Lexar Doubles the Performance of Its Popular 8GB CompactFlash Memory Card; High-Capacity Card is Ideal for Both Professional an

Lexar Media, Inc. (Nasdaq:LEXR), a world leader in
advanced digital media technologies, today announced that it has
doubled the speed rating of its popular Professional 8GB
CompactFlash(R) memory card to 90X. Furthering the company's lengthy
heritage in delivering cards with market-leading performance, the new
8GB card is one of the fastest high-capacity CompactFlash cards
available. On display at the Photo Marketing Association International
(PMA) show, Lexar's new card is capable of a minimum sustained data
write speed of 13.5 MB per second. In addition to increased speed and
performance, the new high-speed card will be available in CompactFlash
Type I flash memory card format, the most popular format for today's
SLR digital cameras.
   "The performance of our new memory card allows for a high-speed
transfer of large files at all points in the digital photography
process including during image capture and throughout the downloading
process to the photographer's computer, directly addressing the needs
of today's photographers," said John Omvik, director of professional
product marketing, Lexar. "CompactFlash Type I remains the most
popular card format for photographers using high-end digital cameras
including those units within the rapidly growing digital SLR
category."
   "The size of the card is only one of the key elements in the
digital photography process," said David Honl, professional
photographer, who is currently featured on Lexar's digital photography
website. "The speed at which I can move the content from my card to my
computer is also extremely important, particularly when I've spent the
day filling multiple cards while shooting in RAW format with my Canon
EOS 1D Mark II. The speed of the card directly contributes to an
improved digital photography workflow," he added.
   Like all Lexar professional flash memory cards, the new 8GB
CompactFlash includes the full version of Lexar Image Rescue(TM) 2.0,
the company's award-winning image recovery software, and Paint Shop
Pro(R) 9, the image editing and management software program from
Corel, and a trial version of Photo Mechanic(TM), the popular image
browsing software application by Camera Bits.
   Lexar's new Professional 8GB CompactFlash Type I card will be
available in April.
   Lexar will display its new 8GB CompactFlash card along with its
full line of professional photography products at PMA in booth #4140.

   About Lexar Media, Inc.

   Lexar is a leading marketer and manufacturer of NAND flash memory
products including memory cards, USB flash drives, card readers and
ATA controller technology for the digital photography, consumer
electronics, industrial and communications markets. The company holds
over 94 issued or allowed controller and system patents, and licenses
its technology to companies including Olympus Corporation, Samsung
Electronics Co., Ltd., SanDisk Corporation and Sony Corporation. Lexar
sells its memory cards worldwide and through an exclusive agreement,
also sells memory cards under the Kodak brand. Headquartered in
Fremont, California, Lexar has operations in countries around the
world. More information is available at www.lexar.com.

   Cautionary Note Regarding Forward-Looking Statements

   This release contains forward-looking statements, which are
subject to the safe harbor provisions of the Private Litigation Reform
Act of 1995. These statements include statements related to the
digital photography market, the benefits and availability of, and
consumer demand for, Lexar's products, including the 8GB CompactFlash
cards, and the growth opportunities available to Lexar. These
forward-looking statements involve risks and uncertainties that could
cause our actual results to differ materially from those anticipated
by these forward-looking statements. These risks include that the
growth and success of our business depends on our ability to achieve
and maintain technology leadership, and develop, sell and market
products that are commercially accepted. Readers should also refer to
the risk factors described in our filings with the SEC, including our
most recently filed Form 10-K and Form 10-Q. We assume no obligation
to update the information in this release.

   Lexar and the Lexar logo are trademarks of Lexar Media, Inc. Corel
and Paint Shop are trademarks or registered trademarks of Corel
Corporation and/or its subsidiaries. Photo Mechanic is a trademark of
Camera Bits. All other brand or product names are trademarks or
registered trademarks of their respective holders.