Laurion Announces Completion of Previously-Announced Private Placement of Flow-Through Units and Non Flow- Through Shares This News Release is Intended FOR Distribution in Canada Only and is Not Intended FOR Distribution to United States Newswire Services or Dissemination in
LAURION ANNOUNCES COMPLETION OF PREVIOUSLY-ANNOUNCED
PRIVATE PLACEMENT OF FLOW-THROUGH UNITS AND NON FLOW-
THROUGH SHARES
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 - (June 17 , 20 26) – LAURION Mineral Exploration Inc. (TSX.V:
LME|OTC: LMEFF|FSE: 5YD) (“LAURION” or the “Corporation”) is pleased to announce that
it has closed the second and final tranche (the “ Second Tranche”) of its non -brokered
private placement (the “ Private Placement”) of flow-through units (the “FT Units ”) and
non flow-through common shares (the “Non-FT Shares”), which was originally announced
on May 25, 2026. Pursuant to the Second Tranche, the Corporation issued 333,333 Non-FT
Shares at a price of $0. 21 per share for aggregate gross proceeds of approximately
$70,000. The Corporation previously announced the closing of the first tranche of the
Private Placement (the “ First Tranche ”) on June 12, 2026, pursuant to which the
Corporation issued 3,576,946 FT Units at a price of $0.26 per FT Unit for aggregate gross
proceeds of approximately $930,006. In total, the Corporation has raised approximately
$1.0 million across both tranches of the Private Placement.
Each FT Unit consists of one common share of the Corporation (each, a “FT Share”) and
one common share purchase warrant (each, a “ Warrant”). Each Warrant entitles the
holder thereof to acquire one Non-FT Share at a price of $0.35 per share for a period of
24 months from the date of issuance. The FT Shares and Warrants comprising the FT Units
qualify as “flow-through shares”, as defined in s ubsection 66(15) of the Income Tax Act
(Canada) (the “Tax Act”).
The gross proceeds of the First Tranche will be used for “Canadian exploration expenses”
(within the meaning of the Tax Act), which will qualify, once renounced, as “flow-through
mining expenditures”, as defined in the Tax Act, which will be renounced with an
effective date of no later than Dec ember 31, 2026 (provided the subscriber deals at
arm’s length with the Corporation at all relevant times) to the initial purchasers of FT Units
in an aggregate amount not less than the gross proceeds raised from the issue of the FT
Units. LAURION intends t o allocate the gross proceeds from the issue of FT Units to
advance the Corporation’s 2026 drill program on the Ishkõday property. The Corporation
intends to use the net proceeds from the issue of Non -FT Shares for exploration activities
and general working capital purposes.
Pursuant to applicable Canadian securities laws, all securities issued pursuant to the
Private Placement are subject to a hold period of four months and one day from the
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applicable closing date, expiring on October 13, 2026 (for securities issued under the First
Tranche) or October 1 8, 2026 ( for securities issued under the Second Tranche), as
applicable. No finders ’ fees were paid in connection with the Second Tranche. The
Private Placement remains subject to the final approval of the TSX Venture Exchange
(the “TSXV”).
About LAURION Mineral Exploration Inc.
LAURION Mineral Exploration Inc. is listed on the TSX Venture Exchange (LME), OTC
(LMEFF), and Frankfurt Stock Exchange (5YD), and is a mid -stage Canadian mineral
exploration company, focused on advancing the 100% -owned Ishkōday Gold &
Polymetallic Project in Northern Ontario.
The Ishkōday Project covers approximately 57 km² within the prolific Beardmore –
Geraldton and Onaman–Tashota Greenstone Belts and hosts a district-scale mineralized
corridor extending more than six kilometres. Historical and modern exploration programs
have completed over 98,000 metres of drilling, confirming a large and evolving gold-rich
polymetallic mineral system.
LAURION’s strategy emphasizes disciplined, data -driven exploration, systematic
technical advancement, integrated geological modelling, and responsible capital
allocation. The Corporation is focused on strengthening geological confidence,
expanding the scale of the mineral system, and positioning the project for a future NI 43-
101 Mineral Resource Estimate (MRE). LAURION continues to evaluate opportunities that
may enhance project development flexibility, including potential non -dilutive initiatives
such as the evaluation of historical surface stockpile processing. The Corporation’s
objective is to build technical clarity, scale, and long -term project value before
monetization, ensuring that future development decisions or strategic opportunities are
supported by strong geological foundations and reduced execution risk.
Cynthia Le Sueur -Aquin, President and CEO of LAURION, is the Corporation’s largest
shareholder, holding 17,221,306 common shares, reflecting strong alignment between
management and shareholders.
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
Douglas Vass – Investor Relations Consultant
Email: [email protected]
Website: http://www.LAURION.ca
Follow us on: X ( @LAURION_LME), Instagram (laurionmineral) and LinkedIn
(https://www.linkedin.com/in/cynthia-le-sueur-aquin-laurion-lme-04b03017/)
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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 use of proceeds of the
Private Placement, the Corporation’s ability to advance, expand and/or develop the Ishkõday
Project (and achieve the Corporation’s technical and strategic objectives) and any possible
strategic alternatives and transactional opportunities that may arise and/or could be procured in
the future with respect to the Corporation. 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 final approval for the Private Placement (including the payment of finders’
fees in connection therewith) or any strategic alternatives or transactional opportunities, the
interpretation and actual results of current exploration activities, future prices of gold and/or other
metals, and 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 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. All sample
values are from grab samples and channel samples, which by their nature, are not necessarily
representative of overall grades of mineralized areas. Readers are cautioned to not place undue
reliance on the assay values reported in this press release.
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.