Laurion Files NI 43-101 Technical Report for Bell Mountain Gold Project, Nevada

For Immediate Release

Laurion Files NI 43-101 Technical Report for Bell Mountain Gold Project, Nevada

TORONTO – 11 August, 2010 – Laurion Mineral Exploration Inc. (TSXV: LME) (“Laurion”) announced today that, further to its news release of June 29, 2010, it has filed with SEDAR a NI 43-101 technical report on the Bell Mountain Project located in Churchill County, Nevada.

• Significant historical gold and silver resource identified.
• An RC drill program of 13,200 ft (2,043m) will commence early September with the focus

on the zones which have the best potential to increase gold-silver resources in order to generate a NI 43-101 compliant resource estimate prior to year end.

A comprehensive resource calculation (non NI 43-101 compliant) of 2.1 Mt @ 1.3 g/t gold and 37.6 g/t silver on the Varga, Spurr, and Sphinx zones by N.A. Degerstrom (“Degerstrom“) was calculated in 1992 based on 155 drill holes. Degerstrom completed a detailed feasibility study on the Bell Mountain project and permits for development were granted for the design and construction of three open pits and heap leaching and processing facilities which were supported by extensive metallurgical testing. Falling metals prices caused Degerstrom to shelve the project. The historical estimate above should not be relied upon. A qualified person has not done sufficient work to classify the historical estimates as current mineral resources or reserves and the Company is not treating the historical estimates as current mineral resources or reserves.

Cynthia Le Sueur-Aquin, Laurion’s President and CEO stated that, “We believe the potential to expand the historic gold-silver resource in the three deposits is excellent. Our goal is to define the limits of gold- silver mineralization both along strike and at depth with a program of infill and close step-out drilling. Laurion is well-funded to complete the next phases of drilling and exploration work on the Bell Mountain and Sturgeon River Project (Beardmore) to successfully advance these projects to move the Corporation closer to being a near-term producer”.

Dana Durgin (MSc, P.Geo), Laurion’s Exploration Manager, is the Qualified Person responsible for the scientific and technical work (as defined under National Instrument 43-101) discussed in this press release, and has reviewed this press release.

About Laurion Mineral Exploration Inc.

Laurion’s focus is to make the transition from explorer to near-term producer. Laurion’s exploration horizons are focused primarily on gold with a secondary interest in base metals and PGEs with key interests in prospective mining properties located in Ontario and Nevada USA.

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Laurion envisages the realization of shareholder value and wealth through monetization of its discoveries and assets.

FOR FURTHER INFORMATION, CONTACT:

Laurion Mineral Exploration Inc.

Cynthia Le Sueur-Aquin - President Tel: 1-705-788-9186 Fax: 1-705-788-9187 Website: www.laurion.ca

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

This news release includes certain forward-looking statements concerning the future performance of Laurion's business, operations and financial performance and condition, as well as management's objectives, strategies, beliefs and intentions. Forward-looking statements are frequently identified by such words as "may", "will", "plan", "expect", "anticipate", "estimate", "intend" and similar words referring to future events and results. Forward-looking statements are based on the current opinions and expectations of management. All forward-looking information is inherently uncertain and subject to a variety of assumptions, risks and uncertainties, including the speculative nature of mineral exploration and development, fluctuating commodity prices, competitive risks and the availability of financing, as described in more detail in our recent securities filings available at www.sedar.com. Actual events or results may differ materially from those projected in the forward-looking statements and Laurion cautions against placing undue reliance thereon. Laurion and its management assume no obligation to revise or update these forward-looking statements.

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