Lexston Mining Signs MOU for Garfield Hills Property Option
Vancouver, British Columbia — November 12, 2025 — Leads & Copy — Lexston Mining Corporation (CSE: LEXT) (OTCQB: LEXTF) (Frankfurt: W5G) has announced a memorandum of understanding (MOU) to acquire an option for 128 mineral claims in Mineral County, Nevada, known as the Garfield Hills Property.
The MOU was signed with 2730573 Alberta Ltd., and its Nevada-based subsidiary, Imperium Mine Supply Corp., regarding the proposed assignment of the Option To Acquire the Garfield Hills Property Term Sheet, dated August 31, 2025, and the Definitive Option Agreement, effective as of October 22, 2025.
Jag Bal, CEO of Lexston Mining, stated that the northern and eastern flank of the Garfield Property, is contiguous with property owned by Guardian Metals Resources Plc. Guardian Metals Resources reported high-grade gold, silver, and copper mineralization on its Garfield Property in a news release dated November 3, 2025. Bal added that, subject to entering into a binding option assignment agreement, Lexston plans to investigate the projected extensions of all the zones reported by Guardian.
Under the MOU, Lexston Mining has until November 30, 2025, to complete due diligence on the Garfield Property. If satisfied, the company will enter into a definitive assignment agreement, paying $45,000 and issuing 1,600,000 shares to 2730573 Alberta Ltd., assuming the rights and obligations of 2730573 Alberta Ltd. under the Term Sheet and of Imperium Mine Supply Corp. under the Option Agreement.
To secure 100% interest in the Garfield Property, the Option Agreement requires Lexston to make cash payments of $130,000 and issue shares valued at $90,000, totaling $220,000, to three optionors. These payments are structured as follows:
- Within six months from August 31, 2025: $10,000 cash and $15,000 in shares.
- Within 12 months from August 31, 2025: $25,000 cash and $20,000 in shares.
- Within 24 months from August 31, 2025: $40,000 cash and $25,000 in shares.
- Within 36 months from August 31, 2025: $55,000 cash and $30,000 in shares.
The optionors retain the right to receive 1.5% of net smelter returns on mineral products from the Garfield Property. Lexston Mining can repurchase 1.0% of this for a one-time payment of $150,000.
The Assignment Agreement is contingent on acceptance by the Canadian Securities Exchange.
Lexston Mining Corporation is a Canadian mineral exploration company focused on acquiring and developing mineral projects to enhance value for its stakeholders. It has a mineral exploration project in British Columbia and trades on the OTCQB Venture Market under the ticker LEXTF.
Jagdip Bal, Chief Executive Officer of Lexston Mining Corporation, can be contacted at Telephone: (604) 928-8913 or Email: info@lexston.ca
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 subject to risks, uncertainties, and other factors. Actual results and future events may differ materially. 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. Except as required under applicable securities legislation, the Company does not undertake to publicly update or revise forward-looking information. Investment in the securities of the Company is risky, and 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.
Source: Lexston Mining Corporation
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