Lexston Mining Corporation Appoints Veteran Geologist Buddy Doyle to Advisory Board and Announces Stock Option Grant

Lexston Mining Corporation has announced the appointment of Buddy Doyle to its newly established Advisory Board, bringing 40 years of mineral exploration experience to the company. Doyle's career includes over 23 years at Rio Tinto PLC, where he most recently served as Exploration Vice President of Kennecott Canada Exploration Inc., overseeing diamond exploration activities across North America. His significant contributions include playing a key role in the discovery of the multi-million-ounce Minifie gold deposits at Lihir during 1987-1988 and leading the team that discovered the Diavik diamond deposits in 1994-1995. Few geologists have witnessed two projects progress from discovery through to a mining decision, making Doyle's expertise particularly valuable.

Recognized within the mineral exploration industry as an expert in diamond exploration and kimberlite geology, Doyle has authored or co-authored numerous papers on these subjects and received the Hugo Dummitt Award for excellence in diamond exploration in 2007. Since departing from Rio Tinto, he has continued his involvement in the diamond sector through consulting and directorships. As CEO of Amarillo Gold from 2004 to 2017, he oversaw a near-production gold project in Brazil, and as a founder and director of Western Potash from 2007 to 2017, he contributed to the discovery and development of the now-operational Milestone Potash Project in Saskatchewan. Doyle is also a Fellow of AusIMM, a professional association.

Jag Bal, CEO of Lexston Mining Corporation, commented on the appointment, stating that the company created the Advisory Board for talented and accomplished individuals in the mining industry and expressed pleasure in having Doyle as the first member. Bal noted that Doyle is very accomplished in exploration and that the company looks forward to his input in their exploration portfolio. This appointment is part of Lexston's strategy to leverage seasoned expertise as it focuses on acquiring and developing mineral projects to enhance value for stakeholders, with current projects located in British Columbia and Nevada.

In addition to the Advisory Board appointment, Lexston announced a stock option grant to certain directors, officers, and consultants. The company has granted incentive stock options to purchase up to an aggregate of 400,000 common shares pursuant to its share option plan. The options are exercisable for five years at a price of $0.115 per share and will have a hold period expiring April 15, 2026, in accordance with the policies of the Canadian Securities Exchange and applicable securities laws. This move aligns the interests of key personnel with those of shareholders and may support the company's exploration efforts by incentivizing performance.

The implications of these announcements are significant for Lexston's future operations. Doyle's appointment brings proven discovery success and industry recognition, potentially enhancing the company's exploration capabilities and credibility in competitive markets. His experience with major discoveries like the Diavik diamond deposits and Minifie gold deposits could inform strategic decisions and improve the odds of successful exploration outcomes. The stock option grant, meanwhile, serves to motivate and retain talent, fostering a culture aligned with long-term growth. Investors can access real-time quotes and market information for Lexston at https://www.otcmarkets.com, where the company trades on the OTCQB Venture Market, which serves early-stage and developing companies. These developments come as Lexston operates as an exploration-stage company, where exploration is highly speculative and involves substantial risks, but Doyle's track record may help mitigate some uncertainties.