SOURCE: Lexaria Corporation

April 11, 2007 10:10 ET

Lexaria Corp.: Oil and Gas Production

VANCOUVER, BC -- (MARKET WIRE) -- April 11, 2007 -- Lexaria Corp. (OTCBB: LXRA) (the "Company" or "Lexaria") provides the following production update from its interests in Mississippi and Oklahoma.

In Oklahoma, Lexaria reports that the recently completed Isbill #2-36 well in Owl Creek is producing and selling both natural gas and oil. This well is exceeding expectations in early production. The Isbill's first full day of production was 271 barrels of oil (BOE) and 141 mcf of gas and the second day of production was 256 BOE and 225 mcf of gas. The operator expects to limit production to approximately 200BOE/d and 150 mcf/d of gas. Lexaria has a 7.5% working interest (WI) in the Isbill #2-36 and of the remaining drilling prospects on the Owl Creek property.

In Mississippi Lexaria is increasing its monthly natural gas production, as earlier drilled wells are connected to pipelines and earlier compression delays are resolved.

Phase I Production (20% WI):

January     5,226 mcf;
February    9,778 mcf;
March       15,235 mcf.

Phase II Production (40% WI):

January     3,683 mcf;
February    3,610 mcf;
March       3,545 mcf.
While the Company does not make production forecasts, it does expect production increases in Mississippi to continue as additional pre-existing wells are connected, and as the result of ongoing drilling. As earlier reported, high water levels along the banks of the Mississippi River have delayed testing and connection of some wells, but these delays are expected to be remedied soon.

Lexaria also expects to drill up to 3 new additional wells before the end of May 2007, with the first of these to begin drilling within the next two weeks.

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 #200706

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