Lexston Mining to begin fieldwork at Dory

Executive Summary

• Lexston Mining Corp. announced the initiation of a two-phase fieldwork program on its Dory property in British Columbia, aimed at evaluating mineral potential through historical data analysis, geological mapping, and geophysical surveys.
• The company reported the exercise of 2,137,500 common share purchase warrants at $0.10 each, generating gross proceeds of $213,750 and increasing the total issued and outstanding common shares to 16,930,804.
• Two marketing agreements were entered into for investor relations and corporate awareness services: one with i2i Marketing Group LLC for up to $300,000 USD and another with Danayi Capital Corp. for up to $100,000 USD, both for a 12-month period with no equity compensation.

Key Details

• Dory Property Fieldwork:
  • Location: Alberni mining division, British Columbia, Canada.
  • Size: Four non-surveyed contiguous mineral claims totaling 1,348 hectares.
  • Access: Paved and gravel roads branching from the Pacific Rim Highway.
  • Phase 1 Scope: Creation of a GIS database from historical data, geological mapping, and rock/soil sampling of historically identified areas of interest; investigation of new exposures resulting from recent logging activity.
  • Phase 2 Scope: Contingent on positive Phase 1 results; includes line cutting, 3-D induced polarization (IP) geophysical survey, and detailed mapping.
  • Technical Approval: Reviewed and approved by Richard Walker, PGeo (Qualified Person under NI 43-101). Reference made to NI 43-101 Technical Report dated March 13, 2023, by Derrick Strickland, PGeo.
• Warrant Exercise:
  • Date of Exercise: October 20, 2025.
  • Quantity: 2,137,500 common share purchase warrants exercised.
  • Exercise Price: $0.10 per warrant.
  • Gross Proceeds: $213,750.
  • Shares Issued: 2,137,500 common shares.
  • Post-Exercise Share Count: 16,930,804 common shares issued and outstanding.
• Marketing Agreements:
  • i2i Marketing Group LLC Agreement:
    • Date: October 20, 2025.
    • Services: Corporate marketing and investor awareness services.
    • Term: 12 months.
    • Budget: Up to $300,000 USD.
    • Compensation: Cash only; no securities compensation.
    • Principal: Joe Grubb.
    • Relationship: Arm's-length party; i2i does not own company securities.
  • Danayi Capital Corp. Agreement:
    • Date: October 20, 2025.
    • Services: Investor relations and digital marketing services.
    • Term: 12 months.
    • Budget: Up to $100,000 USD.
    • Compensation: Cash only; no securities compensation.
    • Principal: Mehran Bagherzadeh.
    • Relationship: Arm's-length party; Danayi does not own company securities.

Notable Quotes

• Jag Bal, Chief Executive Officer: "We are pleased to announce the exercise of these warrants, which will provide the company with additional capital to support our ongoing development efforts, as well as demonstrating investor confidence in our ability to add shareholder value."