Lexam Nominee Mr. John Drake Appointed to VG Gold Board

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.

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