Lexington Resources (fka LXRS)

[Stock]

SEC wins $2.9-million (U.S.) court order against Pierce

2010-09-07 14:12 ET - Street Wire
by Mike Caswell
http://www.stockwatch.com/News/Item.aspx?bid=Z-C%3a*SEC-1758312&symbol=*SEC®ion=C

The U.S. Securities and Exchange Commission has won a court order in California giving Vancouver promoter Gordon Brent Pierce 21 days to pay $2.9-million in disgorgement and interest for the 2004 promotion of Lexington Resources Inc. (All figures are in U.S. dollars.) The SEC sought the order on June 8, 2010, arguing that Mr. Pierce had failed to pay his Lexington penalty even though one year had elapsed since it was imposed.

The fine stemmed from the spam-fuelled promotion of Lexington in 2004, during which Mr. Pierce dumped 1.9 million shares of the company, according to the SEC. The SEC launched two administrative actions against him in the wake of the promotion. In the first, the regulator won penalties totalling $2.9-million for 300,000 shares that Mr. Pierce sold through personal accounts. In the second action, which is still under way, the SEC is claiming that Mr. Pierce dumped 1.6 million shares through accounts in Liechtenstein in the names of two companies he controlled, Newport Capital Corp. and Jenirob Company Ltd.

The California judge, in ordering Mr. Pierce to pay his fine for the first action, rejected the promoter's contention that the SEC was effectively trying him twice for the same thing. She said that if Mr. Pierce feels the second action is unfair, then he should present that argument to the administrative judge hearing the case. Should he fail to convince that judge, he may then take his case to the appeal courts. She also found that Mr. Pierce would still be liable for his penalties from the first action even if he were victorious in the second case.

First Lexington case

The SEC launched the first case against Mr. Pierce on July 31, 2008, filing an administrative order instituting proceedings. In it, the regulator claimed that he pumped Lexington from $3 to $7.50 with spam, tout sheets and advertising on investing websites. In addition to Mr. Pierce, the order named one of his associates, Grant Atkins, as a respondent.

The scheme, as described by the SEC, began in November, 2003, when the two men took Lexington public on the pink sheets by merging it with a shell called Intergold Corp. As part of the transaction, the company improperly issued five million shares to Mr. Pierce and his associates in an S-8 offering. During the subsequent promotion, Mr. Pierce and others sold $13-million worth of that stock, the SEC claimed. This included $2.7-million worth that Mr. Pierce personally sold in the month of June, 2004.

Mr. Atkins settled the case without a hearing, agreeing to an order barring future violations of the U.S. Securities Act. He did not admit to any wrongdoing.

The SEC convened a three-day hearing in Seattle on Feb. 2, 2009, for Mr. Pierce. He did not personally attend, citing concerns that he could be arrested in the United States because the government was investigating his role with another company, CellCyte Genetics Corp. He instead sent his lawyer, Christopher Wells.

The judge, Carol Foelak, said that his failure to appear in person was unexpected. In a decision issued on June 5, 2009, she said she drew an "adverse inference" from his absence. Among other things, she was concerned that he did not provide any assurances to her that he would not commit any future violations, nor did he recognize the wrongful nature of his conduct.

In addition to the $2.04-million disgorgement order (which is now $2.9-million with interest) she entered an order instructing him not to commit future violations of the U.S. Securities Act.

Second Lexington case

The second case, filed on June 8, 2010, mostly repeated the allegations set forth in the initial action, but focused on shares sold by Newport and Jenirob. The SEC claimed that the two companies held 1.6 million shares of Lexington in accounts at Hypo Bank in Liechtenstein, which they sold during the promotion. The SEC was unable to determine who controlled those companies when it filed the initial case.

The regulator blamed the delay in uncovering the true ownership of the Liechtenstein accounts on Mr. Pierce. According to the order instituting proceedings, Mr. Pierce not only refused to help the SEC identify the true owner of the stock, he filed court cases in Liechtenstein in an attempt to prevent the SEC from uncovering the ownership.

In the second action, the SEC is seeking to recover $7.7-million in illicit profits from the scheme. The regulator has not yet held a hearing to decide that case.

Pierce's BCSC ban

While Mr. Pierce is facing the possibility of substantial fines in the United States, he has now finished serving a 15-year ban the B.C. Securities Commission imposed on him in 1993. In that case, Mr. Pierce admitted that a Vancouver Stock Exchange company, Bu-Max Gold Corp., raised $210,000 (Canadian) for exploration, but then paid $100,000 (Canadian) of that money to a private entity he controlled "for purposes which did not benefit Bu-Max." In addition to the ban, the BCSC fined him $15,000 (Canadian).

House for sale

Also back home, Mr. Pierce has placed his West Vancouver house up for sale. The 7,000-square-foot waterfront home is listed for $9.98-million (Canadian). The house has a has a full gym, three-car garage, hot tub, outdoor pool, tiled waterslide, movie theatre and a separate guest suite. Property records show that Mr. Pierce and his wife Dana purchased it on Aug. 15, 2007, for $10.4-million (Canadian). Potential buyers may contact Jason Soprovich, a realtor whose portfolio only includes high-value properties.

http://www.stockwatch.com/News/Item.aspx?bid=Z-C%3a*SEC-1758312&symbol=*SEC®ion=C

[Stock]

Registration Revoked by SEC **

NAME/SYMBOL CHANGES
DL Date Date Old Symbol/Name New Symbol/Name
11/19/2003 11/20/2003 IGCP Intergold Corporation Common Stock LXRS Lexington Resources, Inc. Common Stock

DIVIDENDS
Record Date Symbol Company Name Dividend Type
1/26/2004 LXRS Lexington Resources, Inc. Common Stock Stock Dividend or Split

SYMBOL CHANGES
DL Date Date Old Symbol New Symbol/Name
4/18/2007 4/20/2007 LXRS LXRSE Lexington Resources, Inc. Common Stock
5/22/2007 5/24/2007 LXRS LXRSE Lexington Resources, Inc. Common Stock
4/2/2008 4/4/2008 LXRS LXRSE Lexington Resources, Inc. Common Stock

SECURITY ADDITIONS
DL Date Symbol Company Name Effective Date OATS Reportable Flag Comments
4/10/2008 LXRS Lexington Resources, Inc. Common Stock 4/11/2008 Y From BB (LXRSE)**

SECURITY DELETIONS
Dl Date Symbol Company Name Effective Date/Comments
6/4/2009 LXRS Lexington Resources, Inc. Common Stock 6/5/2009 12(j) Registration Revoked by SEC **

http://www.otcbb.com/asp/dailylist_search.asp?DirectSymbol=LXRS&OTCBB=ALL

[Golden Cross]

Lexington Resources Announces New CBM Drilling on H-9 Prospect
Wednesday September 13, 9:15 am ET


LAS VEGAS, Sept. 13 /PRNewswire-FirstCall/ -- Lexington Resources, Inc.'s (OTC Bulletin Board: LXRS, Frankfurt, Berlin: LXR) (the "Company"), announces the drilling of a new Coal Bed Methane ("CBM") gas well on its H-9 Prospect. The well was drilled by the Company's Arkoma Basin exploration partner, Dylan Peyton, LLC. The Company and Dylan Peyton, LLC are partners in the new Grey 1-22H horizontal CBM gas targeted well drilled in Hughes County, Oklahoma. The Company's Arkoma Basin exploration partner Dylan Peyton, LLC has completed the drilling portion of the Grey 1-22H well. The well will be scheduled for fracture stimulation in the near term.
The Grey 1-23H well represents the Company and Dylan Peyton's first Company operated interests in exploration and development of the approximate 4,650 acre H-9 Prospect. To date, all of the Company and Dylan Peyton's CBM targeted prospects in Oklahoma have received initial exploration and development with the exception of their 320 acre Middle Creek Prospect.

The Company has interests in a total of 12 CBM gas targeted wells to date with production resultant on all prospect acreage; 2 of these wells are pending final completion. A 13th well is still pending final development on the Company's Coal Creek Prospect. A list of the Company's Oklahoma based well interests follows.



