LAURION Announces Filing of Audited Annual Financial Statements

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LAURION Announces Filing of Audited Annual Financial Statements

TORONTO, ONTARIO ( April 28, 2023) – LAURION Mineral Exploration Inc. (TSX.V: LME and

OTC: LMEFF) (“LAURION” or the “Corporation”) is pleased to announce that it has filed on

SEDAR its audited annual consolidated financial statements ("Financial Statements") and

management's discussion and analysis ("MD&A") for the year ended December 31, 2022.

Cynthia Le Sueur -Aquin, President & CEO, commented, "With a strong balance sheet and

continued exploration success in 2022, we are looking forward to another exciting year of

exploration and completion of additional surface work and drilling in 2023.”

About 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 OTC under the symbol LMEFF. LAURION now has

256,909,855 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 km2 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, social,

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

regard fal ls within the ambit of its mineral exploration activities and more specifically,

advancing the Project.

A consequence of LAURION’s success and advancement over the past several years is

that the Corporation has become positioned as an acquisition target f or appropriate

potential acquirors. Accordingly, the Corporation’s Board of Directors is aware that

possible strategic alternatives and transactional opportunities may arise and/or could be

procured in the short or medium terms. The Corporation will promptly issue a press release

if any material change occurs. In the meanwhile, LAURION will continue to explore

opportunities and potential transactions that are strategically beneficial to the

Corporation and its shareholders.

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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

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 ability to advance the Ishkoday

Project, and the nature, focus , timing and potential results of the Corporation’s future exploration efforts,

including its planned activities for I shkoday in 2023. 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 inclu ding 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 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 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. 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.

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.