Lexington to Participate in Newfield Wells in Oklahoma

Lexington Resources will participate in a well to be drilled and operated by Newfield Exploration. The well target is in the vicinity of Company leases on its Panther Creek Prospect located in Hughes County, Oklahoma. This new well targets gas in the Hunton formation and expects to explore other zones up to 8500 feet in depth. Lexington will earn an approximate 11% working interest in the new well. Newfield has the right to drill the well until December 31, 2005.