Well Well Type Prospect/County WI NRI

Bryce 3-2 Hartshorne Coal, Wagnon/Hughs 53.2000 40.2741
Horizontal

Caleigh 4-2 Hartshorne Coal, Wagnon/Hughs 53.2000 40.2741
Horizontal

Kellster #1 Hartshorne Coal, Wagnon/Hughs 53.2000 40.2741
Horizontal

Kyndall 2-2 Hartshorne Coal, Wagnon/Hughs 53.2000 40.2741
Horizontal

Lex 1-34 Hartshorne Coal, Coal Creek/Hughs 43.5625 34.4383
Horizontal

Brumbaugh 1-10 Hartshorne Coal, Coal Creek/Hughs 18.8889 14.9222
Horizontal

Peyton 1-25 Red Forks Sand, South Lamar/Hughs 45.0000 35.9912
Vertical

Nicole 2-23H Hartshorne Coal, South Lamar/Hughs 45.0000 35.9912
Horizontal

Dylan 1-24H Hartshorne Coal, South Lamar/Hughs 45.0000 36.2109
Horizontal

Gates 1-19 Hartshorne Coal, H-9 Non Op interest 5.0972 4.5309
Horizontal /MacIntosh

Gates 2-19 Hartshorne Coal, H-9 Non Op interest 5.0972 4.0396
Horizontal /MacIntosh

Gray 1-22 Hartshorne Coal, H-9/Hughs 45.7300 35.6694
Horizontal

About Lexington Resources, Inc.:
Lexington Resources, Inc. is a junior integrated natural resource exploration company engaged in the acquisition and development of oil and natural gas properties in the United States. Its current operational focus is on gas development initiatives in the Arkoma Basin, Oklahoma and the Dallas Fort Worth Basin in Texas. For further information see: www.lexingtonresources.com


Contact North America: Investor Relations, Lexington Resources, Inc.
Phone: Toll Free [phone] or [phone] Fax: [phone]
e-mail: [e-mail]

Contact Europe: International Market Trend AG
Phone: [phone] Fax: [phone]

Stock Exchange Information: Symbol: OTCBB -- LXRS
Frankfurt/Berlin Symbol -- LXR, WKN: AOBKLP, ISN: US5295611O25

[Golden Cross]

Lexington Resources Announces New Production From Non-Operated Interest in Gates 2-19 Horizontal Coal Bed Methane Well
Tuesday September 5, 9:15 am ET


LAS VEGAS, Sept. 5 /PRNewswire-FirstCall/ -- Lexington Resources, Inc.'s (OTC Bulletin Board: LXRS; Frankfurt, Berlin: LXR) (the "Company"), announces the Gates 2-19 horizontal Coal Bed Methane ("CBM") gas well has been completed by Orion Exploration, LLC ("Orion") with initial production of 700 - 830 MCF/Day. The Company and its Arkoma Basin CBM exploration-drilling partner Dylan Peyton, LLC participate equally in the aggregate 11.25% working interest and 8.91% net revenue interest in the Gates 2-19 well drilled by Orion in McIntosh County, Oklahoma. The Gates 2-19 CBM well follows from the successful Gates 1-19 horizontal CBM well recently completed by Orion that provided initial production of 1.4 MMCF/Day. The Company and Dylan Peyton, LLC have 72 acres of the 640 acre section undergoing drilling by Orion, which hold further two horizontal CBM drilling sites with the same participation percentage. The acreage forms part of the Company's original 5,170 acre H-9 Prospect that is under drilling development by Lexington Resources and Dylan Peyton, LLC.
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About Lexington Resources, Inc.: Lexington Resources, Inc. is a junior integrated natural resource exploration company engaged in the acquisition and development of oil and natural gas properties in the United States. Its current operational focus is on gas development initiatives in the Arkoma Basin, Oklahoma and the Dallas Fort Worth Basin in Texas. For further information see: http://www.lexingtonresources.com

[Golden Cross]

Lexington Resources Announces Current Projects Drilling and Completion Update
Wednesday July 5, 9:15 am ET


LAS VEGAS, July 5 /PRNewswire-FirstCall/ -- Lexington Resources, Inc.'s (OTC Bulletin Board: LXRS; Frankfurt, Berlin: LXR) (the "Company"), announces the following with respect to drilling project interests in progress:
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Oklahoma

New Well interest - Gates 2-19 horizontal Coal Bed Methane ("CBM") well: Following from the successful Gates 1-19 horizontal coal bed methane ("CBM") gas well recently completed by Orion Exploration, LLC, the Company announces its election to participate in the Gates 2-19 horizontal CBM proven undeveloped well on the same leasehold acreage. The Company and its Arkoma Basin CBM exploration-drilling partner Dylan Peyton, LLC participate equally in the 11.25% non-operated working interest and 8.91% net revenue interest in the Gates 19 series of wells to be drilled by Orion Exploration, LLC in McIntosh County, Oklahoma. The Company and Dylan Peyton, LLC have 72 acres of the 640 acre section undergoing drilling by Orion, which hold an aggregate of three horizontal CBM drilling sites with the same participation percentage, the second of which is in drilling development stages. The acreage forms part of the Company's original 5,170 acre H-9 Prospect that is under drilling development by Lexington Resources and Dylan Peyton, LLC.

Peyton 1-25 vertical CBM well: The Company's Arkoma Basin exploration partner Dylan Peyton, LLC has completed its CBM gas targeted vertical Peyton 1-25 well in an alternative gas sand zone located in close proximity to the CBM zone in which the well was drilled. The new well is located on Lexington Resources' South Lamar lease in Hughes County, OK. An 8,000 foot pipeline is in process of being completed to accommodate imminently expected production from both the Peyton 1-25 and the Nicole 1-23H well also in final completion stages.

The well encountered multiple possible gas bearing sand zones in addition to the Hartshorne Coal target. Acid and fracture stimulation ("frac") have been conducted. Production equipment has been installed. The Company and Dylan Peyton, LLC each have a 50% working interest in this well.

Nicole 1-23H horizontal CBM well: The Company's Arkoma Basin exploration partner Dylan Peyton, LLC is currently completing the Nicole 1-23H horizontal CBM gas well. The Nicole 1-23H well is located on the Company's South Lamar lease. The Nicole 1-23H has been fully drilled to a vertical depth of approximately 2,800 feet. Production equipment is being installed in conjunction with a water pumping unit and final hook up to the 8,000 foot pipeline also being utilized for the Peyton 1-25 well. The Company and Dylan Peyton, LLC each have a 50% working interest in this well. The well has not been fracture stimulated, and current plans are to not frac the well at this juncture to obtain early production and flow information.

Dylan 1-24H horizontal CBM well: The Company's Arkoma Basin exploration partner Dylan Peyton, LLC is also currently drilling the Dylan 1-24H horizontal CBM gas well. The vertical and curve sections of the well are complete at the current date with drilling now being conducted on the lateral section of the well bore. The Company and Dylan Peyton, LLC each have a 50% working interest in this well.

Texas

Oliver Unit #1H horizontal Barnett Shale well: The Company's wholly owned drilling company, Oak Hills Drilling and Operating, LLC ("Oak Hills") continues completion work relating to the Oliver Unit #1H well located in Tarrant County, TX. Oak Hills continues to recover frac fluid from the well bore and has effected well cleanout and mechanical work. Well production is in the 200-300 MCF/Day range and remains unpredictable. Management believes the well is not performing to expectation and production logs and relating testing have been ordered to further attempt to increase production. The Company owns a 100% working interest in this well.

Martin #1H horizontal Barnett Shale well: Oak Hills has completed the drilling portion of all sections of the Martin #1H horizontal Barnett Shale well located on Lexington's Martin Cantrell Lease in Parker County, Texas. The Company owns a 100% working interest in this well. The well will be scheduled for frac and completion subject to obtainment of adequate water resources.

Gilbert #1H horizontal Barnett Shale well: Drilling is ongoing at the Company's 1,211 contiguous acre Gilbert lease located in Palo Pinto County, TX. The Gilbert #1H horizontal Barnett Shale well is the first well to be drilled on the lease and Oak Hills is currently drilling of the curve leading to the lateral section of the well bore. The Company's 100% working interest in the Gilbert lease can support up to 10 horizontal gas wells on 120 acre spacing; seismic information obtained has aided the development of engineering and geological planning for drilling operations.

Paradise Park #1H horizontal Barnett Shale well: The Company has a 10% working interest in the Paradise Park #1H well that was drilled by Oak Hills under third-party contract for Ray Richey Management Company. The Paradise Park #1H horizontal gas well offsets the HHV Land #1H Barnett Shale horizontal gas well drilled by Oak Hills as third-party drilling contractor in April 2005. The well is scheduled for fracture stimulation on July 12-13 subject to water availability.

