Lexington Revises CBM Drilling Schedule in Oklahoma

Lexington Resources reports that continued drilling on Coal Bed Methane gas targets on its Wagnon Lease in Pittsburg County, Oklahoma, have been rescheduled to commence in mid May, 2004. Two additional wells (Kyndal #2-2 and the Bryce #3-2) to be drilled on the property sequentially have been rescheduled due to the overwhelming demand for drill rigs caused by the active pace of drilling in the region. A total of four to five horizontal gas wells are planned on this lease. As with the previous successfully completed Kellster 1-5 well, the Company has contracted with one of the largest CBM experienced drillers in the State of Oklahoma.

The Company also announces that it has completed the purchase of a three year lease of approximately 300 acres spread over 5 sections located in Hughes County, Oklahoma as part of the area known as the Panther Creek Gas Prospect. The lease represents an average 81.5% net revenue interest in the acquired lands and a 100% working interest with gas targets being the Hartshorne Coal, and possibly the deeper Caney Shale zone. All possible producing zones on the property are controlled by the Company. Lexington Resources is in negotiations for additional tracts of prime acreage in the area in the gas producing domain of Oklahoma's Arkoma basin.

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