Assignment Agreement Garfield Property, Nevada
929 Mainland Street
Vancouver, BC V6B 1S3
Phone
Website
(604) 928-8913
www.lexston.ca
News Release
Option to Acquire Garfield Hills Property in Nevada
Vancouver, British Columbia, November 18, 2025. Lexston Mining Corporation (the “Company” or
“Lexston”) (CSE: LEXT) (OTCQB: LEXTF) (De utsche Börse Frankfurt: L75) announces that further to the
Memorandum of Understanding News Release da ted November 12, 2025 a definitive Assignment
Agreement, has been entered into, to acquire 128 mineral claims located in Mineral County, Nevada, USA,
known as the Garfield Hills Property (the “Garfield Property”).
The Company entered into an assignment agreement with 2730573 Alberta Ltd., an Alberta corporation,
and Imperium Mine Supply Corp. (a Nevada company and a subsidiary of 2730573 Alberta Ltd.) and three
individual optionors dated November 18, 2025 (the “Assignment Agreement” ) and was assigned the
Option To Acquire the Garfield Hills Property Term Sheet between 2730573 Alberta Ltd. and three
individual optionors dated August 31, 2025 (the “Term Sheet” ) and the Definitive Option Agreement
between Imperium Mine Supply Corp. and three individual optionors effective as of October 22, 2025 (the
“Option Agreement”).
Lexston Mining Corporation Initiates Development Plan s in Walker Lane. Jag Bal, CEO of Lexston Mining
Corporation, commented on the comp letion of the definitive Assignment Agreement: “Completing this
definitive Assignment Agreement allows Lexston to be gin our plan to develop and explore an active area
of Walker Lane in Nevada. This area is of particular interest, as it includes Guardian Metals, who have
discovered high-grade mineralization of copper, gold, and silver at the northern border of our claims. We
are eager to commence our exploration plans in the near future.”
Pursuant to the Assignment Agreement, as consid eration for the assignment, the Company will pay
$45,000 and will issue 1,600,000 shares to 2730573 Alberta Ltd.
Furthermore, to earn 100% interest in the Garfield Property, pursuant to the Option Agreement, the
Company will make cash payments in the amount of $130,000 and will issue shares valued at $90,000 for
the total consideration of $220,000 to three optionors as follows:
1) within six months from August 31, 2025, $10,000 payable in cash and $15,000 in shares;
2) within 12 months from August 31, 2025, $25,000 payable in cash and $20,000 in shares;
3) within 24 months from August 31, 2025, $40,000 payable in cash and $25,000 in shares; and
4) within 36 months from August 31, 2025, $55,000 payable in cash and $30,000 in shares.
The optionors have a right to receive 1.5% of net sm elter returns on all mineral products produced from
all claims comprising the Garfield Property. The Company will have the right to repurchase 1.0% of the
1.5% net smelter returns for a one-time payment of $150,000.
The Assignment Agreement is subject to the acceptance by the Canadian Securities Exchange.
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About Lexston Mining Corporation
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.
The Company (OTCQB: LEXTF) trades on the OTCQB Ve nture 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. Investors can find Real-Time quotes and market information for
the company on www.otcmarkets.com.
On Behalf of the Board of Directors
LEXSTON MINING CORPORATION
Jagdip Bal
Chief Executive Officer
Telephone: (604) 928-8913
Email: [email protected]
The Canadian Securities Exchange has not reviewed and does not accept responsibility for the adequacy
or accuracy of the content of this news release.
Forward-looking statements
This news release contains "forward-looking information" under applicable Canadian securities legislation.
Such forward-looking information reflects management's current beliefs and are based on a number of
estimates and/or assumptions made by and information currently available to the Company that, while
considered reasonable, are subject to known and unknown risks, uncertainties, and other factors that may
cause the actual results and future events to differ materially from those expressed or implied by such
forward-looking information. Readers are cautioned that such forward-looking information are neither
promises nor guarantees and are subject to known and unknown risks and uncertainties including, but not
limited to, general business, economic, competitive, political and social uncertainties, uncertain and
volatile equity and capital markets, lack of available capital, actual results of exploration activities,
environmental risks, future prices of base and other metals, operating risks, accidents, labour issues,
objections by aboriginal people, delays in obtaining governmental approvals and permits, obtaining
consents of aboriginal people and other risks in the mining industry.
These forward-looking statements include but are not limited to the definitive assignment agreement
regarding the Garfield Property, quality and mineralization of the Garfield Property, timing of the
exploration program, goals of the exploration program, obtaining financing, obtaining exploration
permits, exploration of properties for minerals, liquidity of the common shares of the Company and future
financings of the Company. These statements reflect management's current estimates, beliefs, intentions,
and expectations. They are not guarantees of future performance. The Company cautions that all forward-
looking statements are inherently uncertain and that actual performance may be affected by many
material factors, many of which are beyond the Company’s control. Such factors include, among other
things: risks and uncertainties relating to the acquisition of new properties, liquidity of the common shares
of the Company, financings, the market valuing the Company in a manner not anticipated by management
of the Company. Accordingly, actual and future events, conditions and results may differ materially from
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the estimates, beliefs, intentions and expectat ions expressed or implied in the forward-looking
information. Except as required under applicable secu rities legislation, the Company does not undertake
to publicly update or revise forward-looking information.
The Company is presently an exploration stage com pany. Exploration is highly speculative in nature,
involves many risks, requires substantial expendit ures, and may not result in the discovery of mineral
deposits that can be mined profitably. Furthermore, the Company currently has no reserves on its
properties. Investment in the securities of the Company is risky. As a result, there can be no assurance
that such forward-looking statements will prove to be accurate, and actual results and future events could
differ materially from those anticipated in such statements.