About Lexington Resources, Inc.: Lexington Resources, Inc. is a junior integrated natural resource exploration company engaged in the acquisition and development of oil and natural gas properties in the United States. Its current operational focus is on gas development initiatives in the Arkoma Basin, Oklahoma and the Dallas Fort Worth Basin in Texas. For further information see: www.lexingtonresources.com


Contact North America: Investor Relations, Lexington Resources, Inc.
Phone: Toll Free [phone] or [phone] Fax: [phone]
e-mail: [e-mail]

Contact Europe: International Market Trend AG
Phone: [phone] Fax: [phone]

Stock Exchange Information: Symbol: OTCBB - LXRS
Frankfurt/Berlin Symbol - LXR, WKN: AOBKLP, ISN: US5295611ø25

[Golden Cross]

Lexington Resources Increases Assets, Stockholders Equity, and Reserves
Wednesday April 12, 9:15 am ET


LAS VEGAS, April 12 /PRNewswire-FirstCall/ -- Lexington Resources, Inc. (OTC Bulletin Board: LXRS; Frankfurt, Berlin: LXR) (the "Company", "Lexington"), announces that on April 10, 2006, it released on SEC Form 8-K, unaudited consolidated pro forma financial statements for the period ended December 31, 2005 reflecting the acquisition by Lexington of Oak Hills Drilling & Operating International, Inc. ("Oak Hills") for 6,000,000 restricted common shares in the capital of Lexington Resources that occurred on January 23, 2006.
The unaudited pro forma statement of operations for the year ended December 31, 2005 gives effect to acquisition as if the transaction had occurred on January 1, 2005. The unaudited pro forma balance sheet as of December 31, 2005 gives effect to the aforementioned transaction as if the transaction had occurred as of that date.

Highlights from the pro forma unaudited financials statements as at December 31, 2005 include:


<> Consolidated Assets of the Company increased by 80.7% to $13.9
million from $7.7 million
<> Consolidated Stockholders Equity increased by 127.1% to $6.8 million
from $3.0 million
<> Consolidated Liabilities of the Company increased by 51% to $7.1
million from $4.7 million

Note: (consolidated debt has further decreased by over $2.5 million
since December 31, 2005)

The unaudited pro forma information should be read in conjunction with the notes thereto, the consolidated financial statements and notes of Lexington Resources as of December 31, 2005 and 2004 and for each of the two years then ended appearing in Lexington Resource's Form 10-KSB, and the consolidated financial statements of Oak Hills appearing elsewhere in the 8-K filing. The filing on Form 8-K dated April 10, 2006 can be viewed at the Security and Exchange Commission's website at: http://sec.gov/cgi-bin/browse- edgar?action=getcompany&CIK=0001060791&owner=include

Reserves Update

From the Company's Form 8K of February 13, 2006 on reserves of the Company for the year ended 2005, the report provided PDP/PUD category reserves discounted at PV10% of approximately $20.4 million. Reserves have increased almost five fold over those reported for the year ended 2004.

On January 6, 2006, the Company obtained an independent reserves and economic evaluation report regarding the nine producing wells in the Arkoma Basin and the approximately 7,506 acres of undeveloped leasehold in Hughes and McIntosh Counties in Oklahoma, and the approximately 3,240 acres of undeveloped leasehold in the counties located in Texas. The Reserves and Economic Evaluation was prepared by Pinnacle Energy Services, LLC of Oklahoma City, Oklahoma.

The filing on Form 8-K dated February 13, 2006 can be viewed at the Security and Exchange Commission's website at: http://sec.gov/cgi-bin/browse- edgar?action=getcompany&CIK=0001060791&owner=include

About Lexington Resources, Inc.: Lexington Resources, Inc. is a junior integrated natural resource exploration company engaged in the acquisition and development of oil and natural gas properties in the United States. Its current operational focus is on gas development initiatives in the Arkoma Basin, Oklahoma and the Dallas Fort Worth Basin in Texas. For further information see: www.lexingtonresources.com

Contact North America: Investor Relations, Lexington Resources, Inc. Phone: Toll Free [phone] or [phone] Fax: [phone] e-mail: [e-mail]


Contact Europe: International Market Trend AG
Phone: [phone] Fax: [phone]

Stock Exchange Information: Symbol: OTCBB - LXRS

[Golden Cross]

Lexington Resources Acquires New Barnett Shale Well and Drilling Interest in Johnson County, Texas
Tuesday April 11, 9:15 am ET


LAS VEGAS, April 11 /PRNewswire-FirstCall/ -- Lexington Resources, Inc. (OTC Bulletin Board: LXRS, Frankfurt, Berlin: LXR) (the "Company", "Lexington"), announces the Company's wholly owned drilling company, Oak Hills Drilling and Operating, LLC ("Oak Hills") is currently drilling a horizontal Barnett Shale gas well (Paradise Park #1H) on third-party contract for Ray Richey Management Company, Inc. Lexington receives a 10% working interest in the well and drilling contract service income at the rate of $14,500 per day, in addition to mobilization and demobilization fees. The Company has not completed 3D seismic programs required for the next well to be drilled on its own leases. Management opted to move to a third-party contract with well ownership participation, while its next drilling site is being prepared.
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The Company anticipates Oak Hills to be drilling on Lexington's own lease inventory in the Barnett Shale after release from the Paradise Park #1H well currently being drilled in Johnson County.

The new Barnett Shale Paradise Park #1H horizontal gas well offsets the HHV Land #1H Barnett Shale horizontal gas well drilled by Oak Hills as third- party drilling contractor in April 2005. The HHV Land #1H had initial production gas flows of approximately 3.6 MMCF/day and was the first well drilled by Oak Hills in the Barnett Shale after its rig was completely rebuilt in the winter of 2004. Oak Hills has already mobilized the drilling rig and is drilling the vertical section of the Paradise Park #1H well.

Grant Atkins, President of Lexington Resources comments, "Lexington's ownership of Oak Hills Drilling is already proving effective as we integrate our own drilling and completion services on our own projects. We have quality control over the development of our well interests from the comprehensive team of specialists in place at Oak Hills who can take a project from lease acquisition to well completion and through production. When drilling on our own leases, using our own drilling company keeps costs in check at a time when industry cost escalations are the norm. We also have the flexibility to provide drilling services to others, generating both well ownership participation interests and diversified service revenues for Lexington."

The Company intends to acquire additional drilling rigs in order to further increase its well drilling and completion capacity.

About Lexington Resources, Inc.: Lexington Resources, Inc. is a junior integrated natural resource exploration company engaged in the acquisition and development of oil and natural gas properties in the United States. Its current operational focus is on gas development initiatives in the Arkoma Basin, Oklahoma and the Dallas Fort Worth Basin in Texas. For further information see: www.lexingtonresources.com.

[Golden Cross]

Lexington Resources Participates in CBM Well With Orion Exploration, LLC
Thursday April 6, 9:15 am ET


LAS VEGAS, April 6 /PRNewswire-FirstCall/ -- Lexington Resources, Inc. (OTC Bulletin Board: LXRS; Frankfurt, Berlin: LXR) (the "Company"), announces its participation in a horizontal Coal Bed Methane ("CBM") well interest with Orion Exploration, LLC ("Orion"). The Company and its Arkoma Basin CMB exploration-drilling partner Dylan Peyton, LLC will participate equally in the 11.25% working interest and 8.91% net revenue interest "Gates 1-19" well being drilled by Orion Exploration in McIntosh County, Oklahoma.
The Company and Dylan Peyton, LLC have 72 acres of the 640 acre section undergoing drilling by Orion, which if drilled and completed successfully, will hold three other possible horizontal CBM drilling sites with the same participation percentage. The acreage forms part of the Company's 5,170 acre H-9 Prospect that is under drilling development by the Company.

About Lexington Resources, Inc.:

Lexington Resources, Inc. is a junior integrated natural resource exploration company engaged in the acquisition and development of oil and natural gas properties in the United States. Its current operational focus is on gas development initiatives in the Arkoma Basin, Oklahoma and the Dallas Fort Worth Basin in Texas. For further information see: www.lexingtonresources.com.


