Lexston Comments ON Recent Market Activity
929 Mainland Street
Vancouver, BC V6B 1S3
Phone
Website
(604) 928-8913
www.lexston.ca
News Release
LEXSTON COMMENTS ON RECENT MARKET ACTIVITY
Vancouver, British Columbia, Ju ly 3, 2024. Lexston Mining Corporation (the “Company” or “Lexston”)
(CSE: LEXT) (OTCQB: LEXTF) (Frankfurt: W5G) wishes to make the following statements regarding certain
market activity surrounding its common shares (the” Shares”) traded on the OTCQB market pursuant to
the request of OTC Markets Group Inc. (“OTC Markets”).
1. Company’s full understanding of the promotional activities is:
a) The Company became aware of the promotional activities on June 28, 2024.
b) The effect of the promotional activities on the trading activity of the Company’s security . The
Shares of the Company started trading on the OTCQB market on May 17, 2024. On June 28, 2024,
a newsletter was brought to the attention of the Company by OTC Markets. The Company
observed increased trading volumes of the Shares on the OTCQB market on May 28, 2024, June
18, 2024, June 20, 2024, June 21, 2024, June 25, 2024, June 26, 2024, June 27, 2024 and June 28,
2024. The newsletter dated June 27, 2024, was not authorized or reviewed by the Company and
promotes the shares of the Company as well as shares of certain other entities mentioned in the
newsletter. The effect of the newsletter on the trading activity of the Company ’s shares is not
clear.
c) A clear description of the source and content of the promotional activities . The source of the
promotional materials was the newsletter disseminated by Primetime Profiles. While the
Company agrees with the identification of the mineral properties of the Company, the newsletter
included information and promotional language that went beyond the factual statements in the
Company's news releases. The Company is a junior exploration company and, as such cannot
provide any assurance with respect to the future growth of value for its shareholders. Investment
in the shares of the Company is highly speculative.
2. The Company, its officers and directors were not involved directly or indirectly with the creation, pay-
ment, or distribution of this newsletter.
3. The management of the Company did not review the newsletter before it was brought to the attention
of the Company by OTC Markets. The newsletter presented some factual statements regarding the Com-
pany, its business and industry, seemingly drawn from the Company's news releases. While the Company
agrees with the factual statements in the newsletter that were based on prior news releases, the news-
letter included information and promotional language that went beyond the factual statements in the
Company's news releases. The Company had no editorial control over the content in the newsletter and
is unaware of the full nature of the advertising activity or the responsible parties.
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4. The Company made inquiries and confirms that it is not aware of any directors, officers or shareholders
owning 10% or more of the Company's Common Shares, that may have directly or indirectly been involved
in any way with the creation or distribution of the newsletter. The Company was informed that its service
provider Hillside Consulting and Media Inc., made a payment in the amount of $45,000 USD to Primetime
Profiles to disseminate publicly available information about the Company. The Company was informed
that Hillside Consulting Media Inc. and Primetime Profiles are not related entities.
5. The following is the information with respect to the purchase and/or sale of securities of the Company
by directors, officers, insiders controlling shareholders and any third-party service providers known to the
Company during the last 90 days. Hillside Consulting and Media Inc., a third- party service provider pur-
chased 150,000 common shares. Mr. Bal, the CEO of the Company, purchased 1,000,000 units (consisting
of 1 share and one share purchase warrant) pursuant to the last private placement , exercised 150,000
stock options and sold 1,010,500 common shares . Mr. Manhas, the CFO of the Company , purchased
166,667 units (consisting of 1 share and one share purchase warrant) pursuant to the last private place-
ment. Mr. Sharples, a director of the Company, purchased 806,667 units (consisting of 1 share and one
share purchase warrant) pursuant to the last private placement and sold 755,000 common shares. Mr.
Garland, a director of a subsidiary of the Company, purchased 100,000 units (consisting of 1 share and
one share purchase warrant) pursuant to the last private placement. Mr. Bal, Mr. Manhas, Mr. Sharples
and Mr. Garland have reported their transactions on SEDI in compliance with insider reporting require-
ments under applicable securities laws. All directors, officers and reporting insiders are required to report
their purchases and sales of Company securities on SEDI, and to, the knowledge of the Company, such
filings are up to date in that regard.
To the knowledge of the Company, no other officer, director, control person or third -party service pro-
vider has sold or purchased the Company’s securities within the past 90 days.
6. During the last twelve months marketing and advertising services to the Company have been provided
by Hillside Consulting and Media Inc., which was retained as of June 12, 2024.
7. On May 15, 2024, the Company closed a non -brokered private placement of $419,960 through the
issuance of 6,999,333 units at a price of $0.06 per unit (the “Private Placement”). Each unit consisted of
one common share and one common share purchase warrant. Each common share purchase warrant
entitles the holder to purchase one common share at a price of $0.08 for two years from the date of
issuance and will expire on May 15, 2026. All securities issued pursuant to the Private Placement are sub-
ject to a four -month statutory hold period until September 16, 2024. The Units pursuant to the Private
Placement were issued priced in within the permitted discount pursuant to the Policies of the Canadian
Securities Exchange.
The public disclosure record of the Company is available at www.sedarplus.ca under the profile of the
Company.
About Lexston Mining Corporation
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The Company is a Canadian mineral exploration company, focused on the acquisition and development
of mineral projects. The Company has mineral exploration project s in British Columbia and Nunavut ,
Canada.
The Company (OTCQB: LEXTF) 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. Investors can f ind 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.