LAURION Intersects 2.55 Metres at 2.50 g/t Gold, 7.96 g/t Silver and 1.17 % Zinc; Including 0.55m at 8.91 g/t Au, Identifying New High- Grade Potential for Orogenic Type Mineralization Along the Niish Shear Zone

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LAURION Intersects 2.55 Metres at 2.50 g/t Gold, 7.96 g/t Silver and

1.17 % Zinc; Including 0.55m at 8.91 g/t Au, Identifying New High-

Grade Potential for Orogenic Type Mineralization Along the Niish

Shear Zone

TORONTO, ONTARIO (October 25, 2022) – LAURION Mineral Exploration Inc. (TSX.V: LME

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

the assay results for two (2) new diamond drill holes, totaling 600 m, which tested the

undrilled potential continuity of mineralization in the southwestern portion of the

McLeod Zone. The drill holes intersected orogenic style mineralization associated with

the Niish shear zone ( Figure 1), confirming the high-grade gold potential of this type

of mineralization at the Ishkoday Property. This newly identified high-grade structure is

open both on strike and at depth.

“The 2022 drill program continues to demonstrate the continuity of the current

mineralized zones but also identified new high-grade potential along the main shear

zone in undrilled areas ,” stated Cynthia Le Sueur -Aquin, President and CEO of

LAURION. “The drill results confirm the depth extension of the mineralization identified

on surface at the McLeod area. These results significantly increase the gold mineral

exploration potential of the Ishkoday Property.”

The McLeod Zone is located along the 6 km long Au -Zn-Cu-Ag mineralized trend at

the Ishkoday project, near Beardmore, Ontario.

Drilling Highlights:

The results for hole LBX22-088 to LBX22-089 include the following intersections:

Hole ID From

(m)

To

(m)

Core Length

(m)

True Width*

(m)

Au

(g/t)

Zn

(%)

Cu

(%)

Ag

(g/t)

LBX22-088 94.00 96.00 2.00 1.60 0.82 0.44 0.06 3.80

including 94.60 95.13 0.53 0.42 2.47 1.00 0.16 10.00

LBX22-088 128.50 130.50 2.00 1.60 2.46 0.64 0.25 17.10

including 129.50 130.50 1.00 0.80 4.59 0.98 0.47 27.50

LBX22-089 31.00 37.10 6.10 4.88 1.30 0.03 0.00 1.70

including 32.50 34.00 1.50 1.20 4.18 0.05 0.02 2.80

including 35.00 36.00 1.00 0.80 1.03 0.02 0.00 1.10

LBX22-089 70.50 73.05 2.55 2.04 2.50 1.17 0.02 7.96

including 72.50 73.05 0.55 0.44 8.91 4.67 0.04 21.80

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including 72.00 72.50 0.50 0.40 2.60 0.33 0.03 7.30

LBX22-089 83.00 86.00 3.00 2.40 0.93 1.13 0.02 6.57

including 83.00 84.00 1.00 0.80 2.56 3.23 0.05 16.30

LBX22-089 290.15 290.85 0.70 0.56 1.65 0.00 0.00 0.70

* True widths are calculated based on an average dip of 70° towards N330° for the mineralized

zones

Drill hole LBX22-088 is located 80 m southwest of drill hole LBX22 -084 and tested the

continuity of a strong I.P. chargeability high anomaly below the McLeod Zone and is

associated with the Niish shear zone.

Drill hole LBX22-089 is located 100 m NE of drill hole LBX2 2-088. This hole targeted the

southeastern continuity of high -grade sulphide zone in the McLeod Area, 400 m

southwest of the A-Zone. Past drilling in the area (LBX20-021) returned assay results of

5.95 g/t gold, 29.6 g/t silver over 0.49 m; 6.98 g/t gold, 15.2 g/t silver, 1.93 % zinc over

0.57 m; and 0.89 g/t gold, 4.0 g/t silver and 1.04 % zinc over 14.08 m.

LAURION is pleased with its key exploration milestones achieved in 2022, validating the

6 km x 2.5 km mineralized corridor and extending the A-Zone to the McLeod Zone by

400 m to 1.4 km, thereby significantly increasing the gold potential of the property by

identifying this new orogenic mineralization associated with the Niish Shear zone.

The Corporation is awaiting the remaining 5 drill hole assay results.

Figure 1: Surface interpretation of the Ishkoday (A-Zone to CRK corridor) mineralized zones and results for

hole LBX22-088 and LBX22-089

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Sampling Analysis and Laboratory

Samples from the 2022 drilling were cut and sent for analysis. Preparation and analysis

were completed at the Actlabs (ISO 9001:2015) laboratory in Thunder Bay. Actlabs is

an internationally recognized laboratory that provides geochemical sample

preparation, analytical procedures, and data management solutions. LAURION uses

a quality assurance/quality control (QA/QC) program that monitors the chain of

custody of samples and includes the insertion of blanks (5% of the announced results),

duplicates (1.3% of the announced results), and standard reference material ( 5% of

the announced results) in each batch of samples sent for analysis. Drill core is

photographed, logged, and cut in half with one half retained in a secured location

for verification purposes and one half shipped for analysis. The entire sample is crushed

to 80% passing 2 mm and a riffle split of 250 grams is taken and pulverized to 95%

passing 105 µm (RX1). Samples are analyzed by four-acid digestion/ICP-MS package

for 36 elements (1F2). Additionally, samples are analyzed for Au using a firing assay

from a 50-gram pulp (1A2B-50). Overlimit samples values for zinc (>1%) and Pb (>0.5%)

are re-assayed using a four-acid digestion overlimit method with ICP-AES 9 (8-4 Acid

over limit). No QA/QC issues were noted with the results reported herein.

Qualified Person

The technical contents of this release were reviewed and approved by Jean-Philippe

Paiement, 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 255,969,855 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 km 2 Ishkoday Project, and its gold -silver and gold -rich polymetallic

mineralization with a significant upside potential.

Since 2003, Laurion has: completed multiple exploration surveys on the property,

including prospecting, mapping, geochemical (grab, channel and soil sampling),

ground and airborne geophysical (Mag, IP, VLF -EM), 3D modelling, airborne (LiDAR)

and drilling surveys; invited experts in geophysics and in economic and structural

geology to visit and review the property; and undertaken a PhD thesis and research

led by Laurentian University and Metal Earth. To date, 419 drill holes for a total of 78,663

m have been drilled on the property, including 43,396 m completed by Laurion from

2010 to 2014 and from 2020 to 2022 and 35,267 m historic drill holes. Most of the drill

holes are closely spaced and concentrated within the A -Zone and McLeod zone,

except for some largely spaced drill holes located along the Ishkoday mineralized

trend.

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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 , and the

Corporation’s ability to advance the Ishkoday Project. 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 commo n 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 filings, as well as any

other additional documentation comprising the Corporation’s public disclosure record, f or

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.