Lexston Mining Corporation announced that further to its news releases dated November 27, 2023 and January 10, 2024, the Company has arranged staking of five new mineral claims for prospective uranium exploration. These five mineral claims are in the Thelon Basin in Nunavut Territory and occupy an area of 5,688ha. The total land area held for exploration by Lexston through the new five claims and the previously announced Project 176 and Project Itza Option Agreement in the Thelon Basin is now 11,350 hectares.

These mineral claims will now make project Itza and 176 contiguous and cover 14 additional radiometric anomalies along the northern unconformity in the Thelon Basin. The Company identifies the following advantages of newly staked mineral claims: STRONG land position in the up-and-coming Thelon Basin; Extensive historical data available to guide exploration planning; Historical high-grade uranium occurrences;. Previous exploration programs terminated without extensive drill testing; Thelon Basin is experiencing a staking rush, and these projects cover the historically most attractive areas; and Multiple projects that cover the spectrum from conceptual exploration targets to near-drill ready targets.

Project 176 - 1708Ha /17km2. Boulders containing high grade uranium anomalies were discovered by previous explorers. Project 176.

is in the Northeastern portion of the Thelon Basin - 176 is within the most prospective region of the Thelon Basin. Multiple coincident anomalies: Magnetic low, VLF Electromagnetic, Gravity Low, Radiometric, Uranium in Soil, Track-etch Anomalies. The combination of the anomalies defined historically provides prime ingredients for discovering a high-grade uranium deposit within the project area.

Geophysical work in 2012 defined similar fault arrays in the 176 Project area but market conditions prevented detailed follow-up. Project 176 was previously owned but never explored by Nex Gen Energy. Proposed Work: Re-process geophysical data and evaluate with the new geological theory proposed by Jefferson et al (2013).

Complete high-resolution VTEM to add resolution to the basement conductors and anomalies identified in 2012. Complete high-resolution Gravity surveys. Project Itza - 3955ha /39.6 km2.

Project Itza is located in the Northeastern portion of Thelon Basin - Itza was identified before the staking rush took place and is within the most prospective region the Thelon Basin that contains the high-grade uranium oxide samples. A boulder containing a uranium oxide anomaly sits within the project and planned drilling in 2007 was never completed. At least 3 radioactive boulder trains are located, and the source is yet to be tested.

Project Itza sits at the mapped unconformity between the Thelon Formation and the underlying Amer Lake Metasediments. It contains reactivated Faults identified in 2013 - not identified when the properties were last explored (2012). The intersection of reactivated faults and unconformities is highly prospective for uranium deposits.

e.g. Cigar Lake, Key Lake. Historical assessment reports show expenditures > $10m in the area, with at least $2m on the Itza Project. Multiple radioactive boulders were measured.

Previous explorers (Titan and Mega) focused only on Amer Lake geology based on data acquired from previous operators, the potential for Neoarchean Rumble formation to underly part of the licence is high which presents a high-quality unconformity target. The project requires evaluation using concepts developed since exploration stopped in 2012. The project has yet to be explored since the 2007 geophysical surveys or the 2013 revised geological framework by Jefferson et al.

The only drilling on the property was in 1980 and the aim then was to understand stratigraphy - not hunting for a deposit. No explorer has tested the Neoarchean rocks that are projected to underlie the project area. These rocks host the nearby Tatiggaq discovery and Kiggavik Deposit.

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. Such factors include, among other things: risks and uncertainties relating to the acquisition of the common shares of the common shares of the Company, financings, the Company, financings. The Company, the Company, financing, the Company, the market valuing the Company in a manner not anticipated by management of the Company in a manner not expected by management of the Company in the market valuing the Company.

The Company in a manner not anticipated to enhance value to enhance value to enhance value of the market valuing the company.