Memorandum of Understanding Regarding Option to Acquire Garfield Hills Property in Nevada

Core Viewpoint - Lexston Mining Corporation has announced a memorandum of understanding to acquire 128 mineral claims in Mineral County, Nevada, known as the Garfield Hills Property, which is adjacent to a property owned by Guardian Metals Resources Plc that has reported high-grade mineralization [1][3]. Group 1: Acquisition Details - The memorandum of understanding was signed with 2730573 Alberta Ltd. and its subsidiary, Imperium Mine Supply Corp., regarding the assignment of an option to acquire the Garfield Hills Property [2]. - The Company has until November 30, 2025, to complete due diligence on the Garfield Property, after which it will pay $45,000 and issue 1,600,000 shares to 2730573 Alberta Ltd. if satisfied [4]. - To earn a 100% interest in the Garfield Property, the Option Agreement requires total cash payments of $130,000 and shares valued at $90,000, amounting to $220,000 [5]. Group 2: Financial Terms - The Option Agreement stipulates that the optionors will receive 1.5% of net smelter returns from all mineral products produced from the claims, with the Company having the right to repurchase 1.0% of this for a one-time payment of $150,000 [5]. - Payment schedule under the Option Agreement includes: 1. $10,000 in cash and $15,000 in shares within six months 2. $25,000 in cash and $20,000 in shares within 12 months 3. $40,000 in cash and $25,000 in shares within 24 months 4. $55,000 in cash and $30,000 in shares within 36 months [7]. Group 3: Company Overview - Lexston Mining Corporation is a Canadian mineral exploration company focused on acquiring and developing mineral projects to enhance stakeholder value [6]. - The Company is currently in the exploration stage and has a project in British Columbia [6].