LME.V · 2023-10-04 12:00:00

LAURION Announces Commencement of 2023 Drill Program at the Ishkoday Project

Exploration Programs

LAURION Announces Commencement of 2023 Drill Program at the

Ishkoday Project

TORONTO, ONTARIO (October 4, 2023) - LAURION Mineral Exploration Inc. (TSX.V: LME)

and (OTCPINK: LMEFF) (“LAURION” or the “Corporation”) is pleased to announce the

commencement of the 2023 diamond drill program (the “Drill Program”) at its 100%

owned Ishkoday Project, located 220km northeast of Thunder Bay and 28km northeast

of the Township of Beardmore.

LAURION has retained Forage GeoNord from Dolbeau-Mistassini, Québec, under the

supervision of Ronacher McKenzie Geoscience of Sudbury, Ontario.

The drill ing campaign will commence on October 16 th, 2023, and will comprise of

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

the northeast extension of the Sturgeon River Mine structure, with the objective of

targeting the Number 1, 2, 3 quartz veins and other quartz veins and shear structures

encountered in the historic mining of the Sturgeon River Mine.

The Sturgeon River property hosts the former producing Sturgeon River Mine, known

previously as the Coniagas Mine, which produced 73,439 ounces of gold, and 15,922

ounces of silver between 1936 and 1942. (Seeber,1983). The shaft was sunk to a depth

of 2,108 ft with development on 14 levels, the lowest producing level being at 1,750 ft,

with the main economic mineralization confined to the No. 3, M and 10 and 11 quartz

veins. Underground development included 20,239 ft of drifting and 3,149 ft of

crosscutting. The main economic mineralization was confined to the No. 3, M and 10

and 11 quartz veins. Wartime restrictions in 1942 forced the mine ’s closure in 1942

(Seeber,1983).

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 257,948,737 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 prio rity remains maximizing shareholder value while simultaneously

embracing and considering the principles and best practices of environmental,

social, 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.

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 the anticipated timing and results of the

Drill Program, LAURION’s expectations regarding the Dri ll Program, LAURION's business, operations and

condition, and management's objectives, strategies, beliefs and in tentions. 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 and future explora tion 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 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 filed documents. Inve stors 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 TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies

of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. No

stock exchange, securities commission or other regulatory authority has approved or disapproved the

information contained herein.

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