Mr. Jagdip Bal reports

LEXSTON MINING CORPORATION CLOSED THE PRIVATE PLACEMENT

Lexston Mining Corp., further to its news release dated Dec. 24, 2025, has closed a fully subscribed non-brokered private placement and raised gross proceeds of $500,000 through the issuance of 6.25 million units at a price of eight cents per unit. Each unit consists of one common share and one common share purchase warrant. Each common share purchase warrant entitles the holder to purchase one common share at a price of 10 cents for five years from the date of issuance.

The company plans to use the proceeds from the private placement for exploration expenditures and general working capital. No finders' fees were paid in relation to the private placement.

All securities issued pursuant to the private placement are subject to a four-month statutory hold period until May 21, 2026.

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 mineral exploration projects in British Columbia and Nevada.

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