May 12, 2000

MACKENZIE GOLD PROJECT SOLD TO CAMBIEX EXPLORATION INC.
Lexam Explorations Inc. (ME: LEX) is pleased to announce the sale of its 40% interest in its mineral leases located in the Hope Bay Greenstone Belt of Nunavut to Cambiex Explorations Inc. The consideration received was 1,750,000 shares of Cambiex .

February 28, 2000

U.S. $8 MILLION EXPLORATION AGREEMENT SIGNED TO TEST OIL AND GAS TARGETS
Lexam Explorations Inc. is pleased t o announce today that it has signed an agreement with Hyperion Resources Corp. of Va ncouver who intends to invest at least U.S. Eight Million Dollars (US$8,000,000) into the exploration of Lexam’s oil and gas rights in the San Luis Basin in Saguache County, Colorado.