Laurion Announces Voting Results of Its Annual and Special Meeting of Shareholders
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LAURION ANNOUNCES VOTING RESULTS OF ITS ANNUAL AND SPECIAL MEETING
OF SHAREHOLDERS
NOT FOR DISTRIBUTION TO UNITED STATES NEWS SERVICES OR DISSEMINATION.
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 15, 2018) – 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 Shareholders of the Corporation that was
held on October 28, 2016 (the “Meeting”). The Corporation hereby advises that the
following resolutions were passed at the Meeting:
The election of the slate of directors set out in the Corporation’s Management
Information Circular dated April 4, 2018.
The reappointment of RSM LLP as audito rs of the Corporation for the ensuing
year and the authorization of the directors of the Corporation to fix their
remuneration.
The approval and ratification of the renewal of the Corporation’s rolling stock
option plan.
The approval of the issuance of an a ggregate of 10,366,080 Common Shares of
the Corporation to certain members of management in exchange for the
settlement of certain debts of the Corporation of the Corporation.
The Ishkoday Project
The Ishkoday Project is a mid-stage explorat ion project. The Corporation’s emphasis is
on the development of its gold-silver and go ld-rich polymetallic mineralization with a
significant upside potential. The Corporation’s main objective is to validate the
existence of a large near surface significant gold-polymetallic target over a 3 km 2 area.
The Corporation has designed a strategic th ree-phased exploration program over the
next thirty-six months, which aims at de fining a bulk precious and base metal
mineralization, concentrating on rapidly de fining and expanding near surface mineral
resources in gold, silver, zinc and copper. Th e Laurion Private Placement will permit the
execution of: (i) an initial validation exploration program consisting of airborne
geophysics covering the 47 km2 Ishkoday Project with an airborne geophysical survey to
better define the geological and structural elements of the entire project; (ii) compiling,
synthesizing and interpreting all of the project’s technical data, producing a 3-D view of
the geology and mineralization, and targeted upside potential; and (iii) followed by a
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continuous surface stripping, channel sampling and assaying of portions of the 3 km by
1 km main outcrop containing all of the known precious and metals mineralization
known to date.
Mineralization on the Ishkoday Project exhibits repetitive stacked gold and zinc-rich
sulphides in lenses and veins, visible in the mineralized outcrop exposure. The
mineralization appears open at depth beyond the current core drilling limit of -200 m
f r o m s u r f a c e , b a s e d o n t h e h i s t o r i c a l m i n i n g t o a - 6 8 5 m d e p t h , a s e v i d e n c e d i n t h e
Sturgeon River Mine.
To date, the Corporation has a property-wide database of 283 diamond drill holes
totaling 40,729 m, detailed sampling, mapping, assays and geochemical analysis, and
ground geophysics.
The Ishkoday Project hosts a series of multi-directional veins (and stockworks). The N-NE
vein sets are gold-silver-quartz bearing; whereas the NE-E sets are gold-silver-zinc-
copper bearing. The abundance and proximity of these vein sets within a 3 km by 1 km
outcrop segment of Ishkoday highlights the possibility for near surface bulk metal
potential, at the same time offering a volcanogenic massive sulphide metallogenic
environment, as well as individual higher gold grade veins that could be developed
separately.
Previous work since the 1980’s indicates th e presence of hundreds of shears, hence
hundreds of veins/horizons, suggesting the potential for material vein stockworks as can
be observed at other deposits in Archean Greenstone Belts, such as the Dome,
Canadian-Malartic, Detour and Sigma-Lamaque Gold Deposits of the Abitibi
Greenstone Belt. In the case of the Ishk oday Project, there appears to be two
mineralized systems, one gold-silver-rich and the other gold-silver-zinc-copper.
Mr. Jean Lafleur, P. Geo., Laurion’s Technica l Advisor to the Board of Directors, is a
Qualified Person as defined by National Instrument 43-101 guidelines, and has reviewed
and approved the content of this news release.
About Laurion
Laurion’s Ishkoday Project is a mid-stage exploration project. The Corporation is
primarily focused on the development of its gold-rich polymetallic resource on its
Ishkoday property.
The Corporation’s main project mandate is to complete the relevant economic studies,
initially working towards the processing the surface rock stockpile; and, to explore and
develop the large near surface polymetallic sulphide trends which extend over a 1 km x
3 km area (collective total strike length of 9,000 m), with the aim of demonstrating the
existence of a significant volcanic massive sulphide (VMS) deposit, developing tonnage
and demonstrating continuity through the exec ution of multiple phases of diamond drill
programs.
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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 details, anticipated timing and completion
of the transactions and other matters described in th is press release, including without limitation, the
creation of Newco, the Surface Stockpile Transfer, the processing of the Stockpiles and the Private
Placements, and the use of the net proceeds from th e Private Placements. 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 Laurion Common Shares, the failure of the relevant parties
to enter into definitive agreements in connection with the transactions and other matters contemplated by
the LOI, the TSX-V not providing its approvals for the Surface Stockpile Transfer or the Private Placements,
the interpretation and actual results of current expl oration 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 sh ould 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.