Filed by newsfilecorp.com NEWS RELEASE Lexaria Issues Stock Options Kelowna, BC

Lexaria Issues Stock Options

Kelowna, BC July 24, 2014 - Lexaria Corp. (LXRP-OTCQB)

(LXX-CSE) (the "Company" or "Lexaria") announces it has issued 625,000

stock options to an advisor and consultants, vesting immediately, with an

exercise price of US$0.25. The stock options expire on July 24, 2019.

The securities referred to herein will not be or 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.

Lexaria s shares are quoted in the USA with symbol LXRP and in

Canada with symbol LXX. The company searches for projects that could provide

potential above-market returns.

To learn more about Lexaria Corp. visit

www.lexariaenergy.com.

FOR FURTHER INFORMATION PLEASE CONTACT:

FORWARD-LOOKING STATEMENTS

This release includes forward-looking statements. 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 or workovers 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 including but not limited to surface flooding 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 and there is no assurance that the Company will be able to raise required working capital. 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 medical marijuana business will provide any benefit to Lexaria, and no

assurance that the Company will receive a license regarding medical marijuana from any authority.

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