Option to Acquire Garfield Hills Property in Nevada

Executive Summary

• Lexston Mining entered a definitive Assignment Agreement to acquire 128 mineral claims (Garfield Hills Property) in Mineral County, Nevada.
• Consideration includes $45,000 cash and issuance of 1,600,000 shares to the seller, plus additional staged payments and share issuances totaling $220,000 to secure 100% interest.
• The optionors retain a 1.5 % net smelter royalty, with Lexston having the right to repurchase 1 % for $150,000.

Key Details

• Property Acquired: Garfield Hills Property (128 mineral claims) in Walker Lane, Nevada.
• Parties Involved:
• Seller: 2730573 Alberta Ltd. and its subsidiary Imperium Mine Supply Corp. (Nevada).
• Optionors: Three individual optionors (unnamed).
• Assignment Agreement Consideration:
• Cash payment of $45,000.
• Issuance of 1,600,000 Lexston common shares to 2730573 Alberta Ltd.
• Option Agreement Payments to Secure 100 % Interest (total $220,000):
  1. Within 6 months of Aug 31 2025 – $10,000 cash + $15,000 in shares.
  2. Within 12 months of Aug 31 2025 – $25,000 cash + $20,000 in shares.
  3. Within 24 months of Aug 31 2025 – $40,000 cash + $25,000 in shares.
  4. Within 36 months of Aug 31 2025 – $55,000 cash + $30,000 in shares.
• Royalty Terms:
• Optionors receive a 1.5 % net smelter return on all mineral products from the Garfield Property.
• Lexston may repurchase 1.0 % of that royalty for a one‑time payment of $150,000.
• Strategic Rationale: The property borders Guardian Metals’ high‑grade copper‑gold‑silver discovery, providing immediate exploration upside in Walker Lane.
• Regulatory Condition: Assignment Agreement subject to acceptance by the Canadian Securities Exchange.

Notable Quotes

“Completing this definitive Assignment Agreement allows Lexston to begin our plan to develop and explore an active area of Walker Lane in Nevada… We are eager to commence our exploration plans in the near future.” – Jagdip Bal, CEO, Lexston Mining Corporation