LAURION COMMENCES PHASE 1 DRILLING AT THE ISHKŌDAY GOLD PROJECT AND APPOINTS DR. TREVOR BOYD, PH.D., P.GEO. AS QUALIFIED PERSON Phase 1 Drilling Underway at A-Zone; New Target Drilling Commenced
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LAURION COMMENCES PHASE 1 DRILLING AT THE ISHKŌDAY GOLD PROJECT AND
APPOINTS DR. TREVOR BOYD, PH.D., P.GEO. AS QUALIFIED PERSON
Phase 1 Drilling Underway at A-Zone; New Target Drilling Commenced
Toronto, Ontario — May 27, 2026 — LAURION Mineral Exploration Inc. (TSX-V: LME | OTC:
LMEFF | FSE : 5YD) (“LAURION” or the “Company”) is pleased to announce the
commencement of the Initial phase - Phase 1 diamond drilling program at its wholly
owned Ishkōday Gold and Polymetallic Project (“Ishkōday” or the “Property”), located
220 kilometres northeast of Thu nder Bay, Ontario, within the Beardmore -Geraldton
Greenstone Belt. The Company also announces the appointment of Dr. Trevor Boyd,
Ph.D., P.Geo., as Qualified Person responsible for LAURION’s ongoing technical program.
PROGRAM HIGHLIGHTS
• PHASE 1 DRILLING COMMENCED: LAURION has mobilized a diamond drill rig at the
A-Zone and has initiated Phase 1 of its planned 2026 dual-drill program, comprising
approximately 10 drill holes totalling 3,175 metres, targeting infill drilling within the
known A-Zone footprint and new hi gh-priority targets within the northeastern A -
Zone area.
• NEW TARGETS AND INFILL DRILLING: Phase 1 will include drilling within the known A-
Zone and McLeod Zone mineralized footprint and holes designed to test new high-
priority targets in the A -Zone corridor that have not been adequately tested in
previous programs.
• D R . T R E V O R B O Y D A P P O I N T E D A S Q P : Dr. Trevor Boyd, Ph.D., P.Geo., has been
retained as LAURION’s Qualified Person. Dr. Boyd brings over 35 years of mineral
exploration experience across multiple deposit types and commodities in Canada
and internationally.
“We are drilling. This is the moment LAURION has been building toward, and it is
enormously satisfying to see a rig on the ground at Ishkōday,” said Cynthia Le Sueur -
Aquin, President and CEO of LAURION. “Our Phase 1 program is disciplined and targeted:
drilling within the A -Zone and McLeod Zone footprint, and holes designed to test new
high-priority targets within the northeastern A-Zone corridor that, in our view, have never
been adequately tested. We are focused on building the geological confidence this
system deserves. We are also very pleased to welcome Dr. Trevor Boyd as our Qualified
Person. Trevor’s depth of experience in orogenic gold and polymetallic systems, and his
specific expertise in geochemistry and data integration, make s him ideally suited to
guide LAURION’s technical program at this important stage.”
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PHASE 1 DRILL PROGRAM — OVERVIEW
Phase 1 of LAURION’s 2026 drill program is now underway at the Ishkōday Project. A single
diamond drill rig has been mobilized to the Property and drilling will focus within the A-
Zone, LAURION’s primary mineralized discovery within the 6.0 × 2.5 -kilometre Ishkōday
corridor.
Consistent with the strategic framework outlined in LAURION’s press release dated March
24, 2026, Phase 1 has two primary technical objectives:
• A-Zone Infill Drilling: Drill holes within the known A -Zone and McLeod Zone
mineralized footprint, systematically expanding the geological dataset and
strengthening confidence in the known mineralized system.
• New A-Zone Corridor Targets: Holes designed to test new high-priority geophysical
and geological targets within the northeastern A -Zone area that have not been
adequately tested in previous exploration programs, supported by re -
interpretation of historical structural assessment data.
This initial Phase 1 drill program comprises approximately 10 drill holes totalling
approximately 3,175 metres. LAURION’s goal is to advance to a full dual-drill program as
the 2026 program progresses.
