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LEXT.CN ·

Stock Options Cancelled

Corporate Updates

929 Mainland Street

Vancouver, BC V6B 1S3

Phone

Email

Website

(604) 928-8913

[email protected]

www.lexston.ca

For Immediate Release

Lexston announces cancellation of Stock Options

Vancouver, British Columbia, May 20, 2026. Lexston Mining Corporation (the “Company” or “Lexston”)

(CSE: LEXT) (OTCQB: LEXTF) (Frank furt: W5G) announces that it has cancelled an aggregate of 1,430,000

incentive stock options (the “Cancelled Options”) previously held by certain directors, officers, employees,

and consultants of the Company. The Cancelled Options were comprised of the following:

Number of Cancelled

Options

Original Date of

Grant Expiry Date Exercise Price

700,000 July 22, 2025 July 22, 2030 $0.155

730,000 June 27, 2025 June 27, 2030 $0.14

As of the date of this news release Lexston has 1,025,000 stock options granted and 1,484,330 options

available for future grants.

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 and Nevada.

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.