Mr. Jagdip Bal reports

OPTION TO ACQUIRE GARFIELD HILLS PROPERTY IN NEVADA

Further to the memorandum of understanding news release dated Nov. 12, 2025, a definitive assignment agreement has been entered into by Lexston Mining Corp. to acquire 128 mineral claims located in Mineral county, Nevada, United States, known as the Garfield Hills property.

The company entered into an assignment agreement with 2730573 Alberta Ltd., an Alberta corporation, Imperium Mine Supply Corp. (a Nevada company and a subsidiary of 2730573 Alberta) and three individual optionors dated Nov. 18, 2025, and was assigned the option to acquire the Garfield Hills property term sheet between 2730573 Alberta and three individual optionors dated Aug. 31, 2025, and the definitive option agreement between Imperium Mine Supply Corp. and three individual optionors, effective as of Oct. 22, 2025.

Lexston initiates development plans in Walker Lane

Jag Bal, chief executive officer of Lexston, commented on the completion of the definitive assignment agreement: "Completing this definitive assignment agreement allows Lexston to begin our plan to develop and explore an active area of Walker Lane in Nevada. This area is of particular interest as it includes Guardian Metals, who have discovered high-grade mineralization of copper, gold and silver at the northern border of our claims. We are eager to commence our exploration plans in the near future."

Pursuant to the assignment agreement, as consideration for the assignment, the company will pay $45,000 and will issue 1.6 million shares to 2730573 Alberta.

Furthermore, to earn a 100-per-cent interest in the Garfield property, pursuant to the option agreement, the company will make cash payments in the amount of $130,000 and will issue shares valued at $90,000 for total consideration of $220,000 to three optionors as follows:

1. Within six months from Aug. 31, 2025, $10,000 payable in cash and $15,000 in shares;
2. Within 12 months from Aug. 31, 2025, $25,000 payable in cash and $20,000 in shares;
3. Within 24 months from Aug. 31, 2025, $40,000 payable in cash and $25,000 in shares; and
4. Within 36 months from Aug. 31, 2025, $55,000 payable in cash and $30,000 in shares.

The optionors have a right to receive 1.5 per cent of net smelter returns on all mineral products produced from all claims comprising the Garfield property. The company will have the right to repurchase 1.0 per cent of the 1.5-per-cent net smelter return for a one-time payment of $150,000.

The assignment agreement is subject to the acceptance by the Canadian Securities Exchange.

About Lexston Mining Corp.

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.

The company 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.

We seek Safe Harbor.