Laurion Announces Proposed 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 PROPOSED 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 (May 25, 2026) – LAURION Mineral Exploration Inc. (TSX.V: LME|OTC:
LMEFF|FSE: 5YD) (“LAURION” or the “Corporation”) today announced that it is proposing
to complete a private placement on a non-brokered basis (the “ Private Placement”).
The Corporation intends to raise up to appr oximately $1 million in gross proceeds by
issuing a combination of flow-through units (the “ FT Units ”) and non flow-through
common shares of the Corporation (the “ Non-FT Shares ”). Pursuant to the Private
Placement, the FT Units will be issued at a pr ice of $0.26 per unit and the Non-FT Shares
will be issued at a price of $0.21 per share.
Each FT Unit will consist of one common share of the Corporation to be issued as a “flow-
through share” (as defined in subsection 66(15) of the Income Tax Act (Canada) (the
“Tax Act”)) (each, a “ FT Share ”) and one common share purchase warrant (each, a
“Warrant”). Each Warrant will entitle 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 gross proceeds raised from the FT Units will be used to incur eligible “Canadian
exploration expenses” (CEE) at the Corporatio n’s flagship Ishkõday Project that qualify
as “flow-through mining expenditures”, as such terms are defined in the Tax Act. LAURION
intends to allocate the proceeds from the Private Placement to advance the
Corporation’s 2026 drill program on the Ishk õday property. The Corporation intends to
use the net proceeds from the issue of Non-FT Shares for exploration activities and general
working capital purposes. In connection with the Private Placement, the Corporation
may pay finders’ fees in the form of cash commissions and/or finder’s warrants.
The closing of the Private Placement is subject to the approval of the TSX Venture
Exchange (the “TSXV”). All securities that are issued pursuant to the Private Placement
will be subject to, among other things, a hold period of four months and one day in
accordance with applicable Canadian securities laws.
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About LAURION Mineral Exploration Inc.
LAURION is listed on the TSX Venture Exchan ge (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 Project in Northern Ontario.
The Ishk ōday 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 geolog ical 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, in cluding potential non-dilutive initiatives
such as the evaluation of historical surf ace 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 shar es, 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/)
Caution Regarding Forward-Looking Information
This press release contains forw ard-looking statements, which re flect 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 completion of the
Private Placement, the anticipated size, timing and use of proceeds of the Private Placement, the
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finders’ fees that may be paid by the Corporation in connection with the Private Placement, the
Corporation’s ability to advance, expand and/or develop the Ishkõday Project and achieve the
Corporation’s strategic and technical objectives (including with respec t to the Corporation’s
expectations regarding the MRE), expectations and assumptions relating to the Corporation’s
ability to secure sufficient financing to execute it s strategic and technical objectives or plans on
acceptable terms or at all, the nature, focus, timing and potential results of the Corporation’s
exploration, drilling and prospecting activities in 2026 and beyond, 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-lo oking 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 Shares, the failure to obtain the consents, permits and/or
approvals from applicable governmental bodies , regulators and First Nations communities,
required in connection with the Corporation’s st rategic and technical objectives, the TSXV not
providing its approval for the Private Placement (including the payment of any finders’ fees in
connection therewith) or any st rategic 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 forw ard-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 ar e 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.