Lexston Mining Closed the Private Placement

About this update from Lexston Mining Corporation

Vancouver, British Columbia, January 20, 2026 – TheNewswire - Lexston Mining Corporation (the “Company” or “Lexston”) (CSE: LEXT) (OTC: LEXTF) (Deutsche Börse Frankfurt: L75)  is pleased to announce that further to its news release dated December 24, 2025, the Company closed a fully subscribed non-brokered private placement and raised gross proceeds of $500,000 through the issuance of 6,250,000 units at a price of $0.08 per unit (the “Private Placement”).  Each unit consists 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 $0.10 for five years from the date of issuance. The Company plans to use the proceeds from the Private Placement 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 Placement are subject to a four-month statutory hold period until May 21, 2026. 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 mineral exploration projects in British Columbia and Nevada. 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. 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 information 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 such 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, ...

View stock analysis, news, and events for Lexston Mining Corporation