LAURION Announces Appointment of Vikram Jayaraman of DRA Americas Inc. to the Technical Advisory Board

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LAURION Announces Appointment of Vikram Jayaraman of DRA

Americas Inc. to the Technical Advisory Board

TORONTO, ONTARIO (December 20, 2022) – LAURION Mineral Exploration Inc. (TSX.V:

LME and OTCPINK: LMEFF) (“LAURION” or the “Corporation”), is very pleased to

announce the appointment of Vikram Jayaraman of the global engineering, project

delivery and asset management company, DRA Americas Inc. (“ DRA”), to the

Corporation’s Technical Advisory Board.

“Vikram will be a valuable asset to LAURION’s Technical Advisory Board, bringing his

extensive industry experience and knowledge . Vikram has worked closely with

LAURION to date, injecting his innovative approach and processes to our propective

operations in furtherance of our desired outcom e to advance all aspects of the

Ishkoday Project. This appointment reflects LAURION’s commitment to advancing the

Ishkoday Project with the goal of developing the stockpiles and monetiz ing the

available material through recovery of contained gold within the stockpiles and/or

existing shaft, while simultaneously ramping up on its explora tion programs”, stated

Cynthia Le Sueur-Aquin, President and Chief Executive Officer of LAURION.

Vikram holds a Master’s Degree in Metallurgy from McGill University and a Master’s

Degree in Business Administration (MBA) from the Rotman School of Management

at University of Toronto. Previously, Vikram was the Vice President – Solutions Sales

at Outotec OY, where he had global responsibility for process solution sales and

proposals.

DRA has assembled a world-class team under the guidance of Vikram, which includes

qualified ore sorting engineers tha t, in management’s view, are well -positioned to

deliver the economic studies and outcomes that are expected to add value to

LAURION’s business case and set -up the Ishkoday Project to achieve down -stream

implementation. The Corporation believes that ore sorting is critical with respect to its

ability to reduce O PEX, reduce CAPEX, lower cut off grades and increase final

payables.

The Corporation also announces that pursuant to its stock option plan, LAURION will

grant incentive stock options to Mr. Jayaraman to acquire a total of 250,000 common

shares of the Corporation (“Options”), exercisable for a period of five years at an

exercise price of $0.5 0 per share , subject to vesting requirements. One third of the

Options vest immediately, one-third of the Options will vest on the first anniversary of

their date of grant and the remaining one-third of the Options will vest on the second

anniversary of their date of grant. The issuance of Options, as contemplated in this

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news release, is subject to the terms of the Corporation’s stock option plan and TSX

Venture Exchange (“TSXV”) approval.

ABOUT DRA

DRA Americas Inc. is a 100% owned subsidiary of DRA Global Limited (ASX: DRA | JSE:

DRA) (the “DRA Group”), which is a multi-disciplinary consulting, engineering, project

delivery and operations management group predominantly focused on the mining

and minerals resources sector. The DRA Group has an extensive global track record,

spanning more than three decades and more than 7,500 studies and projects as well

as operations, maintenance and optimisation solutions across a wide range of

commodities.

The DRA Group has expertise in mining, minerals and metals processing and related

non-process infrastructure, including sustainability, water and energy solutions for the

mining industry. The DRA Group delivers advisory, engineering and project delivery

services throughout the capital project lifecycle from concept though to operational

readiness and commissioning , as well as ongoing operations, maintenance and

shutdown services.

The DRA Group, headquartered in Perth, Australia, services its global customer base

through 16 offices across Asia-Pacific, North and South America, Europe, Middle East

and Africa.

LAURION Mineral Exploration Inc.

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

the TSXV under the symbol LME and on the OTCPINK under the symbol LMEFF. LAURION

now has 256,069,855 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 development of its flagship project, the 100% owned

mid-stage 47 km 2 Ishkoday Project, and its gold -silver and gold -rich polymetallic

mineralization.

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

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, management's objectives, strategies, beliefs and intentions , the Corporation’s

engagement of DRA and/or its affiliates and the studies and estimates that result from this

engagement, the Corporation’s ability to advance the Ishkoday Project, the Corporation’s

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future exploration campaign s, the Options and LAURION’s stock option plan. 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 TSXV not providing its approval for the granting

of the Options, the interpretation and actual results of current exploration activities, changes

in project and exploration campaign parametres 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 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 factor s disclosed in the

Corporation’s publicly filed documents available under its profile at www.sedar.com. Investors

should consult the Corporation’s ongoing quarterly and annual filings, as well as any other

additional documentation comprising the Corporatio n’s public disclosure record, for

additional information on risks and uncertainties relating to these forward -looking statements.

The foregoing is not an exhaustive list of factors that may affect the Corporation’s forward -

looking statements. Other risks a nd uncertainties not presently known to the Corporation

and/or not specifically referenced herein could also cause actual results or events to differ

materially from those expressed in its 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 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.