Laurion Announces Voting Results FOR Its Annual and Special Meeting of Shareholders
1 | P a g e
LAURION ANNOUNCES VOTING RESULTS FOR ITS
ANNUAL AND SPECIAL MEETING OF SHAREHOLDERS
TORONTO, ONTARIO - (September 29, 2022 ) – Laurion Mineral Exploration Inc. (TSX.V:
LME and OTCPINK: LMEFF) (“LAURION” or the “Corporation”) is pleased to announce the
voting results of the Annual and Special Meeting of S hareholders of the Corporation
that was held on September 28, 2022 (the “Meeting”).
Election of Directors
Each of the nominees for election as directors listed in the Corporation’s management
information circular dated August 19, 2022 (the “Circular”) were elected as directors of
the Corporation for the ensuing year or until their successors are elected or appointed.
Other Items of Business Considered at the Meeting
Each of the following resolutions voted on at the Meeting were also passed:
The reappointment of RSM LLP as auditors of the Corporation for the ensuing
year and the authorization of the directors of the Corporation to fix their
remuneration and the terms of their engagement.
A resolution ratifying, confirming and approving the renewal of the Corporation’s
rolling stock option plan (the “SOP”), as such plan and such resolution are set
forth in the Circular. Specifically, disinterested s hareholders approved certain
amendments to the SOP, which was updated to be in compliance with TSX
Venture Exchange Policy 4.4 – Security Based Compensation . The SOP is a
"rolling" plan pursuant to which the aggregate number of shares to be issued
under the SOP shall not exceed 10% of the Corporation’s issued and outstanding
shares. For further information with respect to the amendments to the SOP,
please see the Circular. The SOP remains subject to final TSX Venture Exchange
approval.
For further details regarding the matters considered at the Meeting, please refer to the
Circular, which can be found under the Corporation’s profile on SEDAR at
www.sedar.com.
We are at an important juncture in the outlook for LAURION. The Corporation’s Board of
Directors a nd management continue to work towards developing and executing a
strategy to deliver value creation to the Corporation’s shareholders. The Corporation
2 | P a g e
believes that its flagship asset, the Ishkoday Project, offers short -term transformational
opportunities with the potential development of revenue streams, hosted within the
orogenic and gold / polymetallic veins.
About LAURION
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 255,969,855 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 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
Brenbar Property, which was acquired in 2020 and is contigu ous with the Ishkoday
Property, hosts the historic Brenbar Mine. 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, and management's objectives, strategies, beliefs a nd intentions. 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 includi ng as a result of a change in the trading price of the
common shares of LAURION, the interpretation and actual results of current exploration
activities, changes in project parameters as plans continue to be refined, future prices of gold
and/or other meta ls, 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 documentat ion 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 la w, the Corporation disclaims any obligation to update these forward -looking
statements.
3 | P a g e
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 TH E
ADEQUACY OR ACCURACY OF THE CONTENT OF THIS NEWS RELEASE.