Fully Subscribed Private Placement Closed
929 Mainland Street
Vancouver, BC V6B 1S3
Phone
Website
(604) 928-8913
www.lexston.ca
News Release
Lexston Mining Corporation Closed the Private Placement
Vancouver, British Columbia, January 20, 2026. Lexston Mining Corporation (the “Company” or
“Lexston”) (CSE: LEXT) (OTC: LEXTF) (Deutsche Börse Frankfurt: L75) is pleased to announce that further
to its news release dated December 24, 2025, the Company closed a fully subscribed non-brokered private
placement and raised gross proceeds of $500,000 thro ugh the issuance of 6,250,000 units at a price of
$0.08 per unit (the “Private Placement”). Each unit consists of one common share and one common
share purchase warrant. Each common share purchase warrant entitles the ho lder to purchase one
common share at a price of $0.10 for five years from the date of issuance.
The Company plans to use the proceeds from the Private Placement for expl oration expenditures and
general working capital. No finder’s fees were paid in relation to the Private Placement.
All securities issued pursuant to the Private Placemen t are subject to a four-month statutory hold period
until May 21, 2026.
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 mineral
exploration projects in British Columbia and Nevada.
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
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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 statements include but are not limited to ob taining financing, exploration permits, exploration of
properties for minerals, liquidity of the common shar es 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 pe rformance. 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 Co mpany’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
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. 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.