Mr. Jagdip Bal reports

LEXSTON MINING CORPORATION WILL BE APPLYING FOR EXPLORATION PERMITS FOR ITZA AND 176 URANIUM PROJECTS IN THE THELON BASIN, NUNAVUT

Lexston Mining Corp. contractor Lockett Consultation Services Inc. will be applying for the required exploration permits for the company's proposed summer geophysical program at Itza and 176 projects in the Thelon basin in the Kivalliq region of Nunavut, occupying an area of 11,350 hectares.

The company identifies the following advantages:

• The properties represent a strong land position in the Thelon basin;
• Extensive historical data available on the properties to guide exploration planning;
• Historical high-grade uranium occurrences, including a historical pebble sample (No. 1708, Boulder SN-176) retrieved during boulder prospecting returned 4,000 counts per second (cps) using a scintillometre and assayed 332,000 parts per million (ppm) uranium (U) (39.15 per cent U);
• Previous exploration programs terminated without extensive drill testing;
• A portfolio that covers the spectrum from conceptual exploration targets to near-drill ready targets.

Lockett Consultation Services Inc. will work closely with all regulatory agencies, including Crown Indigenous Relations and Northern Affairs Canada (CIRNAC), for the necessary permits and licenses. The company will initiate engagement and consultations with local knowledge holders and stakeholders, which will continue throughout all the phases of permitting, exploration and closure. The company will provide updates on the scheduling of its permitting and work program as and when they are available.

Lexston's proposed 2024 field program includes:

• A minimum of an eight-line-kilometre, ground-based induced polarization (IP) resistivity-chargeability geophysical survey;
• Complete high-resolution airborne VTEM geophysical survey with attempts to add resolution to the basement conductors and anomalies identified in previously flown regional fixed wing surveys;
• Complete a high-resolution airborne gravity geophysical survey;
• Scintillometre-assisted prospecting and reconnaissance level geochemical sampling.

Prior to the field season, the company aims to complete a historical database compilation and intends to reprocess previously completed geophysical data with the aims of evaluating the properties with new geological theory.

Jag Bal, president and chief executive officer of Lexston, states: "Our 11,350 hectares in the prolific Thelon basin offers an exciting opportunity to explore a resource-rich basin with significant upside potential, similar to the Athabasca basin. We are looking forward to our work program this season, which in turn will assist us in developing a successful drill program."

About Lexston Mining Corp.

The company is a Canadian mineral exploration company, focused on the acquisition and development of mineral projects, with the objective to enhance value to all its stakeholders. The company has a mineral exploration project in British Columbia, Canada.

Qualified person

The technical information contained in this news release has been reviewed by Scott Dorion, PGeo. Mr. Dorion is a qualified person as defined by National Instrument 43-101.

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