LAURION Enters into Agreement with ONYEN Corporation to Support its Growth and ESG Reporting

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LAURION Enters into Agreement with ONYEN Corporation to Support its

Growth and ESG Reporting

TORONTO, ONTARIO (March 31, 2023) – LAURION Mineral Exploration Inc. (TSX.V: LME and

OTCPINK: LMEFF) (“LAURION” or the “Corporation”) is very pleased to announce that it has

entered into an agreement with ONYEN Corporation (“ONYEN”) for it to provide its unique

technology software for the Corporation’s 2023 and future environmental, social and

governance (“ESG”) reporting on LAURION’s 100% wholly-owned 47km2 Ishkoday property.

The Ishkoday project is located in northwestern Ontario, 56 kilometres west of Geraldton,

and just 10 kilometres north of the Trans -Canada highway No. 11 along Provincial Road

801.

LAURION is well funded, with an experienced and devoted technical team. Significant

advances in understanding the nature and distribution of earlier polymetallic (epithermal)

and later gold (orogenic) mineralization was achieved during 2022 . This is expected to

enable better exploration focus within the roughly 6 km-long corridor where most known

mineralization has been documented, to date, along with better targeting of additional

zones where potential is suspected.

Cynthia Le Sueur-Aquin, President and CEO of LAURION, commented: “Retaining ONYEN

to complete our ESG reporting reflects LAURION’s commitment to our communities, the

principles embodied by ESG, and the standards by which we hold ourselves

accountable.” She further explained: “The ONYEN system is a powerful platform that helps

companies better capture, monitor, benchmark, manage and report their ESG risks and

opportunities with real -time reporting displayed on the Executive Dashboard and ESG

Scorecards. It also includes an AI driven predictive scoring model, in real time, to assist the

Corporation in understanding how the resulting metrics are viewed by the investing

community, thereby supporting our efforts to meet our obligations to stakeholders. With all

relevant standards and frameworks built in, this solution generates auditable ESG reports

for directors, CEOs, sustainability professionals, capital providers, rating agencies and

regulators. ESG and the concepts contained within are embedded in our corporate

values. These concepts, along with our values, will help us deliver on our commitments ,

and confirm the way we operate at LAURION”.

LAURION is proud to have worked with three local First Nation communities over the past

six years, engaging in open dialogue based on transparency, trust and mutual respect.

LAURION is committed to being a good neighbour through enhanced community

engagement and looks forward to maintaining and further developing its First Nation

relationships.

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Qualified Person

The technical contents of this release were rev iewed and approved by Avrom E. Howard , PGeo,

MSc, a consultant to LAURION, and a qualified person as defined by National Instrument 43 -101 –

Standards of Disclosure for Mineral Projects.

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 256,909,855

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 flagship project, the 100% owned mid -stage 47

km2 Ishkoday project, and its gold-silver and gold-rich polymetallic mineralization.

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

About ONYEN:

Onyen Corporation is a global technology company providing the premiere software solution for

the simplification and automation of sustainability reporting for improved access to capital.

Onyen helps companies better capture, monitor, benchmark, manage a nd report their

environmental, social and governance (ESG) risks and opportunities with real -time reporting

displayed on the Executive Dashboard and ESG Scorecards. With all relevant standards and

frameworks built in, this solution generates auditable ESG reports for directors, CEOs, sustainability

professionals, capital providers, rating agencies and regulators.

For media and other enquiries contact:

Laurie Clark, CEO

First Canadian Place, Suite 5700, 100 King Street West, Toronto, Ontario, M5X 1A9, Canada

Telephone: +1 647-503-3433

Web: onyen.com

Email: [email protected]

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 i ntentions, the anticipated outcomes and results from the

Corporation’s arrangement with ONYEN, the Corporation’s First Nation relationships, the Corporation’s ability

to advance the Ishkoday p roject, and the nature, focus and potential results of the Corporation’s future

exploration efforts, including its planned exploration activities for the Ishkoday project in 2023. The forward -

looking statements involve risks and uncertainties. Actual events and f uture 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 and future 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,

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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 i n the Corporation’s publicly filed

documents. Investors should 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.