LME.V · 2023-10-18 12:00:00

Laurion Announces Annual and Special Meeting

Shareholder Meetings

LAURION ANNOUNCES ANNUAL AND SPECIAL MEETING

TO BE HELD ON NOVEMBER 15, 2023

AND PROVIDES CORPORATE UPDATE

TORONTO, ONTARIO (October 18, 2023) – LAURION Mineral Exploration Inc. (TSX.V: LME

and OTCPINK: LMEFF) (“LAURION” or the “Corporation”) , a mid-stage junior exploration

and development company focused primarily on its wholly -owned Ishkoday Project,

wishes to announce that its Annual and Special Meeting of shareholders (the "Meeting")

will be held on Wednesday, November 15, 2023 at 12:00 p.m. (Eastern time). LAURION

will host a corporate update immediately after the Meeting to discuss the Corporation’s

business strategy and objectives.

The following items of business will be considered at the Meeting:

 Setting the number of directors of the Corporation to be elected at the Meeting

at three.

 The election of the Corporation’s directors. As announced in the Corporation’s

news release dated September 29, 2023, Nick Ierfino resigned as a director of the

Corporation due to personal reasons , effective September 30, 2023 , and will not

be standing for re -election at the Meeting . LAURION remains confident in the

capabilities of its dedicated board and management teams, and is steadfast in

its belief that the c urrent composition of the Board of Directors leaves the

Corporation well-positioned for continued future advancement. Moving forward,

LAURION will continue to leverage its relationships with key service providers and

experts to support these teams, as it deems appropriate.

 The reappointment of RSM LLP as auditors of the Corporation for the ensuing

year.

 The approval and ratification of the Corporation’s “rolling” stock option plan.

The timing of the Meeting was determined in consideration of the timing and execution

of LAURION’s current summer/autumn exploration program.

Meeting Materials

To further its commitment to environmental sustainability and to reduce its printing and

mailing costs, LAURION uses the Notice and Access process for the delivery of meeting

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materials. Under Notice and Access, instead of receiving printed copies of the meeting

materials, shareholders receive a Notice and Access Notification containing details of

the Meeting date, location and purpose, and information on how to access the

meeting materials electronically. The timing and process for voting at the Meeting are

described in detail in the Corporation’s notice of meeting and management

information circular for the Meeting, which have been made accessible to shareholders

through Notice and Access and SEDAR+ at www.sedarplus.ca. The record date for the

Meeting is October 5, 2023.

General Corporate Update

The Corporation’s 2023 autumn drilling campaign has commenced and is comprised of

approximately 3,675 metres of NQ drilling. The drill program is focused on targeting the

northeast extension of the Sturgeon River Mine structure at the Ishkoday Project,

located 220 km northeast of Thunder Bay and 28 km northeast of the Township of

Beardmore.

Fieldwork will continue as long as the weather conditions prevail. Utilization of LiDAR, the

magnetic geophysical survey completed earlier this year, in conjunction with the

Corporation’s 3D model, has proved to be most successful in structural and mapping

work completed to date.

Qualified Person

The technical contents of this release were reviewed and approved by Jean -Philippe

Paiement, PGeo, MSc, a consultant to LAURION, and a qualified person as defined by

National Instrument 43-101 – Standards of Disclosure for Mineral Projects.

About LAURION Mineral Exploration Inc.

The Corporation is a junior mineral exploration and development company listed on the

TSX Venture Exchange under the symbol LME and on the OTC under the symbol LMEFF.

LAURION now has 258,091,594 outstanding shares of which approximately 80% are

owned and controlled by Insiders who are eligible investors under the “Friends and

Family” categories.

LAURION's emphasis is on the exploration and development of its flagship project, the

100% owned mid -stage 47 km 2 Ishkoday Project, and its gold -rich polymetallic

mineralization.

LAURION’s chief priority remains maximizing shareholder value while simultaneously

embracing and considering the principles and best practices of environmental, socia l,

and corporate governance (ESG) issues. A large portion of the Corporation’s focus in

this regard falls within the ambit of its mineral exploration activities and more

specifically, advancing the Ishkoday Project.

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FOR FURTHER INFORMATION, CONTACT:

LAURION Mineral Exploration Inc.

Cynthia Le Sueur-Aquin – President and CEO

Tel: 1-705-788-9186

Fax: 1-705-805-9256

Steven Hunter - Investor Relations Consultant

Email: [email protected]

Website: http://www.LAURION .ca

Caution Regarding Forward-Looking Information

This press release contains forward -looking statements, which reflect the Corporation’s current

expectations regarding future events, including with respect to LAURION's business, operations

and condition, and management's objectives, strategies, beliefs a nd intentions , including in

regards to the Corporation’s drill program and fieldwork at the Ishkoday Project . 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 interpretation and actual results of current exploration

activities, includi ng the Corporation’s drill program , 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 f ailure of

contracted parties to perform, labor disputes and other risks of the 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 fi led 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 relat ing to these forward -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 EXCH ANGE 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.

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