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Warrants Exercised and Private Placement

Vancouver, BC LEXARIA CORPORATION (LXX) (the "Company"

or "Lexaria") announces that it has accepted the exercise of 173,043 warrants at

US$0.20 each, and has as a result issued 173,043 common shares of the Company.

The Company has received proceeds of $34,609 as a result of this warrant

exercise, which is being credited to general working capital. The Company

previously announced the exercise of 1,500,000 warrants on June 10, 2011, and

the exercise of 500,000 warrants on July 8, 2011, for a total of 2,173,043

warrants recently exercised.

The Company also announces it has issued a total of 200,000

shares due to private placements into the Company. This financing consisted of

200,000 units at US$0.35 per unit and raised gross proceeds of $70,000. Each

unit consists of one common share in the capital of the Company and one

non-transferable share purchase warrant, each full warrant entitling the holder

to purchase one additional common share in the capital of the Company for a

period of two years from the date of issuance, at a purchase price of US$0.50

The Company will pay commissions of $3,500 (5%) in cash in

connection with the Private Placement.

The securities issued will be subject to a hold period for any

resales into the USA under Rule 144, of six months and one day. Proceeds of the

Private Placement will be used for general working capital. The Private

Placement will be subject to normal regulatory approvals.

The securities referred to herein have not been registered

under the United States Securities Act of 1933, as amended, and may not be

offered or sold in the United States absent registration or an applicable

exemption from registration requirements.

As a result of the above stock issuances, the Company now has

15,512,702 issued and outstanding shares.

To learn more about Lexaria Corp. visit

www.lexariaenergy.com.

ON BEHALF OF THE BOARD

"Chris Bunka," President

FOR FURTHER INFORMATION PLEASE CONTACT:

Chris Bunka President/CEO/Chairman

FORWARD-LOOKING STATEMENTS

This release includes forward-looking statements within the

meaning of Section 27A of the Securities Act of 1933, as amended, and Section

21E of the Securities Exchange Act of 1934, as amended. Statements which are not

historical facts are forward-looking statements. The Company makes

forward-looking public statements concerning its expected future financial

position, results of operations, cash flows, financing

plans, business strategy, products and services, competitive positions, growth opportunities, plans and objectives of management for future operations, including statements that include words such as "anticipate," "if," "believe," "plan,"

"estimate," "expect," "intend," "may," "could," "should," "will," and other similar expressions are forward-looking statements. Such forward-looking statements are estimates reflecting the Company's best judgment based upon current information and

involve a number of risks and uncertainties, and there can be no assurance that other factors will not affect the accuracy of such forward-looking statements. It is impossible to identify all such factors but they include and are not limited to the

existence of underground deposits of commercial quantities of oil and gas; cessation or delays in exploration because of mechanical, weather, operating, financial or other problems; capital expenditures that are higher than anticipated; or

exploration opportunities being fewer than currently anticipated. There can be no assurance that road or site conditions will be favorable for field work; no assurance that well treatments will have any effect on oil or gas production; no assurance

that oil field interconnections will have any measurable impact on oil or gas production or on field operations, and no assurance that any expected new well(s) will be drilled or have any impact on the Company. There can be no assurance that

expected oil and gas production will actually materialize; and thus no assurance that expected revenue will actually occur. There is no assurance the Company will have sufficient funds to drill additional wells, or to complete acquisitions or other

business transactions. Such forward looking statements also include estimated cash flows, revenue and current and/or future rates of production of oil and natural gas, which can and will fluctuate for a variety of reasons; oil and gas reserve

quantities produced by third parties; and intentions to participate in future exploration drilling. Adverse weather conditions can delay operations, impact production, and cause reductions in revenue. The Company may not have sufficient expertise to

thoroughly exploit its oil and gas properties. The Company may not have sufficient funding to thoroughly explore, drill or develop its properties. Access to capital, or lack thereof, is a major risk. Current oil and gas production rates may not be

sustainable and targeted production rates may not occur. Factors which could cause actual results to differ materially from those estimated by the Company include, but are not limited to, government regulation, managing and maintaining growth, the

effect of adverse publicity, litigation, competition and other factors which may be identified from time to time in the Company's public announcements and filings.

The CNSX has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.