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November 30, 2009
THIRD QUARTER 2009 RESULTS
Toronto, November 30, 2009 LEXAM EXPLORATIONS INC. (TSX-V:LEX) (PINK SHEETS:LEXEF) today reported financial results for the Third Quarter, 2009. The Company recorded net earnings of $1,664,740 ($0.03 per share) as compared to $588,263 ($0.01 per share) for the Third Quarter, 2008. The market value of securities, cash and other monetary assets minus total liabilities increased to approximately $38.6 million during the Third Quarter, 2009 versus $11.0 million in the respective period, 2008 and $16.5 million at the end of the Second Quarter, 2009.
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October 21, 2009
EARLY EXERCISE OF VG GOLD WARRANTS INCREASES OWNERSHIP TO 42%
Toronto, October 21, 2009 LEXAM EXPLORATIONS INC. (TSX-V:LEX) is pleased to announce it has acquired ownership of 37,500,000 common shares of VG Gold Corp. by exercising 37,500,000 warrants at an exercise price of C$0.15 per warrant for total proceeds to VG Gold of C$5,625,000.
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October 05, 2009
Toronto, October 5th, 2009 LEXAM EXPLORATIONS INC. (TSX-V:LEX) is pleased to announce that it has exercised its right, pursuant to the July 2009 subscription agreement, to nominate a director to the VG Gold Corp board. Effective October 2, 2009 Mr. John Drake’s nomination has been accepted by the VG Gold board.
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September 04, 2009
BACA OIL & GAS PROJECT UPDATE
Toronto, September 4, 2009 LEXAM EXPLORATIONS INC. (TSX-V:LEX) announces that the federal District
Court in Denver, Colorado granted San Luis Valley Ecosystem Council’s (SLVEC) Motion for a Preliminary
Injunction against the United States Fish and Wildlife Service. Lexam is disappointed by the Court’s decision as it
prohibits any exploration drilling by the company until a final ruling is reached in the litigation. The timing of any
such ruling is unknown at this time. Lexam intends to update shareholders on the ongoing litigation once more details become available.
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September 01, 2009
LEXAM COMPLETES $3 MILLION
INVESTMENT IN VG GOLD
Toronto, September 1, 2009 LEXAM EXPLORATIONS INC. (TSX-V:LEX) is pleased to announce that it has
completed the second tranche of its $3,000,000 strategic investment in VG Gold Corp. (“VG Gold”) for an
aggregate subscription of 37,500,000 units issued by way of a private placement. Each unit was priced at C$0.08
and included one common share and one common share purchase warrant exercisable at $0.15 per share for a
period of eighteen months. Lexam now owns approximately 27% of VG Gold’s outstanding shares and 42% on a
partially diluted basis. Lexam is VG Gold’s largest shareholder.
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August 19, 2009
Second Quarter 2009 Financial Results
LEXAM EXPLORATIONS INC. (TSX-V:LEX /OTC:LEXEF) today reported financial results for the Second Quarter, 2009. The Company recorded net earnings of $59,416 ($0.00 per share) versus $76,874 ($0.00 per share) for the Second Quarter ended 2008. Working capital increased to approximately $17.9 million
during the Second Quarter, 2009 versus $8.6 million in the respective period, 2008 and $11.8 million at the end of the First Quarter, 2009.
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July 21, 2009
LEXAM Announces C$3 MILLION INVESTMENT In VG GOLD.
Exploration Next To Major Mines In Timmins, Ontario.
Promising Drill Results, Good High Grade Potential at Depth!
Toronto, July 21, 2009 LEXAM EXPLORATIONS INC. (TSX-V:LEX /OTC:LEXEF / Frankfurt:D2Q) is pleased to announce that it has agreed to make a C$3,000,000 strategic investment in VG Gold Corp. (“VG Gold”) for an
aggregate subscription of 37,500,000 units issued by way of a private placement. Each unit is priced at C$0.08 and includes one common share and one common share purchase warrant exercisable at $0.15 per share for a period of eighteen months. The private placement will be completed in two tranches. Upon closing of both tranches Lexam will own approximately 27% of VG Gold’s
outstanding shares and 42% on a partially diluted basis. The first tranche consisting of 12,594,814 units closed earlier today. Lexam is now VG Gold’s largest shareholder.
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May 28, 2009
First Quarter Results
Toronto, May 28, 2009 LEXAM EXPLORATIONS INC. (TSX-V:LEX /OTC:LEXEF /
Frankfurt:D2Q) is pleased to announce financial results for the first quarter of 2009.
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May 20, 2009
Lexam Baca Project Update
Toronto, May 20, 2009 LEXAM EXPLORATIONS INC. (TSX-V:LEX) wishes to update
shareholders on the progress of the legal proceeding affecting its Baca Oil & Gas Project
in Colorado.
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April 27, 2009
Lexam Explorations Inc.: Fourth Quarter Results
LEXAM EXPLORATIONS INC.is pleased to announce financial results for the fourth quarter and year ending 2008, an update on the Baca Oil and Gas Project in Colorado, USA and Otish Uranium Project in Quebec, Canada.
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February 24, 2009
LEXAM & GOLDEN VALLEY EXTEND NEAR SURFACE
MINERALIZATION AT OTISH URANIUM PROJCT
0.072% U3O8 over 6.33 m, incl. 0.196% U3O8 over 1.46 m
Toronto, February 24, 2008, LEXAM EXPLORATIONS INC.and its partner, Golden Valley Mines are pleased to
announce the final series of drill holes from their 2008 exploration program at the Otish
Uranium Project in north-central Québec. Drilling has continued to successfully intersect
widespread, near surface uranium mineralization. Highlights include 0.072% U3O8 over
6.33 m, including 0.196% U3O8 over 1.46 m, starting just 21.5 metres below surface.
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February 11, 2009
Toronto, February 11, 2009 LEXAM EXPLORATIONS INC.
wishes to update shareholders on the progress of the legal proceeding
affecting its Baca Oil & Gas Project in Colorado.
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January 26, 2009
OTISH URANIUM DRILL RESULTS CONTINUE TO
EXTEND NEAR SURFACE MINERALIZATION
Toronto, January 26, 2009, LEXAM EXPLORATIONS INC. (TSX-V:LEX /OTC:LEXEF / Frankfurt:D2Q) and its partner, Golden Valley Mines (TSX-V:GZZ) announce that their
drilling continues to intersect widespread, near surface uranium mineralization at the Otish Uranium Project in north-central Québec. Core drill results from the North Zone (Takwa) intersected 0.06% U3O8 over 5.3 metres, including 0.1% U3O8 over 1.7 metres starting just 7.8 metres below surface.
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