APPOINTMENT OF DR. TREVOR BOYD, PH.D., P.GEO. — QUALIFIED PERSON
LAURION is pleased to announce the appointment of Dr. Trevor Boyd, Ph.D., P.Geo., as
the Company’s Qualified Person for the ongoing Ishkōday exploration program.
Dr. Boyd is a professional geologist with over 35 years of experience in the mining industry,
having worked worldwide as a consultant, qualified person, officer, and director with
both private and public companies. Since 1987, he has worked with numerous m ining
companies across a wide range of commodities and deposit types on projects in North
America, Asia, and Europe, including base and precious metals, uranium, nickel-copper-
PGM, and specialty metals.
Dr. Boyd holds a Ph.D. in Geology from the University of Toronto (1996) and an M.Sc.
(Applied) MINEX degree from McGill University (1988). He is a member of the Association
of Professional Geologists of Ontario and a “Qualified Person” as defined by National
Instrument 43-101 — Standards of Disclosure for Mineral Projects (“NI 43-101”).
The combination of Dr. Boyd’s deep deposit -type expertise with the integrated
geological, geochemical and geophysical capabilities he brings is well-aligned with the
technical requirements of the Ishkōday program, which encompasses a dual -system
corridor hosting both orogenic gold -silver and VMS -style polymetallic mineralisation
across a 6.0 × 2.5-kilometre trend.
LAURION thanks Pierre-Jean Lafleur, P.Eng. of PJLGCI for his interim service as Qualified
Person and his contributions to the technical evaluation of the A-Zone structural geology
and historical drilling during his tenure with the Company.
QUALIFIED PERSON
The technical contents of this press release have been reviewed and approved by Dr.
Trevor Boyd, Ph.D., P.Geo., a Qualified Person as defined by NI 43-101.
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ABOUT LAURION MINERAL EXPLORATION INC.
LAURION Mineral Exploration Inc. is listed on the TSX Venture Exchange (LME), OTC
( L M E F F ) , a n d F r a n k f u r t S t o c k E x c h a n g e ( 5 Y D ) , a n d i s a m i d-stage Canadian mineral
exploration company, focused on advancing the 100% -owned Ishkōday Gold &
Polymetallic Project in Northern Ontario.
The Ishkōday 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 geological modelling, and responsible capital
allocation. The Company 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, including potential non -dilutive initiatives such
as the evaluation of historical surface stockpile processing. The Co mpany’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 Company’s largest
shareholder, holding 17,221,306 common shares, 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: 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 forward -looking statements, which reflect the Company’s
current expectations regarding future events including with respect to LAURION’s
business, operations and condition, management’s objectives, strategies, beliefs and
intentions, the Company’s ability to advance the Ishkōday Project and achieve the
Company’s strategic and technical objectives (including with respect to the timing of,
and the Company’s ability to complete, any technical reports or milestones regarding
the Ishkōday Project, such as the MRE), the nature, focus, timing and potential results of
the Company’s exploration, drilling, and prospecting activities in 2026 and beyond ,
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including the Company’s drill program and planned exploration activities referenced in
this press release, the Company’s ability to secure sufficient financing to execute its
strategic and technical objectives on acceptable terms or at all , and any possible
strategic alternatives and transactional opportunities that may arise and/or could be
procured in the future with respect to the Company. 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 the failure to obtain the
consents, permits and/or approvals from applicable governmental bodies, regulators
and First Nations communities, required in connection with the Company’s strategic and
technical objectives, the interpretation and actual results of current exploration activities,
future prices of gold and/or other metals, and those factors disclosed in the Company’s
publicly filed documents. Investors should consult the Company’s ongoing quarterly and
annual filings, as well as any other additional documentation comprising the Company’s
public disclosure record, for additional information on risks and uncertainties relating to
these forward-looking statements. All proposed drill programs and targets are subject to
a number of factors, including the ability to secure sufficient financing on acceptable
terms, ground conditions, assay turnaround, regulatory req uirements and technical
results. T here is no assurance that any program will proceed as described or at all.
Geophysical anomalies are not equivalent to mineralization; drilling results may not
confirm geophysical interpretations. The reader is cautioned not to rely on these forward-
looking statements. Subject to applicable law, the Company 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.