Lexam Nominee Mr. John Drake Appointed to VG Gold Board

TORONTO, ONTARIO, Oct 05 (MARKET WIRE) --
LEXAM EXPLORATIONS INC. (TSX VENTURE: LEX) is pleased to announce that it
has exercised its right, pursuant to the July 2009 subscription
agreement, to nominate a director to the VG Gold Corp board. Effective
October 2, 2009 Mr. John Drake's nomination has been accepted by the VG
Gold board.

John Drake is the President and co-founder of Drake Goodwin Corporation,
an investment firm with interests in financial services, real estate
development and manufacturing. He is also the Chairman of Critical
Outcome Technologies Inc. a TSX-Venture listed company and the co-owner
of Redtail Golf Course, an exclusive golf course located outside of Port
Stanley, Ontario. Mr. Drake was appointed an Honorary Colonel of the 1st
Hussars of the Royal Canadian Armored Corps. in 1999. He obtained his
B.A. and LL.B degrees from the University of Western Ontario and remains
a member of the Law Society of Upper Canada.

Lexam currently owns 27% of VG Gold's outstanding shares and 42% on a
partially diluted basis.

About Lexam

Lexam is a North American exploration company. The Company holds
significant equity stakes in VG Gold Corp and Rubicon Minerals Corp.
Lexam also owns 75% of the Baca Oil & Gas Project in south-central
Colorado, USA and it has a 50% joint venture interest in the Otish Basin
uranium project located in Quebec, Canada with Golden Valley Mines.

CAUTIONARY STATEMENT

Some of the statements contained in this release are "forward-looking
statements". Such forward-looking statements involve known and unknown
risks, uncertainties and other factors that may cause our actual results,
performance or achievements to differ materially from the anticipated
results, performance or achievements expressed or implied by such
forward-looking statements. Factors that could cause actual results to
differ materially from anticipated results include risks and
uncertainties such as: ability to raise financing for further exploration
and development activities; risks relating to estimates of reserves,
deposits and production costs; extraction and development risks; the risk
of commodity price fluctuations; political, regulatory and environmental
risks; and other risks and uncertainties in the reports and disclosure
documents filed by Lexam from time-to-time with Canadian securities
regulatory authorities. The Company disclaims any intention or obligation
to update or revise any forward-looking statements, whether as a result
of new information, future events or otherwise. The complete fourth
quarter report including management's discussion and analysis, financial
statements and notes can be found on our Company's website at
www.lexamexplorations.com and on SEDAR at www.sedar.com.

Contacts:
Lexam Explorations Inc.
Helen Bilhete
Director, Investor Relations
(647) 258-0395 or Toll Free: (866) 441-0690
(647) 258-0408 (FAX)
info@lexamexplorations.com
www.lexamexplorations.com

Lexam Explorations Inc.
Corporate Head Office
99 George Street, 3rd Floor
Toronto, ON M5A 2N4

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