Laurion Appoints New Director

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LAURION APPOINTS NEW DIRECTOR

TORONTO, ONTARIO (February 14, 2020) - LAURION Mineral Exploration Inc. (TSX.V: LME)

and (OTCPINK: LMEFF) (“LAURION” or the “Corporation”) is pleased to announce the

appointment of Nick Ierfino as a new director of the Corporation. Mr. Ierfino is a

chartered accountant and the founding partner of I&A Professional Corp., with over 37

years of experience in public accounting. Mr. Ierfino specializes in business advisory and

restructuring, and has previously held positions at Arthur Andersen LLP and Olivetti

Canada.

Mr. Ierfino is also involved in several not-for-profit organizations. He is the Director for the

Federation of Calabrese of Ontario, a member of the board for Pier 21 and is actively

involved in the community of Carassauga. In addition, Mr. Ierfino serves as a director of

The Vitanova Foundation, and is involved with the Italian Chamber of Commerce,

UBPA, the Federation of Portuguese Canadian Business and Professionals, and the

Toronto Board of Trade.

“We are very pleased to welcome Nick to LAURION’s Board of Directors,” stated

Cynthia Le Sueur–Aquin, President and Chief Executive Officer of LAURION. “His

attention to detail and strong work ethic, combined with his pronounced

understanding of the accounting profession, are expected to be key drivers of our

success. We draw on the expertise of our directors to evolve LAURION’s strategic

direction and vision, in order to enhance our operations and advance the flagship

Ishkoday Project. I am confident that Nick’s experience and expertise will be incredible

assets to the company.”

In connection with Mr. Ierfino’s appointm ent, the Corporation has accepted the

resignation of David Burkes as a director of the Corporation. Cynthia Le Sueur–Aquin

stated: “I want to thank David for his dedication and significant contributions during his

15 y e a r s w i t h L A U R I O N . O n b e h a l f o f t h e B o a r d , w e w i s h h i m t h e b e s t i n a l l f u t u r e

endeavours.”

The Corporation also announces that pursuant to its stock option plan, subject to TSX

Venture Exchange (“TSX-V”) approval, LAURION will grant incentive stock options to Mr.

Ierfino to acquire a total of 250,000 common shares of the Corporation, exercisable for

a period of five years at an exercise price of $0.17, subject to vesting requirements.

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Option Agreement to Acquire the Brenbar Project

On December 30, 2019, the Corporation announced that it had entered into an option

agreement (the "Agreement") with Jubilee Gold Exploration Ltd. (" Jubilee"), pursuant to

which the Corporation received an option (the " Option") to acquire up to a 100%

undivided working interest in certain mining leases located in the Irwin Township of

Thunder Bay, Ontario (the “Brenbar Project”).

The Corporation wishes to clarify that pursuant to the Agreement (in addition to making

cash payments and incurring exploration expenditures, as more particularly described

in the Corporation’s initial announcement) , LAURION may issue up to an aggregate of

1,060,000 common shares to Jubilee in consideration for, among other things, the

acquisition and exercise of the Option.

About Laurion Mineral Exploration Inc.

The Corporation is a junior mineral exploration and development company listed on the

TSX-V under the symbol LME and on the OTCPINK under the symbol LMEFF. LAURION

now has 178,728,395 outstanding shares of which approximately 58% 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

midstage 44 km 2 Ishkoday Project, and its gold-silver and gold-rich polymetallic

mineralization with a significant upside potential. The Ishkoday Project has a project-

wide database (2008 to 2018) that includes 283 diamond drill holes totaling 40,729 m,

geological mapping, ground geophysics, an d 14,992 individual samples with assays

and geochemical analysis. The mineralization on the Ishkoday Project 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, as evidenced in the past producing Sturgeon River Mine.

Mr. Jean Lafleur, P. Geo. (APGO, OGQ), LAURION ’s Technical 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.

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

Follow us on Twitter: @LAURION_LME

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Caution Regarding Forward-Looking Information

This press release contains forward-looking stat ements, 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 this press

release, including without limitation, the issuance of stock options to Mr. Ierfino, LAURION's

potential acquisition of the Brenbar Project from Jubilee and the future results of the

Corporation’s exploration program at Ishkoday. 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 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 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 fi lings, as well as any other additional

documentation comprising the Corporation’s public disclosure record, for additional information

on risks and uncertainties relating to these fo rward-looking statements. The appointment of Mr.

Ierfino as a director of the Corporation and the Agreement are each subject to the approval of

the TSX-V. 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 REGU LATION SERVICE PROVIDER (AS THAT TERM IS

DEFINED IN THE POLICIES OF THE TSX VENTUR E EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE

ADEQUACY OR ACCURACY OF THE CONTENT OF THIS NEWS RELEASE.