December 07, 2004

BACA OIL & GAS PROJECT
Lexam Explorations Inc. has been informed by Petro Hunt, LLC, that its joint venture partner on the Baca Oil & Gas Project, has decided against further exploration and development of the project.

February 23, 2004

LEXAM ADVANCES OIL & GAS PROPERTY
Lexam Explorations Inc. is pleased to announce it has entered into an Agreement with a leading independent and privately held oil & gas company from Dallas, Texas. The company is to conduct additional exploration of Lexam’s 100,000+ acre oil & gas proper ty located in Colorado and has the right to perform work on the property for up to two (2) years.