SOURCE: Lexaria Corporation

May 24, 2007 09:30 ET

Advisor Joins Lexaria Corp.

VANCOUVER, BC -- (MARKET WIRE) -- May 24, 2007 -- Lexaria Corp. (OTCBB: LXRA) (the "Company" or "Lexaria") announces that Mr. Thomas J. Ihrke has joined the Advisory Board of Lexaria Corp., effective immediately. Mr. Ihrke's experience in the finance markets will be of exceptional value to the Company.

Prior to co-founding Commissum Capital Management in July 2001 where he is now a General Partner, Tom joined Morgan Keegan & Co. in June 1993. Tom was a Senior Trader and Market Maker, overseeing the trading of approximately 50 NASDAQ bank and financial stocks and was also the market maker in oil service companies. In late 1999, Tom joined Morgan Keegan's corporate finance group as the senior member of the firm's Financial Institutions Group. After graduating from Texas Christian University in 1989, Tom spent three years trading US Treasury Bonds for his own account on the floor of the Chicago Board of Trade as a member of the Mid America Commodities Exchange. He then attended the Graduate School of Business at the University of Tennessee. Tom has previously served as President of the Memphis Security Dealers.

Lexaria expects to use Mr. Ihrke's strong financial background and market experience to assist and advise on finance matters on an ongoing basis, as it continues to grow through its drilling programs.

About Lexaria Corp.

Lexaria Corp. is an oil & gas company active in Mississippi, Oklahoma and in Alberta, Canada. The main focus currently is Mississippi, where it holds between 20% and 40% gross interests in various gas and oil projects. Lexaria routinely evaluates additional oil & gas projects and corporate opportunities.

Statements which are not historical facts are forward-looking statements. The Company makes forward-looking public statements concerning its expected future operations, performance and other developments. 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, operating, financial or other problems; capital expenditures that are higher than anticipated; or exploration opportunities being fewer than currently anticipated. The Company has no official gas or oil reserves at this time and may not have sufficient funding to thoroughly explore, drill or develop its properties. 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.

Press Release #200708

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