Contact North America: Investor Relations, Lexington Resources, Inc.
Phone: Toll Free 888-848-7377 or 702-382-5139 Fax: [phone]
e-mail: [e-mail]
Contact Europe: International Market Trend AG
Phone: [phone] Fax: [phone]

Stock Exchange Information: Symbol: OTCBB -- LXRS
Frankfurt/Berlin Symbol -- LXR, WKN: A0BKLP, ISN: US5295611025

[homer321]

NEWS!!

http://biz.yahoo.com/prnews/060404/sftu146.html?.v=28

[Golden Cross]

Lexington Resources Uses 3D Seismic Testing to Increase Drill Inventory on Its Barnett Shale Leases
Tuesday March 28, 9:00 am ET


LAS VEGAS, March 28 /PRNewswire-FirstCall/ -- Lexington Resources, Inc. (OTC Bulletin Board: LXRS; Frankfurt, Berlin: LXR) (the "Company") has contracted with TimeSlice Technology Inc. of Texas to provide 3D seismic testing of its 1,211 contiguous acre Gilbert lease located in Palo Pinto County, Texas as part of the Company's geological evaluation program. The testing is scheduled to take place over the next seven days and will provide important geologic data on Barnett Shale gas and secondary gas targets on this lease.
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The Company's 100% working interest in the Gilbert lease can support up to 10 horizontal gas wells on 120 acre spacing, so the information obtained will aid the development of engineering and geological planning for drilling operations and help lower risks associated with drilling. The testing will also decrease future costs and help in the planning of economic sharing of fracture pit locations, compression, gas treatment, and gas transportation infrastructure. In addition, shallow gas production in the area from the Strawn formation may also be identified as a secondary gas producing target from the 3D seismic testing.

The Company is also applying this precision target methodology to its other leases in Jack, Parker, and Hood Counties. Lexington Resources' land and geologic team is working to obtain seismic information from other companies known to have obtained seismic testing in these areas Lexington management estimates that full or partial information is available for the Company's other 1,715 acres of Barnett Shale gas leases, which it is actively developing with a 100% working interest. At present, two of the qualifying groups offer potential existing seismic data that can be re-processed for use by Lexington Resources to more accurately guide its drilling process and expansion of wells.

About Lexington Resources, Inc.: Lexington Resources, Inc. is a junior integrated natural resource exploration company engaged in the acquisition and development of oil and natural gas properties in the United States. Its current operational focus is on gas development initiatives in the Arkoma Basin, Oklahoma and the Dallas Fort Worth Basin in Texas. For further information see: www.lexingtonresources.com


Contact North America: Investor Relations, Lexington Resources, Inc.
Phone: Toll Free 888-848-7377 or 702-382-5139 Fax: [phone]
e-mail: [e-mail]
Contact Europe: International Market Trend AG
Phone: [phone] Fax: [phone]
Stock Exchange Information: Symbol: OTCBB - LXRS
Frankfurt/Berlin Symbol - LXR, WKN: A0BKLP, ISN: US5295611025

SAFE HARBOR STATEMENT

[Golden Cross]

LXRS: Lexington Resources Further Arkoma Basin CBM Drilling to Begin Next Week
Thursday March 16, 9:00 am ET


LAS VEGAS, March 16 /PRNewswire-FirstCall/ -- Lexington Resources, Inc. (OTC Bulletin Board: LXRS, Frankfurt, Berlin: LXR) (the "Company"), announces that the Company and its Arkoma Basin exploration partner Dylan Peyton, LLC will begin to jointly develop the Company's Coal Bed Methane ("CBM") targeted leases in the State of Oklahoma next week.
ADVERTISEMENT


Drilling is slated to begin on several of the Company's South Lamar leases with two drilling rigs targeting both shallow vertical wells to test Hartshorne Coal, shallow gas sand, and possibly Woodford gas targets in the area, in addition to horizontal CBM gas wells. A preliminary total of 3 to 4 wells are planned at the outset of the current exploration program on the South Lamar Lease, with further direction on drilling targets to be guided by the drilling results of the first test wells in the program. Two drilling rigs provided by the Company's exploration partner allow for fast deployment and simultaneous drilling on both vertical and horizontal targets in different sections of the South Lamar Prospect to test certain targets. Shallower vertical wells are to be drilled by a smaller, more cost effective drilling rig. Developed wells that produce gas help the Company hold lease acreage through required production which permit Lexington Resources and its partner to infill drill the rest of the producing lease at a later date.

The CBM gas target zones are estimated to be approximately 2,800 feet deep, while shallow gas sands in the area are estimated to be in the 1,000 to 2,000 foot depth range. The first vertical well will begin drilling rig mobilization on site next week to drill to the CBM and shallow gas sand targets. Road access work is under development, in addition to well staking, AFE generation, and site preparation dirt work.

Under the exploration joint venture between the Company and Dylan Peyton, LLC, Lexington Resources contributes its current inventory of Arkoma Basin Oklahoma CBM leases to jointly develop gas-producing wells with Dylan Peyton, LLC on a 50/50 equal working interest basis. The Company's operating subsidiary, Oak Hills Drilling and Operating, LLC ("Oak Hills") will be utilized for well completion and service, as well as geological and engineering work associated with the joint exploration.

The joint venture allows the Company to drill continuously and simultaneously on its leases in both the Arkoma Basin, Oklahoma, through designated operator Avatar Energy, LLC, and the Barnett Shale in Texas, through Oak Hills. The Company is concurrently drilling in the Barnett Shale on its Oliver Lease in Tarrant County, Texas. The Arkoma Basin development includes hands-on input by the Company into all aspects of the development cycle, from target geology to pipeline completion, through its close working association with Avatar Energy, LLC.

Innovative technology is currently available to make CBM drilling and completions more economic in the face of rising service industry costs. New drilling and "fracing" (porous underground fracture) techniques are being successfully applied to CBM drilling in the Arkoma Basin that increase the economics of the play by deceasing drilling costs while increasing production.

About Lexington Resources, Inc.: Lexington Resources, Inc. is a junior integrated natural resource exploration company engaged in the acquisition and development of oil and natural gas properties in the United States. Its current operational focus is on gas development initiatives in the Arkoma Basin, Oklahoma and the Dallas Fort Worth Basin in Texas. For further information see: www.lexingtonresources.com.

[lowman]

