Original News Release
Lexston Mining to begin fieldwork at Dory
Mr. Jagdip Bal reports
LEXSTON MINING CORPORATION ANNOUNCES FIELDWORK ON DORY PROPERTY AND TWO MARKETING AGREEMENTS
Lexston Mining Corp. intends to initiate fieldwork on the Dory property. The Dory property consists of four non-surveyed contiguous mineral claims totalling 1,348 hectares. The claims are located within the Alberni mining division of British Columbia. The property is easily accessed by a series of paved and gravel roads branching from the Pacific Rim Highway.
The fieldwork will be designed to evaluate the potential of the Dory property, consisting of a two-phase program. Phase 1 consists of the creation of a GIS database from the historical data, geological mapping, and rock and soil sampling of areas of interest that have been identified historically. As a result of recent logging activity, there are new areas of exposure that should be investigated. Phase 2 is contingent on positive results of phase 1 with line cutting, 3-D induced polarization (IP) geophysical survey and detailed mapping on areas identified in phase 1.
On Oct. 20, 2025, 2,137,500 common share purchase warrants were exercised at 10 cents each for gross proceeds of $213,750, resulting in the issuance of 2,137,500 common shares of the company. The number of issued outstanding common shares of the company following this exercise is 16,930,804.
Jag Bal, chief executive officer of Lexston Mining, commented, "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."
On-line marketing agreement
The company is pleased to announce the on-line marketing agreement dated Oct. 20, 2025, with i2i Marketing Group LLC (e-mail: [email protected]; address 1107 Key Plaza No. 222, Key West, Fla., 33040; phone: 312-725-3843), for the provision of corporate marketing and investor awareness services for a period of 12 months. Joe Grubb is the principal of i2i. The budget for the services is up to $300,000 (U.S.). No compensation in securities of the company will be paid to i2i. i2i is an arm's-length party to the company. To the knowledge of the company, i2i does not own any securities of the company.
Digital marketing agreement
The company is pleased to announce the digital marketing agreement dated Oct. 20, 2025, with Danayi Capital Corp. (e-mail: [email protected]; address: Suite 550, 800 West Pender St., Vancouver, B.C., V6C 2V6; phone: 604-767-2983), for Danayi to provide certain investor relations and digital marketing services to the company. Danayi agreed to provide the services for a period of 12 months. Mehran Bagherzadeh is the principal of Danayi. The budget for the services is up to $100,000 (U.S.). No compensation in securities of the company will be paid to Danayi. Danayi is an arm's length party to the company. To the knowledge of the company, Danayi does not own any securities of the company.
Qualified person
Richard Walker, PGeo, Lexston Mining director and a qualified person under National Instrument 43-101, has reviewed and approved the Dory property content of this news release.
Please see the technical report, entitled "NI 43-101 Technical Report on The Dory Property, Port Alberni, British Columbia, Canada," dated March 13, 2023, written by Derrick Strickland, PGeo. The report is available on SEDAR+ under the profile of the company.
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.
The company trades on the OTCQB Venture Market for early-stage and developing U.S. and international companies. Companies are current in their reporting and undergo an annual verification and management certification process.
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