Laurion and Metals House Inc. Form Strategic Alliance
LAURION AND METALS HOUSE INC. FORM STRATEGIC ALLIANCE
THIS NEWS RELEASE IS INTENDED FOR DISTRIBUTION IN CANADA ONLY AND IS NOT
INTENDED FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR DISSEMINATION IN
THE UNITED STATES.
TORONTO, ONTARIO - (May 22, 2019) – LAURION Mineral Exploration Inc. (TSX.V: LME and
OTCPINK: LMEFF) (“Laurion” or the “Corporation”), is very pleased to announce that
LAURION and Metals House Inc. (“Metals House”) has signed a Doré Sourcing Agreement
which includes LAURION and LAURION’s wh olly-owned subsidiary, Ahsineeg Inc.
(“Ahsineeg”), and Ahsineeg’s private investment group.
"We are excited to partner with Laurion in this strategic initiative," said Ayman Shahin, Co-
Founder and CEO of Metals House. "We expect this to be the first step in a mutually
beneficial long-term relationship between Laurion and Metals House.”
This Agreement will give Metals House a ‘right of first refusal’ to the 190,000 tonne surface
stockpile (the “Surface Stockpile”) located on LAURION’s wholly-owned Ishkoday
property (the “Ishkoday Project”) situated 220 kilometres northeast of Thunder Bay,
Ontario. The former Sturgeon River Mine pr oduced 73,322 ounces of gold, and 15,929
ounces of silver (1936-1942) from the No. 3 Vein (24 g/t gold), generating a large gold
and silver bearing stockpile in the indicated resource category. (NI 43 -101 – See Press
Release April 23, 2013 and the Technical Report filed on SEDAR June 2013).
LAURION’s wholly-owned subsidiary, Ahsineeg, alon g with its private investment group,
will not only finance and otherwise support the development and extraction of gold and
other metals from the Surface Stockpile, but will serve as the Canadian conduit/broker
for Metals House for doré sourced in Canada and other countries.
Metals House is a fully regulated global precious metals trading firm with its principal
trading subsidiary in the Dubai Multi Commodities Centre (DMCC) in Dubai, UAE. The firm
has offices in Dubai, Miami, Sao Paulo, Toronto, Nouakchott and Hong Kong.
Metals House’s primary business is arbitraging the pricing spreads between gold as a
commodity (raw/unrefined gold) and gold as a currency (refined/”Good Delivery” bars).
The company purchases unrefined artisanal mine-produced precious metals, as well as
bullion, bulk scrap jewelry, and government-minted gold and silver coins globally. Metals
House verifies the purity and refines the precious metals, and sells Good Delivery bars and
minted coins to clients worldwide. Metals House earns its revenues independent of gold
price volatility.
A Wholly owned Subsidiary of LAURION
Mineral Exploration Inc.
Page| 2
Metals House recently launched a $150 Million Debt Security Offering. The investment
opportunity, launched in April 2019, combines the collateral backing of physical gold
with a senior secured 8% coupon debt instrument. Approximately 95% of Metal House’s
total capital base is backed by physical precious metals (gold and silver) inventory and
USD currency, with inventory hedged against market fluctuations.
LAURION’s announcement of this Agreement with Metals House not only signals an
important moment for LAURION and its shareholders moving forward, but creates a
mutually beneficial long-term strategic financial working partnership for both parties.
Cynthia Le Sueur-Aquin, President and Chief Executive Officer of Laurion stated: “This is
truly a Win-Win scenario for all parties involved. Metals House Inc. has an excellent
reputation in precious metals trading and long-standing relationships in the gold and
silver industries. We look forward to drawing from their extensive international network,
their industry expertise and their market knowledge while bolstering a strategic financial
partnership that in time will drive the significant upside in LAURION’s Ishkoday Gold
Project.”
About Laurion
The Corporation is a junior mineral exploration and development company listed on the
TSX-V under the symbol LME and on the OTCPINK under the symbol LMEFF. LAURION now
has 153,630,084 outstanding shares of which 55.1% are owned and controlled by Insiders
and within the “friends and family” category.
LAURION’s emphasis is on the development of its flagship project, the 100% owned mid-
stage 44 km2 Ishkoday Project, and its gold-silver and gold-rich polymetallic
mineralization with a significant upside potential.
The Corporation has a project-wide database (2008 to 2018) that includes 283 diamond
drill holes totaling 40,729m, geological mapping, ground geophysics, and 14,992
individual samples with assays and geochemical analysis. The mineralization on the
Ishkoday is open at depth beyond the current core-drilling limit of -200 m from surface,
based on the historical mining to a -685 m depth, as evidenced in the past producing
Sturgeon River Mine.
Developing strong community relations is an integral part of the business plan at
LAURION. Our publicly-owned company and its subsidiary, Ahsineeg, intends to
continually strive to establish an active partnership with our Aboriginal Groups and
communities in which we conduct our operations.
Mr. Jean Lafleur, P. Geo. (APGO, OGQ), Laurion’s Technical Advisor to the Board of
Directors, is a Qualified Person as defined by National Instrument 43-101 guidelines, and
has reviewed and approved the content of this news release.
Page| 3
FOR FURTHER INFORMATION, CONTACT:
Laurion Mineral Exploration Inc.
Cynthia Le Sueur-Aquin - President
Tel: 1-705-788-9186
Fax: 1-705-805-9256
Website: http://www.laurion.ca
Caution Regarding Forward-Looking Information
This press release contains forward-looking statements, whic h reflect the Corporation’s current expectations regarding
future events, including with respect to Laurion's business, operations and condition, the Agreement and the transactions
contemplated therein, the relationship between Metals Hous e and the Corporation, future plans for the development of
the Corporation, Ahsineeg and/or the Iskoday Gold Project, and management's objectives, strategies, beliefs and
intentions. The forward-looking statements involve risks and uncertainties. Actual events and future results, performance or
achievements expressed or implied by such forward-looking statements could differ materially from those projected herein
including as a result of a change in the trading price of the common shares of Laurion, the TSX Venture Exchange not
providing its approval for the Agreement or the transactions contemplated therein, the interpretation and actual results
of current exploration activities, changes in project parameters as plans continue to be refined, future prices of gold and/or
other metals, possible variations in grade or recovery rates, failure of equipment or processes to operate as anticipated,
the failure of contracted parties to perf orm, labor disputes and other risks of th e mining industry, delays in obtaining
governmental approvals or financing or in the completion of exploration, as well as those factors disclosed in the
Corporation’s publicly filed documents. Investors should consult the Corporation’s ongoing quarterly and annual filings, as
well as any other additional documentation comprising the Corporation’s public disclosure record, for additional
information on risks and uncertainties relating to these forwar d-looking statements. The reader is cautioned not to rely on
these forward-looking statements. Subject to applicable law, the Corporation disclaims any obligation to update these
forward-looking statements.
NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICE PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES
OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THE CONTENT OF THIS
NEWS RELEASE.