LXRS Lexington Resources Announces Acquisition of Prime Barnett Shale Lease

LAS VEGAS, Jan. 3 /PRNewswire-FirstCall/ -- Lexington Resources, Inc.
(OTC Bulletin Board: LXRS, Frankfurt, Berlin: LXR) (the "Company"), announces
that it is acquiring a Barnett Shale lease located in a prime gas target area
of Tarrant County in the Dallas Fort Worth Basin of Texas. The Company has
purchased the lease comprising approximately 312 net mineral acres from Geneva
Resources, Inc. for a total cost of $779,800. The acquisition is expected to
provide the Company with up to 2-3 additional horizontal well drilling sites
with access to existing pipeline networks in a prime producing area of the
Barnett Shale play. The lease under acquisition will provide the Company with
a 100% working interest and a 70% net revenue interest in the acreage
obtained.
The new lease is projected to be the first drilling target for the Company
to be conducted in the Barnett Shale, with drilling scheduled to commence this
month. The Company plans to drill horizontal wells on the Barnett Shale gas
target estimated by management to be approximately 350-375 feet thick
according to offsetting wells drilled by Encana Oil & Gas Inc., and XTO
Energy, Inc. Further leases in the area are also under evaluation by
management for possible acquisition.
The lease is under evaluation by management for horizontal well layout and
well design. The Company's drilling rights on the acquired acreage relate
primarily to the Barnett Shale gas target at approximately 7,000 feet. This
is the Company's second land acquisition in the Barnett Shale since
diversifying its lease inventory to Texas from a Coal Bed Methane bias in the
Arkoma Basin in Oklahoma. The Company now holds a total of approximately
2,637 net mineral acres of Barnett Shale gas target lease acreage.
About the Barnett Shale: According to the American Association of
Petroleum Geologists, over 1 trillion cubic feet of gas has already been
produced by the Dallas Fort Worth area Barnett Shale play. Current well
completions average 1.5 wells per day. The Barnett Shale produces more than
50% of all shale gas produced in the United States. Using a geology-based
assessment methodology, the U.S. Geological Survey estimated a mean of 26.7
trillion cubic feet (TCF) of undiscovered natural gas, a mean of 98.5 million
barrels of undiscovered oil, and a mean of 1.1 billion barrels of undiscovered
natural gas liquids in the Bend Arch-Fort Worth Basin Province.
About Lexington Resources, Inc.: Lexington Resources, Inc. is a natural
resource exploration company engaged in the acquisition and development of oil
and natural gas properties in the United States. Its current operational focus
is on gas development initiatives in the Arkoma Basin of Oklahoma and in the
Dallas Fort Worth Basin of Texas. The Company continues to weight its
development initiatives towards gas production. For further information see:
www.lexingtonresources.com.
SAFE HARBOR STATEMENT
THIS NEWS RELEASE CONTAINS "FORWARD-LOOKING STATEMENTS", AS THAT TERM IS
DEFINED IN SECTION 27A OF THE SECURITIES ACT OF 1933, AS AMENDED, AND SECTION
21E OF THE SECURITIES EXCHANGE ACT OF 1934. STATEMENTS IN THIS NEWS RELEASE,
WHICH ARE NOT PURELY HISTORICAL, ARE FORWARD-LOOKING STATEMENTS AND INCLUDE
ANY STATEMENTS REGARDING BELIEFS, PLANS, EXPECTATIONS OR INTENTIONS REGARDING
THE FUTURE. SUCH FORWARD-LOOKING STATEMENTS INCLUDE, AMONG OTHER THINGS,
REGARDING WELL(S) THAT MAY OR MAY NOT BE DRILLED, THE CLOSING OF CERTAIN
TRANSACTIONS INCLUDING THE TIMING THAT THE WELL(S) WILL BE DRILLED, THE BELIEF
THAT THE WELL(S) TO BE DRILLED WILL BE SUCCESSFUL, AND THE BELIEF THAT CERTAIN
FURTHER DRILLING LOCATIONS MAY RESULT FOLLOWING THE DATE OF THIS NEWS RELEASE.
ACTUAL RESULTS COULD DIFFER FROM THOSE PROJECTED IN ANY FORWARD-LOOKING
STATEMENTS DUE TO NUMEROUS FACTORS. THESE FORWARD-LOOKING STATEMENTS ARE MADE
AS OF THE DATE OF THIS NEWS RELEASE, AND THE COMPANY ASSUMES NO OBLIGATION TO
UPDATE THE FORWARD-LOOKING STATEMENTS, OR TO UPDATE THE REASONS WHY ACTUAL
RESULTS COULD DIFFER FROM THOSE PROJECTED IN THE FORWARD-LOOKING STATEMENTS.
ALTHOUGH THE COMPANY BELIEVES THAT THE BELIEFS, PLANS, EXPECTATIONS AND
INTENTIONS CONTAINED IN THIS NEWS RELEASE ARE REASONABLE, THERE CAN BE NO
ASSURANCE THOSE BELIEFS, PLANS, EXPECTATIONS OR INTENTIONS WILL PROVE TO BE
ACCURATE. INVESTORS SHOULD CONSIDER ALL OF THE INFORMATION SET FORTH HEREIN
AND SHOULD ALSO REFER TO THE RISK FACTORS DISCLOSED IN THE COMPANY'S PERIODIC
REPORTS FILED FROM TIME-TO-TIME WITH THE SECURITIES AND EXCHANGE COMMISSION.
Contact North America: Investor Relations, Lexington Resources, Inc.
Phone: Toll Free [phone] or [phone] Fax: [phone]
e-mail: [e-mail]

Contact Europe: International Market Trend AG
Phone: [phone] Fax: [phone]

SOURCE Lexington Resources, Inc.

North America, Investor Relations, Lexington Resources, Inc., 888-848-7377, or
[phone], or fax, [phone], or [e-mail]; or
Europe: International Market Trend AG, [phone], or fax, [phone]
09

[lowman]

Lexington Resources to Participate in Orion Exploration Well in Oklahoma


LAS VEGAS, Dec. 1 /PRNewswire-FirstCall/ -- Lexington Resources, Inc.
(OTC Bulletin Board: LXRS; Frankfurt: LXR) (the "Company"), announces it has
executed a letter proposal to participate in a horizontal coal bed methane gas
well to be drilled and operated by Orion Exploration, LLC ("Orion") of Tulsa,
Oklahoma. The well target is in the vicinity and part of Company leases on its
H-9 Prospect located in McIntosh County, Oklahoma. This new well targets coal
bed methane gas in the Hartshorne Coal formation at approximately 2,300 feet
in depth. Lexington, via its election, will earn an approximate 11% working
interest in the new well.
The well will be drilled based on standard 640 acre spacing, and if
successful, will hold three further drilling sites with future development
potential by the current well participants. The drilling, although being
conducted by Orion, will be the first drilling on a portion of the Company's
H-9 Prospect which is comprised of approximately 5,170 gross aces.
About Lexington Resources, Inc.: Lexington Resources, Inc. is a natural
resource exploration company engaged in the acquisition and development of oil
and natural gas properties in the United States. Its current operational focus
is on gas development initiatives in the Arkoma Basin of Oklahoma and in the
Dallas Fort Worth Basin of Texas. The Company continues to weight its
development initiatives towards gas production. For further information see:
www.lexingtonresources.com.
Contact North America: Investor Relations, Lexington Resources, Inc.
Phone: Toll Free [phone] or [phone] Fax: [phone]
e-mail: [e-mail]
Contact Europe: International Market Trend AG
Phone: [phone] Fax: [phone]
Stock Exchange Information: Symbol: OTCBB - LXRS
Frankfurt/Berlin Symbol - LXR, WKN: A0BKLP, ISN: US5295611025

SAFE HARBOR STATEMENT
THIS NEWS RELEASE CONTAINS "FORWARD-LOOKING STATEMENTS", AS THAT TERM IS
DEFINED IN SECTION 27A OF THE SECURITIES ACT OF 1933, AS AMENDED, AND SECTION
21E OF THE SECURITIES EXCHANGE ACT OF 1934. STATEMENTS IN THIS NEWS RELEASE,
WHICH ARE NOT PURELY HISTORICAL, ARE FORWARD-LOOKING STATEMENTS AND INCLUDE
ANY STATEMENTS REGARDING BELIEFS, PLANS, EXPECTATIONS OR INTENTIONS REGARDING
THE FUTURE. SUCH FORWARD-LOOKING STATEMENTS INCLUDE, AMONG OTHER THINGS,
REGARDING WELL(S) THAT MAY OR MAY NOT BE DRILLED, THE CLOSING OF CERTAIN
TRANSACTIONS INCLUDING THE TIMING THAT THE WELL(S) WILL BE DRILLED, THE BELIEF
THAT THE WELL(S) TO BE DRILLED WILL BE SUCCESSFUL, AND THE BELIEF THAT CERTAIN
FURTHER DRILLING LOCATIONS MAY RESULT FOLLOWING THE DATE OF THIS NEWS RELEASE.
ACTUAL RESULTS COULD DIFFER FROM THOSE PROJECTED IN ANY FORWARD-LOOKING
STATEMENTS DUE TO NUMEROUS FACTORS. THESE FORWARD-LOOKING STATEMENTS ARE MADE
AS OF THE DATE OF THIS NEWS RELEASE, AND THE COMPANY ASSUMES NO OBLIGATION TO
UPDATE THE FORWARD-LOOKING STATEMENTS, OR TO UPDATE THE REASONS WHY ACTUAL
RESULTS COULD DIFFER FROM THOSE PROJECTED IN THE FORWARD-LOOKING STATEMENTS.
ALTHOUGH THE COMPANY BELIEVES THAT THE BELIEFS, PLANS, EXPECTATIONS AND
INTENTIONS CONTAINED IN THIS NEWS RELEASE ARE REASONABLE, THERE CAN BE NO
ASSURANCE THOSE BELIEFS, PLANS, EXPECTATIONS OR INTENTIONS WILL PROVE TO BE
ACCURATE. INVESTORS SHOULD CONSIDER ALL OF THE INFORMATION SET FORTH HEREIN
AND SHOULD ALSO REFER TO THE RISK FACTORS DISCLOSED IN THE COMPANY'S PERIODIC
REPORTS FILED FROM TIME-TO-TIME WITH THE SECURITIES AND EXCHANGE COMMISSION.
SOURCE Lexington Resources, Inc.

North America, Investor Relations of Lexington Resources, Inc., [phone],
or [phone], or fax, [phone], or [e-mail],
or Europe, International Market Trend AG, [phone], or fax,
[phone]
01Dec05 14:20 GMT
Symbols:
de;LXR us;LXRS
Source PRN PR Newswire
Categories:

[vbo]

Hi
Any ideas about the today stock decline (-15%) of the LXRS ?
Thanks in advance.
Vincent

[jetcomman]

U guys should look at Strat!! www.americanbulls.com like it!!

