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Lexaria Delivers Growth in Revenues and Gross

(Kelowna, BC: February 13, 2013) - Lexaria Corp. (the "Company

or Lexaria") is pleased to announce continued growth in revenues and gross

profit in the year ending October 31, 2012, as compared to previous years.

The Company improved its 2012 performance compared to 2011 and

Revenue increased by 20% from 2011.

Gross Profit increased

Cash Flow Before Depletion and G&A increased by 23%

Oil Sales increased by 4% from 2011.

After G&A and all other costs including non-cash items such

as depletion and non-cash compensation, the Company recorded an overall loss of

$251,508 in 2012, versus an overall loss of $538,226 in 2011.

The Company received an average price of approx $108.71 per

barrel of oil sold during 2012. This price is higher than many North American

oil producers due to Lexaria s advantageous position that allows it to capture

an oil price that is closer to global Brent, than it is to West Texas

Intermediate pricing.

Lexaria enjoyed oil netbacks of as much as $63.22 (3rd

quarter) per barrel and a weighted average of $56.36 during the entire

year - higher than many companies of comparable size amongst its peer group.

Lexaria continues to believe this demonstrated efficient

production of assets on this small scale can be scaled-up as the Company

positions itself to maximize cash flows while exploring strategic alternatives.

The Company s complete 2012 financial statements have been

filed with the appropriate regulatory agencies both in Canada and in the USA.

To learn more about Lexaria Corp. visit

www.lexariaenergy.com.

ON BEHALF OF THE BOARD

FOR FURTHER INFORMATION PLEASE CONTACT:

Chris Bunka CEO/President

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 favourable 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 the 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. There is no assurance that any

future exploration will take place and no assurance that there are any likely

locations for Belmont Lake look-alike fields. 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. There is no assurance that the Company s revenue

growth is any indication of the potential of its Mississippi operations to

deliver additional growth through either proven reserve development or

potentially through exploration drilling on the Company s large land options, or

that oil production can be maintained at any particular rate.

The CNSX has not reviewed and does not accept responsibility

for the adequacy or accuracy of this release.