Lexston Mining Corporation Closed the Private Placement

(TheNewswire)

Vancouver, British Columbia, January 20, 2026 –TheNewswire - LexstonMining Corporation (the “Company” or “Lexston”) (CSE:LEXT) (OTC: LEXTF) (Deutsche Börse Frankfurt: L75)  is pleased to announce that further toits news release dated December 24, 2025, the Company closed a fullysubscribed non-brokered private placement and raised gross proceeds of$500,000 through theissuance of 6,250,000 units at a price of $0.08 per unit (the“PrivatePlacement”).  Each unit consists of onecommon share and one common share purchase warrant.  Each commonshare purchase warrant entitles the holder to purchase one commonshare at a price of $0.10 for five years from the date ofissuance.

The Company plans to use the proceeds from the PrivatePlacement for exploration expenditures and general working capital. No finder’s fees were paid in relation to the Private Placement.

All securities issued pursuant to the Private Placementare subject to a four-month statutory hold period until May 21,2026.

About Lexston MiningCorporation

The Company is a Canadian mineral exploration company,focused on the acquisition and development of mineral projects, withthe objective to enhance value to all its stakeholders. The Companyhas mineral exploration projects in British Columbia and Nevada.

On Behalf of the Board ofDirectors

LEXSTON MINING CORPORATION

Jagdip Bal

Chief Executive Officer

Telephone: (604) 928-8913

Email: [email protected]

The Canadian Securities Exchange hasnot reviewed and does not accept responsibility for the adequacy oraccuracy of the content of this news release.

Forward-looking statements

This news release contains"forward-looking information" under applicable Canadiansecurities legislation. Such forward-looking information reflectsmanagement's current beliefs and are based on a number ofestimates and/or assumptions made by and information currentlyavailable to the Company that, while considered reasonable, aresubject to known and unknown risks, uncertainties, and other factorsthat may cause the actual results and future events to differmaterially from those expressed or implied by such forward-lookinginformation. Readers are cautioned that such forward-lookinginformation are neither promises nor guarantees and are subject toknown and unknown risks and uncertainties including, but not limited to, general business,economic, competitive, political and social uncertainties, uncertainand volatile equity and capital markets, lack of available capital,actual results of exploration activities, environmental risks, futureprices of base and other metals, operating risks, accidents, labourissues, objections by aboriginal people, delays in obtaininggovernmental approvals and permits, obtaining consents of aboriginalpeople and other risks in the mining industry.

These statements include but are notlimited to obtaining financing, exploration permits, exploration ofproperties for minerals, liquidity of the common shares of the Companyand future financings of the Company. These statements reflectmanagement's current estimates, beliefs, intentions, andexpectations. They are not guarantees of future performance. TheCompany cautions that all forward-looking statements are inherentlyuncertain and that actual performance may be affected by many materialfactors, many of which are beyond the Company’s control. Suchfactors include, among other things: risks and uncertainties relatingto the acquisition of new properties, liquidity of the common sharesof the Company, financings, the market valuing the Company in a mannernot anticipated by management of the Company.  Accordingly, actualand future events, conditions and results may differ materially fromthe estimates, beliefs, intentions and expectations expressed orimplied in the forward-looking information. Except as required underapplicable securities legislation, the Company does not undertake topublicly update or revise forward-looking information.

The Company is presently anexploration stage company. Exploration is highly speculative innature, involves many risks, requires substantial expenditures, andmay not result in the discovery of mineral deposits that can be minedprofitably. Furthermore, the Company currently has no reserves on itsproperties. As a result, there can be no assurance that suchforward-looking statements will prove to be accurate, and actualresults and future events could differ materially from thoseanticipated in such statements.

Copyright (c) 2026 TheNewswire - All rights reserved.