[rvoigt]

Anyone hear anything new? THe stock appears to be drifting lower and lower. I haven't bailed out yet, but probably should have (20/20 hindsight). Any prognostications as to where it goes from here?

[JenRuns]

Okay, here's more.
Look at this and see what you think:
www.sec.gov/rules/proposed/s72303/ger010504.htm

[JenRuns]

I just realized something else. In my online brokerage account, a stock has to be at at least $6 to short sell. That's why LXRS tanked when it hit in the 6's close to 7 - that's the level they had to pump it up to to be able to sell it short.

What about what we know fromt he posts and references to articles below. What can we do to show it was a scam? Is there any possibility of anything to be done, like a class action suit?

Here's another question. I've read every Google hit I can find on LXRS. In some places they say it's only been around since 2003, yet in other places, I can find 5 year charts. What's that about? Is that because the longer charts are from when it was Intergold???

I hope this Atkins scum meets a horrible fate.
What an expensive education I've had.

Lesson learned.

[JenRuns]

LXRS is down way more. What I've read here is chilling. And, apart from being duped by this scandal, I was stupid enough to buy more as it has been sinking even though I know you should never "average down." I can't believe how much I've lost now. And I am getting more promotional stuff at home. A packet yesterday from the company, hand-addressed. And more of that promotional stuff from InvestSource, those scum.

[new2stocks]

Is this another pump and dump for this stock...

the last 3 days of trading, stocks just went up close to $2.
do you guys think this another pump and dump and see this stock next week going down?

[lj1917]

Press Release #2

Again, note this is copyrighted by M2 Communications.


Comment: Relevant LXRS information and disclaimer are near the end of the release.

Wall Street News Alert: High Performance Stock List for Wednesday! July 7, 2004, Part 3
7/7/2004 10:55:17 AM
Weston, FLA., Jul 07, 2004 (M2 PRESSWIRE via COMTEX) -- Wall Street News Alert`s "stocks to watch" this morning are: GainClients, Inc. ( GCLT ), SulphCo, Inc. ( SLPH ), Lexington Resources Inc ( LXRS ) and Bio-One Corporation ( BICO ).

Aggressive investors and traders need to look at GainClients, Inc. ( GCLT ) again this morning! Yesterday after the markets closed, the company issued a press release announcing that it has implemented premium Multiple Listing Service ("MLS") technology to their offering by joining alliances with Ashton Data!

This could be more great news for investors! The premium MLS service will enable real estate agents and their clients to view specific homes that match client requirements. The MLS service will enhance the usability of individual websites by allowing agents to directly import customized home listings for their clients to view. With the addition of the Ashton Data solution, agents will be able to receive all leads generated by consumer searches by the return receipt of inquiry to their e-mail address. This will enable the GainClients` customer to capture the name, telephone/fax number, e-mail address and the best time to contact each potential buyer who requests the information.

Investors need to keep GCLT on their watch list! Lonnie Lamprecht, Ashton Data Co-founder and Chief Executive Officer stated, "We are highly impressed with the GainClients offering and are excited about the website solution and its technology. This is a natural partnership for us and we look forward to a successful alliance." Ashton and GainClients will continue to enrich their synergy with customized pricing and exclusive sign-up incentives for real estate agents.

The alliance with Ashton Data could end up being a major score for GainClients! According to the press release, Ashton Data, Inc is an E-commerce (business-to-business) software development company providing "Real Time" solutions for the Real Estate Industry. It is the fastest growing MLS-IDX provider in the nation. Ashton Data receives over 200,000 visitors to its website daily.

It was just last week that we announced that GainClients launched its initial electronic marketing campaign through MCG Titan Group. The initial campaign will target 1.3 million opt-in real estate and mortgage professionals` e-mail addresses with marketing creatives, which have been professionally designed to influence and capture the GainClients` direct market.

The stock closed yesterday at Twenty-One cents a share.

In case you are not familiar with the company: GainClients is an innovative developer of integrated software technology that has developed specialized next-generation web-based marketing and lead generation solutions for real estate and mortgage professionals. Through its website system GainClients enables the real estate and mortgage professional to easily incorporate the Internet into their total marketing package and extend their personal/corporate brand on to the web. The GainClients website system also allows consumers to educate themselves with the purchasing and financing processes, preview and short list the choices of homes they want to consider, obtain loan information and receive effective and efficient communication with agents and loan officers.

Stocks showing interesting activity yesterday at the close of the regular trading day were: SulphCo, Inc. ( SLPH ) up 26.8% on 539,000 shares traded, Lexington Resources Inc ( LXRS ) up 19.6% on 223,900 shares traded and Bio-One Corporation ( BICO ) up 2.1% on 1.7 million shares traded.

Commentary: "This is a slow week for economic numbers, however, Thursday`s consumer-credit data for May could be interesting and worth noting. Consumers have more than $2 trillion in debt owed; this excludes real estate loans. Additionally, chain-store sales for June are due Thursday," Stated Sonja Rudd in Wall Street News Alert`s daily commentary continued at: http://www.WallStreetNewsAlert.com.

WSNA's email alert service is free to those investors who sign up on the WSNA home page. The alert service is designed to notify investors of undervalued and often overlooked stocks. Subscribers are introduced to Special Situation companies that have the potential of showing increased activity. The Wall Street News Alert home page has experienced over 20 million hits. To subscribe to this free service, visit the Wall Street News Alert home page at http://www.wallstreetnewsalert.com and select the "join now" button.

*** Wall Street News Alert is not affiliated with faxes bearing the names Wall Street Stock Alert or Wall Street News Alert!***

Wall Street News Alert is a division of Wall Street Capital Funding LLC (WSCF). WSCF is not a registered broker/dealer and may not sell, offer to sell or offer to buy any security. WSCF profiles are not a solicitation or recommendation to buy, sell or hold securities. An offer to buy or sell can be made only with accompanying disclosure documents from the company offering or selling securities and only in the states and provinces for which they are approved. The material in this release is intended to be strictly informational. The companies that are discussed in this release have not approved the statements made in this release nor approved the timing of this release. All statements and expressions are the sole opinion of WSCF and are subject to change without notice. Information in this release is derived from a variety of sources including that company`s publicly disseminated information, third parties and WSCF research. The accuracy or completeness of the information is not warranted and is only as reliable as the sources from which it was obtained. WSCF disclaims any and all liability as to the completeness or accuracy of the information contained and any omissions of material fact in this release. The release may contain technical inaccuracies or typographical errors. It is strongly recommended that any purchase or sale decision be discussed with a financial adviser, or a broker-dealer, or a member of any financial regulatory bodies. Investment in the securities of the companies` discussed in this release is highly speculative and carries a high degree of risk. WSCF is not liable for any investment decisions by its readers or subscribers. Investors are cautioned that they may lose all or a portion of their investment if they make a purchase in WSCF profiled stocks.

This profile is not without bias, and is a paid release. WSCF has been compensated for dissemination of company information on behalf of one or more of the companies mentioned in this release. (WSCF has been compensated Seven Hundred Thousand shares of GainClients, Inc. (OTC: GCLT), by a third party (AGA Inc.), who is non-affiliated and may hold a significant position in the stock, for services provided including dissemination of company information in this release. WSCF has sold Fifty Thousand of those shares, as of this release.

WSCF may intend to immediately begin or continue selling additional shares as this release is being circulated. WSCF may receive additional shares for extension of its services. Any additional shares will be disclosed at such time that WSCF is aware of a clients desire to extend the original services. WSCF may have received shares of a company profiled in this release prior to the dissemination of the information in this release. WSCF may immediately sell some or any shares in a profiled company held by WSCF and may have previously sold shares in a profiled company held by WSCF. WSCF`s services for a company may cause the company`s stock price to increase, in which event WSCF would make a profit when it sells its stock in a company. In addition, WSCF`s selling of a company`s stock may have a negative effect on the market price of the stock.

Market commentary provided by Sonja Rudd.

