Lexington Negotiating For a Second Coal Concession In Chile

HENDERSON, Nev., May 17, 2012 /PRNewswire/ -- Lexington Energy Services Inc. (the "Company") (OTC:LXES.PK) reports that it has entered into discussions regarding the option on a second coal concession located in Bahia Lota, Chile. This second mineral concession, known as 'Nuevas Cordenadas' lies further to the east of the original property currently under option, which is known as the 'Headland Concession'.

The Nuevas Cordenadas Concession is 160,000 square meters in size and has the same stratigraphic characteristics as the Headland Concession, with the exception that it lies closer to both the shore, where coal recovered from the operation will be initially processed, and to the dock. The Lota Bay Coal Project Management Report indicates that the concession area contains approximately 100,000 additional tons of coal that is of equivalent grade as that of the Headland Concession.

Management wishes to acquire the option for this mineral property in order to increase the value of the coal recovery operation that is already planned, and has entered into preliminary negotiations to secure the concession.

This news release was prepared on behalf of the Board of Directors, which accepts full responsibility for its contents.

Robert Chalmers
President, CEO

For more information please contact Corporate Relations at 702-949-0812 or [email protected]

Forward-looking Statement:

This news release contains forward-looking statements as defined by the Private Securities Litigation Reform Act of 1995 - forward-looking statements concerning plans, objectives, goals, strategies, future events of performance and underlying assumptions and other statements which are other than statements of historical facts. These statements are subject to uncertainties and risks including, but not limited to, product and services demand and acceptance, changes in technology and in economic, political and regulatory conditions and to all of the risks generally associated with a company at Budget's stage of development. All such forward looking statements, whether written or oral, and whether made by or on behalf of the company, are expressly qualified by these cautionary statements. In addition, the Company disclaims any obligation to update any forward-looking statements to reflect events or circumstances after the date hereof.

www.lxeservices.com [email protected]

Corporate Relations at 702-949-0812

SOURCE Lexington Energy Services Inc.