-TSX.V

VANCOUVER, Nov. 2, 2011 /CNW/ - Jaxon Minerals Inc. ("the Company") - (TSX.V: JAX) announces that Phase One exploration of its newly optioned 3 blocks of mineral claims in the famous Flin Flon-Snow Lake VMS deposit belt of Manitoba and Saskatchewan commenced today. Geotech Ltd., Aurora, Ontario started an estimated 1113 line kilometer survey using its VTEM-Mag helicopter airborne geophysical system. This survey methodology has a proven track record in the region identifying typical VMS-style geophysical patterns of strong conductance (VTEM anomalies) and associated magnetic response (horizontal magnetometer gradiometer).

Jaxon's strategically located claim blocks will be surveyed with grid line spacings varying from 50 meters to 100 meters apart. Wider spaced, older airborne EM and/or magnetic surveys have been flown over portions of Jaxon's property, and anomalous conductors and magnetic trends within the Amisk Group metavolcanic rocks underlying the claims were identified but never drilled. The Geotech survey has deeper penetration ability able to identify conductors to depths exceeding 300 meters while the mag-gradiometer system using two magnetic sensors provides detailed and accurate survey data.

Since the vendors of the claims have discovered at surface, VMS-style deposit grades of copper-zinc-gold-silver on two of the claim blocks, Jaxon expects that the survey can define and guide drilling to depth along the surface trends and assist in blind target delineation on other portions of the 3 properties. Mr. Bob Lo, Jaxon's independent geophysical consultant will monitor the daily survey data and provide preliminary interpretation. It is expected that the survey will be completed in one week enabling the prioritization of targets and applications for permitting.

ON BEHALF OF THE BOARD OF DIRECTORS

JAXON MINERALS INC.

"Leif Smither"

Leif Smither, Director

___________________________________

This news release may contain forward-looking information which is not comprised of historical facts. Forward-looking information involves risks, uncertainties and other factors that could cause actual events, results, performance, prospects and opportunities to differ materially from those expressed or implied by such forward-looking information. Forward looking information in this news release may include, but is not limited to, the Company's objectives, goals or future plans. Factors that could cause actual results to differ materially from such forward-looking information include, but are not limited to, those risks set out in the Company's public documents filed on SEDAR. Although the Company believes that the assumptions and factors used in preparing the forward-looking information in this news release  are reasonable, undue reliance should not be placed on such information, which only applies as of the date of this news release, and no assurance can be given that such events will occur in the disclosed time frames or at all. The Company disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, other than as required by law.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

SOURCE Jaxon Minerals Inc.

For further information:

regarding Jaxon Minerals Inc., please contact Leif Smither at 604-608-0400, Toll Free: 1-877-608-0007 or visit our website at www.Jaxonminerals.com

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Jaxon Minerals Inc.

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