Successful New Oil Well Kelowna, BC

Successful New Oil Well

Kelowna, BC December 6, 2013 - Lexaria Corp. (LXRP-OTCQB)

(LXX-CNSX) (the "Company" or "Lexaria") is pleased to report that the

newly drilled PPF-12-7 well at Belmont Lake has reached total depth and sidewall

core analysis indicates approximately 20 feet (true vertical depth) of oil

This is our fifth successful well at Belmont Lake Field,

commented Lexaria President, Chris Bunka. We have high expectations for this

well and believe it will be an important contributor to the overall success of

this field. Oil and yellow fluorescence was encountered from 3,140.5 feet to

3,162 feet with recovered oil samples grading as high as 33 API. Permeability is

very high across the entire sampled area, ranging from 3,100 millidarcies to as

high as 4,750 millidarcies. For comparison, sand has a permeability of approx.

1,000 millidarcies. Lexaria s technical consultants believe the high

permeability could be indicative of a positive flow test.

Preparations are underway to complete the well and install

production equipment and flow lines. A new production facility is planned as

part of the overall 12-7 completion process that is separate from the existing

production facility that handles production from the pre-existing four Belmont

Lake wells. The new production facility will require shorter flow lines, is

topographically higher, and less prone to seasonal high water fluctuations,

which together should lead to more efficient and reliable full-year production.

More information, including eventual flow test results, will be

released when available. Griffin & Griffin Exploration, LLC is the operator

of the well which was drilled in Section 41, Township 2 North Range 4 West of

Wilkinson Country, Mississippi.

Lexaria retains a 42% working interest in the 12-1 and 12-3

wells; a 50% working interest in the 12-4 well and 12-5 wells; and a 13.3%

working interest in the 12-7 well.

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 completion of the 12-7 well or the new production

facility will be successful or lead to any increase in oil production.

The CNSX has not reviewed and does not accept responsibility

for the adequacy or accuracy of this release.