Appointment of Director

Lexington Gold (AIM: LEX; OTCQB: LEXLF), the gold exploration and development company with projects in South Africa and the USA, is pleased to announce the appointment of Mr Mark Greenwood as a Non-Executive Director of the Company with immediate effect.

Mr Mark Greenwood has over 40 years of experience in international banking, capital markets, equity research and broking, investment banking and corporate leadership across the natural resources, financial services, oil & gas, natural resources, information technology and property sectors.

Mr Greenwood graduated in law with honours in 1977 and commenced his career in financial services with HSBC in London and Dubai as a commercial banker. He subsequently joined E.F. Hutton & Co. in Dubai, where he traded commodity futures, before moving to Cyprus and later Hong Kong in 1985 as a bank credit analyst with Capital Intelligence.

In 1987, he became the first foreigner to broker the Thai Stock Market to institutional investors and has since been based in Thailand. His career has included senior positions as Country Manager for Crosby Securities (later Société Générale) and Asia Equity (now BNP Paribas), where he was engaged in research, sales and investment banking. He was voted "Best Analyst" by Euromoney on multiple occasions, while Asia Equity was voted "Best Thai Stockbroker" during his tenure.

Mr Greenwood has also held CEO and senior management positions in several listed companies across the oil & gas, information technology and property sectors. He remains active in the capital markets and became a significant shareholder in Lexington Gold following the acquisition of its USA assets in 2020.

In addition to his Non-Executive Director role, Mr Greenwood will support Lexington Gold in public relations, investor relations, and capital markets activities.

Commenting on the appointment, Ed Nealon, Non-Executive Chairman of Lexington Gold, said: "On behalf of the Board, I am delighted to welcome Mark Greenwood to Lexington Gold. Mark brings with him extensive experience in international capital markets, corporate leadership and investor engagement. He has been a longstanding supporter of Lexington Gold and is also one of our larger shareholders, currently holding approximately 7.5% of the Company's issued share capital. His additional role in assisting us with PR, IR and capital markets will be invaluable as we continue to advance our exploration portfolio in the USA and South Africa."

Mark Greenwood, Non-Executive Director, commented: "I am honoured to be joining the Board of Lexington Gold as Director at such an important stage in the Company's growth. Having been a significant shareholder since the acquisition of the USA assets in 2020, I have followed the Company's progress closely and believe its project portfolio offers massive unrealised potential. I look forward to contributing my experience in capital markets, corporate leadership and investor relations to support Bernard, Ed and the wider team as we continue to develop our assets in South Africa and the USA. With a clear strategy and supportive shareholder base, I am confident Lexington Gold is entering a very exciting phase of value creation."

Regulatory Disclosures

In accordance with Schedule 2(g) of the AIM Rules for Companies, the following information is disclosed in respect of Mr Mark Mitchell Greenwood, aged 69:

Current directorships / partnerships:

• Clean Island Solutions Ltd (Thailand) - appointed 2006
• Orchards (Thailand) Ltd (Thailand) - appointed May 2005
• Orchards Ban Tai Ltd (Thailand) - appointed May 2005
• Mai Kheao Co Ltd (Thailand) - appointed 1990
• Terrence Terrace Ltd (Thailand) - appointed 2019
• Beckham Beach Ltd (Thailand) - appointed 2020
• Baan Taling Ngam Chantra (One) Co Ltd (Thailand) - appointed 1996

Directorships / partnerships held within the last five years:

None

Mark Greenwood was the sole director and largest creditor of Bear and Ragged Staff Ltd, which was wound up pursuant to a creditors' voluntary liquidation that concluded in September 2019 with approximately £1,298,000 outstanding to creditors (of which £1,146,000 was owed to Mr Greenwood). Since the conclusion of the wind up in 2019, all monetary obligations relating to the liquidation have been discharged and no appeals or other proceedings challenging the result have been made or are pending.

Mr Greenwood currently holds 32,451,666 ordinary shares in Lexington Gold, representing approximately 7.45% of the Company's issued share capital.

Save as disclosed above, there is no further information to be disclosed in relation to Mr Greenwood's appointment under Schedule 2(g) of the AIM Rules for Companies.