This release contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E the Securities Exchange Act of 1934, as amended and such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. "Forward-looking statements" describe future expectations, plans, results, or strategies and are generally preceded by words such as "may", "future", "plan" or "planned", "will" or "should", "expected," "anticipates", "draft", "eventually" or "projected". You are cautioned that such statements are subject to a multitude of risks and uncertainties that could cause future circumstances, events, or results to differ materially from those projected in the forward-looking statements, including the risks that actual results may differ materially from those projected in the forward-looking statements as a result of various factors, and other risks identified in a companies` annual report on Form 10-K or 10-KSB and other filings made by such company with the Securities and Exchange Commission. You should consider these factors in evaluating the forward-looking statements included herein, and not place undue reliance on such statements. The forward-looking statements in this release are made as of the date hereof and WSCF undertakes no obligation to update such statements.

CONTACT: Wall Street Capital Funding, LLC e-mail: [e-mail]

M2 Communications Ltd disclaims all liability for information provided within M2 PressWIRE. Data supplied by named party/parties. Further information on M2 PressWIRE can be obtained at http://www.presswire.net on the world wide web. Inquiries to [e-mail].

(C)1994-2004 M2 COMMUNICATIONS LTD

[lj1917]

Press Release #1
Following is a press for LXRS. It is copyrighted by M2 Communications. Since it is a press, I believe it is for general distribution as long as credit is given to M2 Communications under the copyright.

My note: Although LXRS is placed in the company of some established companies, only the stock performance for those companies is given. Editorial comment is made only for LXRS ("Keep an eye on this company as investors regain confidence. . . ").

Press Release for Lexington Res Inc Nev


InvestSource Inc.: Rising Oil-Who Will Benefit? LXRS, PTR, TM, HMC, RD, PBR, ERJ
7/7/2004 9:03:27 AM
Jul 07, 2004 (M2 PRESSWIRE via COMTEX) -- Stocks in the News: Lexington Resources Incorporated ( LXRS ), PetroChina ( PTR ), Toyota Motor ( TM ), Honda Motor Co. ( HMC ), Royal Dutch Petroleum ( RD ), Petroleo Brasileiro SA ( PBR ), and Embraer Aircraft ( ERJ ).

Lexington Resources Incorporated ( LXRS ) rebounds from low of $2.30 during last weeks trading. Keep an eye on this company as investors regain confidence as there have been no fundamental changes reported by the company!

Oil company PetroChina ( PTR ) rose $1.70, or 3.7 percent, to $47.85 in the United States. China Petroleum ( SNP ) shares rose 61 cents to $37.55.

Toyota Motor ( TM ) shares traded in the U.S. were off $1.90, or more than 2 percent, at $79.65, while the shares of Honda Motor Co. ( HMC ) were down 25 cents at $23.33.

Royal Dutch Petroleum ( RD ) shares were off 17 cents at $51.55. Brazilian oil monopoly Petroleo Brasileiro SA ( PBR ), or Petrobras, was down 42 cents at $27.63. The shares of Brazil's Embraer Aircraft ( ERJ ) were off 71 cents, or more than 2 percent, at $28.41.

Market breadth during yesterday`s session was negative and trading volume was robust. On the New York Stock Exchange, where 1.28 billion shares traded, losers beat gainers by roughly five to three. On the Nasdaq, decliners outnumbered advancers by eleven to four as 1.91 billion shares changed hands.

Keep an eye on this volatile market.

Keep the Alerts On!

InvestSource has put a Money Alert on these companies. To understand what these alerts mean go to http://www.investsource.us/moneyalert.htm For inquiries and information please visit http://www.investsource.us/ContactUs.htm.

ABOUT InvestSource:

InvestSource is an investment communications firm that specializes in bringing 1st to market opportunities to the investing public with our easy to read one page fact sheets. Our American economy depends on our emerging growth companies of today! As Wall Street Gems appear, InvestSource will post client company fact sheets to the InvestSource website at www.investsource.us Based on a foundation of sound analysis with the management teams of these exploding companies, InvestSource will highlight these future high flyers allowing opportunistic stock buyers to make an educated decision.

Efficiency in stock selection just got easier. InvestSource. Grow from today's research - Today. For more information on the companies InvestSource works with, go to the corporate website at www.investsource.us All material herein was prepared by InvestSource based upon information believed to be reliable.

The information contained herein is not guaranteed by InvestSource to be accurate, and should not be considered to be all-inclusive.

The companies that are discussed in this opinion have not approved the statements made in this opinion. This opinion contains forward-looking statements that involve risks and uncertainties. This material is for informational purposes only and should not be construed as an offer or solicitation of an offer to buy or sell securities. InvestSource is not a licensed broker, broker dealer, market maker, investment banker, investment advisor, analyst or underwriter. Please consult a broker before purchasing or selling any securities mentioned herein. InvestSource has been compensated $5,000 from a third party of Lexington for services rendered. If your company is looking to enhance its market awareness, find out about the InvestSource "ICIRIS Model"! To view full disclaimers, go to www.investsource.us (disclaimers).

InvestSource's affiliates, officers, directors and employees may also have bought or may buy the shares discussed in this opinion and may profit in the event of a rise in value. InvestSource will not advise as to when it decides to sell and does not and will not offer any opinion as to when others should sell; each investor must make that decision based on his or her judgment of the market.

CONTACT: InvestSource Inc. Tel: [phone]

M2 Communications Ltd disclaims all liability for information provided within M2 PressWIRE. Data supplied by named party/parties. Further information on M2 PressWIRE can be obtained at http://www.presswire.net on the world wide web. Inquiries to [e-mail].

(C)1994-2004 M2 COMMUNICATIONS LTD

[lj1917]

Following are just my thoughts, and I am no market expert. However, I have spent quite a bit of time the last few days researching the pattern of operations in these companies that pay to be hyped as a "hot stock" or "the next big thing." I believe the big dips are almost certainly caused by the short-sellers. At least part of the price recovery comes from the ongoing, paid publicity for the stock, which brings in regular buyers. At least two paid releases for LXRS have gone out since the price drop, both suggesting (but very carefully not recommending) that the company could be a good investment because the investor could buy in while the price is low. If I can find the links for those releases, I'll post them. The key thing to note in both releases is the disclaimer, which indicates that the release is paid for. For an overview of how this paid hype works, see this article (hope the addy works):
http://www.winninginvesting.com/pump_and_dump_on_you.htm
Also, someone asked recently if there is any connection between the publicists who are hyping LXRS and the people associated with ICI. I found one interesting connection. A few years back, Leonard Braumberger (current hypster for LXRS) was hyping a company called AdZone (ADZR.OB). The name of the company he was with at that time was Communique Media Services, Inc -- apparently no connection to ICI, except that it was located in Blaine, WA, which is where ICI was and is located. Odd, isn't it? BTW, ADZR was organized with the same techniques (stock exchanges, renaming of a previous company unrelated to the current business) as LXRS.

[lexskeptic]

Some interesting action the last couple of days. I notice that the big drops are on heavy volume, then the slow rise is on muted volume. I dont pretend to know all the ins and outs of market dynamics, but does anyone have insight on how the market makers might be working in this case? Meaning, could they be the ones slowly buying after the big dips to keep the stock solvent, and why would they do such a thing?
lexskeptic

[lj1917]

I tried to check these guys out very briefly yesterday; lack of time to do more. I'll try to take it further this weekend. However, about Invest America: I first became aware of LXRS though a brochure they mailed to me. On their website, which is really just a hype to subscribe to their free e-mail "investing advice service," the featured graphic is the promo piece for LXRS. My guess would be that, if they're not affiliated with ICI, then ICI or the LXRS "management" hired them (with payment in stock) to do the promo. This practice is called "pump-and-dump." The promoter gets stock, the stock price goies up after the promo, the promoter sells and makes out very nicely. Short sellers know all about pump-and-dump, so when they see it happening, they hover for the kill, and eventually the stock price crashes. Lambs, like you and me, are caught between these two predators, and guess who loses big time, every time? I am working on finding some historical stock price info to see if any of the stocks associated with ICI ever recovered, even somewhat, after the big price dive. If I succeed, I'll post, so that all my fellow sufferers will have the information -- even if it may be too little too late. One thing I have determined: InvestSource.com has give LXRS a "green alert" (not direct "buy" advice, but the implication is that buying might be a good idea). Read the fine print, and you find that coverage by InvestSource is paid for by the company; in other words -- more paid promotion.

[rvoigt]

Well, I have resisted the temptation to add more here. I will be out of touch (in the Wisconsin woods) for about two weeks, so I'll see what is up when I get back. If it is down, I will know that I didn't throw any good money after bad. If it is up, great. Have fun with this stock. It sure looks like a manipulater's paradise to me.

