Vancouver, British Columbia - TheNewswire - April 11, 2022 - Lexston Life Sciences Corp. (the “Company” or “Lexston”) (CSE:LEXT) (CNSX:LEXT.CN) (OTC:LEXTF) a biotechnology company focused on the development of analytical services and production of botanically derived psychedelics, is pleased to announce that, on April 4, 2022, its wholly-owned subsidiary, Egret Bioscience Ltd., sponsored the whole genome sequencing, open access archiving and biobanking of the Pacific Northwest wood-rotting psychedelic mushroom, Psilocybe allenii.

The “Allenii project” is a joint effort with the Entheome Foundation to sequence this species of psychedelic mushroom which was identified by modern science less than a decade ago in the Pacific Northwest (https://www.cabdirect.org/cabdirect/abstract/20133089027). Psilocybe allenii is found on the Pacific Northwest Coast ranging from northern California to British Columbia. It shares many morphological characteristics with other Psilocybe species, in particular P. cyanescens, and has the particularity of having a convex to plane cap that lacks the wavy margins of P. cyanescens (also known as “wavy caps”). The species is thought to contain both psilocybin and psilocin in concentrations of less than 1%.

“In addition to making the data open access for others to study, our team intends to utilise the sequence information to resolve the relationship with other Psilocybe mushrooms as well as to understand the biosynthetic differences between Psilocybe mushroom species and their chemical constituents. We have a particular interest in the expression of aeruginascin and bufotenine, minor tryptamines potentially involved in wood-lovers paralysis (WLP), an understudied phenomenon that has led some regulators to establish restrictions to the access of species other than P. cubensis.” Stated Philippe Henry PhD, Director and Chief Science Officer of Lexston.

Psilocybe allenii. USA, CA, Oakland, 5 January 2006. Peter G. Werner.

About the Entheome Foundation

The Entheogen Genome Project is an initiative partaken by the Entheome Foundation with the mission to preserve and understand all entheogenic flora, fauna and funga. As part of this endeavor, the Entheome Foundation collaborates with sponsors who provide the monetary resources for the procurement, genomic sequencing and biobanking of specific specimens, with the intention to make the information publicly accessible.  The Entheome Foundation is an open-science platform for psychedelics research. www.entheome.org

About Lexston Life Sciences Corp.

Lexston Life Sciences Corp. is a Canadian biotechnology company providing cannabis testing and research services.  Lexston has recently secured licensing under the exemptions prescribed by section 56 of the Controlled Drugs and Substances Act (Canada) to enable the expansion of its services into the psychedelic industry with an initial focus on the detection and quantification of psychedelic molecules in the lab and point of care. Lexston intends to develop and validate methods for standardized manufacturing of plant derived psychedelics in support of burgeoning trials in the field of mental health and wellness.

On Behalf of the Board of Directors

LEXSTON LIFE SCIENCES CORP.

Jagdip Bal Chief Executive Officer

Telephone: (604) 928-8913

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