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Lexaria Awards Share Incentive Related to Recent Patent Achievements

Lexaria Bioscience Corp. announces that it has issued a total of 355,000 restricted common shares.

Lexaria Bioscience Corp. LXRP LXX:CNX, a drug delivery platform innovator, announces that it has issued a total of 355,000 restricted common shares as required by executive consulting agreements, shared by the Chief Executive Officer and the President of the Company.

The shares are required to be issued upon certain intellectual property achievements and patent application filings in March and April triggered the awards. As a result, 172,500 shares were awarded at an issue price of US$1.24; and 182,500 shares were awarded at an issue price of US$1.32. Cash compensation of US$185,200 designed to offset tax liabilities from the share award was also granted.

Lexaria currently has ~49 patents pending or granted around the world and has fostered an internal environment of intellectual creativity, incentivizing employees and consultants for successful patent progress. One year ago, the Company had only ~18 patents pending or granted.

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