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LEXT.CN ·

Stock Options Granted

Corporate Updates

929 Mainland Street

Vancouver, BC V6B 1S3

Phone

Email

Website

(604) 928-8913

[email protected]

www.lexston.ca

News Release

Lexston Mining Corporation Announces Stock Option Grant

Vancouver, British Columbia, August 21, 2026. Lexston Mining Corporation (the “Company” or “Lexston”)

(CSE: LEXT) (OTCQB: LEXTF) (Deutsche Börse Frankfurt: L75) announces a stock option grant.

Stock Option Grant

The Company announces that it has granted incentive stock options to certain directors, officers, and

consultants to purchase up to an aggregate of 650,000 common shares in the Company pursuant to the

Company’s share option plan. The options are exercisable for a period of five years at a price of $0.08 per

share. The options, and any underlying common shares issued on exercise thereof, will have a hold period

expiring December 21, 2026, in accordance with the policies of the Canadian Securities Exchange and

applicable securities laws.

About Lexston Mining Corporation

Lexston Mining Corporation is a Canadian mineral exploration company focused on the acquisition and

development of mineral projects. The Company’s objective is to advance its mineral exploration portfolio

and create value for stakeholders. Lexston currently has mineral exploration projects in British Columbia

and Nevada and is evaluating acquisitions of the mineral claims in Guyana.

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 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.

Page | 2

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 informat ion 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 s uch

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, competi tive, 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 Advisory Board, 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

the estimates, beliefs, intentions and expectations expressed or implied in the forward- looking

information. Except as required under applicable securities legislation, the Company does not undertake

to publicly update or revise forward-looking information.

The Company is presently an exploration stage company. Exploration is highly speculative in nature,

involves many risks, requires substantial expenditures, and may not result in the discovery of mineral

deposits that can be mined profitably. Furthermore, t he 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.