Lexar LockTight Professional CompactFlash Wins Prestigious TIPA Award; Innovative Card-Level Security System Named ''Best Imagi

Lexar Media, Inc. (Nasdaq:LEXR), a world leader in
advanced digital media technologies, today announced that Lexar(R)
LockTight(TM) Professional CompactFlash memory cards, ideal for
security-conscious photographers worldwide, have been recognized by
the Technical Image Press Association (TIPA) as the "Best Imaging
Storage Media" introduced in Europe in the past 12 months. The
award-winning system employs a unique functionality for protecting
stored data when used in conjunction with a camera that supports the
system and, as a result, is a valuable tool for photographers in
fields such as forensic photography, scientific research, military,
law enforcement and mass media.
   "Lexar LockTight is a revolutionary technology that dramatically
improves the workflow process of digital photographers in vertical
markets, and is the only secure digital imaging solution that easily
and reliably restricts unauthorized access to data stored on
LockTight-enabled cards," said Dave Klenske, director, memory card
business unit, Lexar. "When used in conjunction with supported digital
cameras, including the popular Nikon D2X, D2Hs and D200, LockTight
provides valuable peace of mind to those who need to protect their
stored information."
   Beyond security, Lexar LockTight CompactFlash and Secure Digital
flash memory cards deliver professional-level performance that
includes a minimum sustained write speed capability of 80X and 120X,
respectively, enough to take advantage of a digital SLR's burst mode
shooting feature. (Lexar defines "X" within its speed-rating system as
equivalent to a minimum sustained write speed capability of 150
kilobytes per second). Lexar LockTight cards are reliable storage
media that allow photographers to maximize the popular
high-performance features incorporated into their digital SLR cameras,
while adding security functionality to their working process.
   Lexar LockTight CompactFlash and Secure Digital flash memory cards
are two products within the company's comprehensive line of cards and
accessories developed for professional photographers. Included within
that line are 133X speed-rated flash memory cards, currently available
in both CompactFlash and Secure Digital formats, and uniquely designed
Professional CompactFlash Readers that allow the user to
simultaneously download stored information from multiple flash memory
cards.
   TIPA is an organization of 31 photography and imaging magazines in
12 European countries, and the TIPA Awards are recognized throughout
the European imaging community as the "Oscars" of the industry. The
Awards are granted by Europe's most influential imaging editors who
judge each product on innovation, use of leading-edge technology,
design and ergonomics, ease of use, and price/performance ratio.

   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 97 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 LockTight flash
memory 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, manage competitive pressures and
develop, sell and market products that are commercially accepted; and
that security technology by its nature is capable of circumvention
such that we cannot guarantee data will be 100% secure from
unauthorized access, alteration or destruction. Readers should also
refer to the risk factors described in our filings with the SEC,
including our most recently filed Form 10-K. We assume no obligation
to update the information in this release.

   Lexar, LockTight and the Lexar logo are trademarks of Lexar Media,
Inc. All other brand or product names are trademarks or registered
trademarks of their respective holders.