LME.V · 2021-06-17 12:00:00

Laurion Announces Receipt of $3.71 Million from Exercise of Securities

Financings

LAURION ANNOUNCES RECEIPT OF $3.71 MILLION

FROM EXERCISE OF SECURITIES

TORONTO, ONTARIO (June 17, 2021) – LAURION Mineral Exploration Inc. (TSX.V: LME and

OTCPINK: LMEFF) (“ LAURION” or the “Corporation”) today announced that since April

2021, LAURION has received aggregate gross proceeds of $ 3.71 million from the

exercise of warrants (including finder’s warrants) and stock options. A portion of these

proceeds are attributable to the exercise of securities by certain directors of the

Corporation, full details of which are available on the System for Electronic Disclosure by

Insiders (SEDI) at: www.sedi.ca.

The Corporation intends to use the proceeds from these security exercises for

exploration activities and general working capital purposes.

“LAURION is very pleased with the continued support of its investors,” said Cynthia Le

Sueur-Aquin, President and CEO . “This infusion of capital reflects our investors’

confidence in the future of LAURION. The proceeds received w ill support our

exploration work program at the Ishkoday Project and the execution of our business

plan in 2021 and beyond.”

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 OTCPINK under the symbol LMEFF. LAURION now

has 228,052,731 outstanding shares of which approximately 79% 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 f lagship project, the 100% owned mid-

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

mineralization with a significant upside potential. The mineralization on Ishkoday is open

at depth beyond the current core -drilling limit of -200 m from surface, based on the

historical mining to a -685 m depth, in the past producing Sturgeon River Mine. The

recently acquired Brenbar Property, which is contigu ous with the Ishkoday Property,

hosts the historic Brenbar Mine and LAURION believes the mineralization to be a direct

extension of mineralization from the Ishkoday Property.

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, and the use of

proceeds from the above -mentioned exercise of securities . The forward -looking statements

involve risks and uncertainties. Actual events could d iffer materially from those projected herein

including as a result of a change in the trading pric e of the Corporation’s common s hares.

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

other additional documen tation 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 FO R THE

ADEQUACY OR ACCURACY OF THE CONTENT OF THIS NEWS RELEASE.

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