[new2stocks]

I really think that this stock is on it's way down.....

that's too bad though as I thought that it was on it's way up. It was good for a ride for those who sold before June 29 and ohhh well for those who were just getting in and see the next day that their stock just dropped to half....

Stock just went down again and more to come for this.

[new2stocks]

Lex..you might want to read lj1917
post from previous about Mr.Atkins and it's actually good.
I think almost everyone here got that letter from newsblast and you might want to be cautious about investing right now with LXRS. Again, read what lj1917 posted before about Atkins and I really think it's a good article.

[lexskeptic]

I have been follwing this thread since the drop about a week ago. I received in the mail today a "free" issue of Invest America, touting LXRS and pitching it pretty strong. Invest America is published by American News Publishing, owned by Robert Stevens and edited by Leonard Braumberger. They are both said to own 25,000 shares each. Specifically to lj1917, can you link this company or any of these names to the info you have given us so far?
Thanks.

[lj1917]

I think you're right.
The letter closed with a comment something like, "We . . . will build this company one well at a time." If that happens, it will be a first since Grant Atkins has quite a long track record of running companies whose stock ends up just like LXRS, but to my knowledge, he has never built even one company into a successful going concern.

[new2stocks]

Based on the shareholders letter sent....

I really don't believe that the dropped in stocks June 29 has nothing to do with the company.... This stock is on it's way down and I really don't think buy is a good thing right now.

[lj1917]

More of the Same . . .
I have to begin by saying that the information I'm sharing here is my surmise of what has happened to this stock in the last few days. I have no professional expertise to support my conclusions, but here's what I believe my research shows:
The president of LXRS is Grant Atkins, who is associated with (may be employed by)ICI, a "communications" firm. ICI, Mr Atkins and a small group of individuals (the make-up of the group doesn't change much) have a history of establishing or buying small (shell?) companies through buy-sell-smoke-and-mirrors stock exchanges, forward slits, reverse splits, etc. These companies appear, at least on paper, to have a sound business premise. The key business strategy is massive promotion campaigns by ICI, which cause a run up in the stock price. Patsies (read that to be me and thee) see a steadily-rising stock price and (apparently) good business concepts; and so we buy. However, the MMs, especially the shorters, are well aware of ICI and crew. Massive shorting occurs and eventually the stock price drops like a rock (ala LXRS on June 29). Grant Atkins has been a leader in decrying short selling. Interestingly, at least three companies under his leadership were hit hard by it: GeneMax, Petrogen (PTGC, high of $8, now trading at 40 cents -- Atkins and ICI are no longer with this company) and Intergold. What the shorters know is that ICI and crew are experts at running up a stock price but they have a track record of working with (and holding ownership positions in)companies that never produce as legitimate businesses. Here are some examples: A blizzard of stock arrangements turned Hadro Resources into Petrogen; read old press releases for both companies and you will see company strategies and plans very similar to those of LXRS. A similar blizzard turned Intergold (which was always just on the verge of major gold production -- until the government questioned it's reports about wonderful assays) into LXRS (from gold to natural gas -- that's alogical transition!). Here's an example of the interlocking interests that move from one ICI-"assisted" company to another: The president and director of US Oil and Gas became a director of Hadro; the properties previously owned by US Oil and Gas were combined and became a wholly-owned subsidiary of Hadro called Oak Hills Energy. Hadro eventually became Petrogen. Douglas Humphreys, President of Oak Hills Energy, is now managing director of LXRS. A director of US Oil and Gas got into trouble in Canada for causing the company to pay finders' fees to Vaughn Barbon and PR consulting fees to Barbon's wife. Vaughn Barbon is now CFO of LXRS. Grant Atkins was president of Intergold and a director of Hadro. At some point, he also held a senior position (CEO? I'm not sure), with GeneMax. Now he is the president of LXRS. Marcus Johnson was the IR contact for Petrogen. He is now the IR contact for LXRS.
So the upshot of all this is that the shorters follow ICI and its contingent of "company managers," who are expert at generating stock price increases through PR campaigns. Pull up a two-year chart on Petrogen to see see a stock price history very similar to what we've just experienced with LXRS.

[rvoigt]

I got an additional response today. It makes sense considering how these small companies with small floats can be manipulated.

"To our Shareholders:

Thank you for your investment and continued support. The fundamentals of Lexington Resources, Inc. remain sound and no material corporate event caused the fall in price of late. The Company is executing its business plan of acquiring and developing gas well target properties in the Arkoma Basin in the State of Oklahoma where we have a base of operating expertise and industry infrastructure. The Company continues to plan and implement its well drilling operations with intent to establish cash flow at the same time as proving a reserve base to increase company assets. The latest price correction of June 29, 2004 is due to market forces ten times the average daily volume of the past 30 days. The selling pressure could be related to undisclosed short selling or other market pressures that are difficult to investigate. But as evidenced by the Company's latest press release, we are undaunted by the event as we remain focused on operating business execution. Problems come and go, but management's will and ability to overcome difficulties in its path is what is important. We will continue to grow the Company by acquiring high quality acreage, increasing our drilling efforts, prove reserves held by production, and build this company one well at time.

July 1, 2004
Lexington Resources, Inc.
Grant Atkins, President"

[new2stocks]

I haven't seen this stock on the red for months now
except the last 3 days. Something is happening and there's got to be something out there for news.

Any with info, please post here.

thanks

[new2stocks]

nice post lj1917 and informative also....

keep us up to date if you find anything or come across anything

[lj1917]

New Company, Same Players
In my rather maniacal searching yesterday to get info about this company, I came across this old article:

http://www.stocklemon.com/articles/08_23_02.html

It is about a different company, but the president of the company, Grant Atkins, is also an executive at LXRS. Until 2003, the promotional firm discussed in the article, ICI, was the promotional firm for LXRS. In short, much of what is happening with the LXRS stock is a re-run of what has happened at other start-ups run by Mr Atkins and promoted by ICI. I'm reviewing SEC docs from LXRS today to see if other parallels emerge between the company in the article and LXRS. If I find anything interesting, positive or negative, I'll post.

I'm still puzzled, though, since LXRS is (apparently) actually doing business and selling product, in contrast to the comcpany discussed in the article.

[new2stocks]

make sense i guess

[bluedog20]

I've been looking at the stock since it moved up from USD 4. Being somewhat in the game for a longer time, this is a typical
shortselling approach by brokers and or Hedge funds. They are closing the fiscal year on the 30th of June and didn't want to show a big loss on their short position. So you hit the stock hard and start buying back at the bottom. Nothing the company can do and even less it can say about it.
From my point of view, this will start to move up again within the next few days. I would not be surprised to see a short squeeze within the next few weeks.

The reason the company won't answer any calls - I don't think that they're big enough yet to have somebody there to do nothing else but just PR.

Just my two cents.

[jgroup01]

I believe the pps was manipulated to scare shareholders into selling(to MMs) BEFORE the NEWS Today.. Watch the re-bound to confirm!

[jgroup01]

Float: 4,356,417. does'nt take much action to move the pps UP or DOWN !

[new2stocks]

jgroup01, it's funny that you said that
coz thats all i have been doing is watching this stock for the last 2 days. I have bought this stocks previous (nothing major) and wondering if I should be getting out or maybe buy at right now in case this stock will bounce back up.

[new2stocks]

lj1917 do you think this is inside related thats why no news
no returned calls and no nothing.

[new2stocks]

lj1917 we all are baffled.....

This stock was just steadily climbing up and in one day a huge drop...Something is up and no news being sent out. I have search news almost everywhere I can think of but nothing. I mean nothing. It makes you wonder.

[rvoigt]

Same response I got.

[new2stocks]

JenRuns I agree with you.....

You would think that even if this stocks starts to decline, it wont be that much....But about 50% was just way too much and even today, it looked like it was going to stay down but rallied at the end gaining 0.19. Something is fishy about this.

[jgroup01]

This is the most AMAZING stock to watch the last (2) days
if you flip it you better be FAST !

[doe]

Hello, just replying to your question from the Calypso board. RLC is very good at TA and recommended buying this up to 1.95, but also cautioned about buying too much. I had to be away from the computer and missed it at that price. Oh well. Maybe you got some even if I didn't. I left my 1.85 limit order in, just in case.

[jgroup01]

Share Data [06.22.04]
Issued: 15,218,352
Fully Diluted: 18,380,852
Est. Float: 4,356,417

[jgroup01]

www.lexingtonresources.com/kyndal

[jgroup01]

It appears MMs are covering