LME.V · 2024-09-30 12:00:00

LAURION Launches Fall 2024 Drilling Program at Ishkõday Project to Expand on High-Grade Grab and Channel Sample Discoveries

Drill Results Exploration Programs

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LAURION Launches Fall 2024 Drilling Program at Ishkõday Project to

Expand on High-Grade Grab and Channel Sample Discoveries

TORONTO, ONTARIO – September 30, 2024 – LAURION Mineral Exploration Inc. (TSX.V: LME

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

2024 drilling program at the Ishkõday Project, located 220 km northeast of Thunder Bay,

Ontario.

This phase of exploration, led by Forage GeoNord of Dolbeau -Mistassini, Quebec, is

expected to commence in mid-October and will focus on expanding known high-grade

gold zones and delineating additional resources within the historic Sturgeon Mine area.

Stated Cynthia Le Sueur -Aquin, President and CEO of LAURION : “We look forward to

building on the success of prior exploration programs. The campaign will target key

structures within the historic Sturgeon River Mine corridor, including the Sturgeon River

Mine West (SRMW) and the 85M, M21, M24, M25, M6, and M50 quartz vein systems. These

areas, positioned northwest of the Sturgeon River Mine shaft, are known for their high -

grade gold-bearing veins.”

The corridor hosting the Sturgeon River Mine encompasses at least 12 identified distinct

gold-bearing veins. This vein system has a current known length of 900 metres and a width

of 5 80 met res. The Sturgeon River Mine Area continues to show strong exploration

potential, characterized by its dominant 010° trending veins and secondary

anastomosing quartz structures. The Corporation’s Fall 2024 drill program will focus on

testing extensions of these veins, which remain open at depth and along strike, providing

significant upside for resource expansion.

Highlights from 2024 Exploration Results:

• West SRM Grab Samples:

o 73.20 g/t Au

o 61.50 g/t Au

o 53.90 g/t Au

• 85A Channel Samples:

o 24.9 g/t Au over 0.65 m (Line 15)

o 21.0 g/t Au over 0.75 m (Line 20)

o 9.36 g/t Au over 0.35 m (Line 25)

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• 85M Channel Samples:

o 7.48 g/t Au over 0.43 m (Line 28)

o 4.69 g/t Au and 13.1 g/t Ag over 0.30 m (Line 18)

o 2.83 g/t Au over 0.95 m (Line 16)

Additionally, previous exploration of the M24 Quartz Vein (as reported on August 1, 2019)

yielded high-grade surface channel sample assays, including:

• 16.35 g/t Au over 0.55 m

• 9.81 g/t Au over 1.26 m

• Composite intervals up to 6.20 g/t Au over 1.35 m

Sampling of the M24 and M25 quartz veins also returned notable assays of up to 8.84 g/t

Au over 0.46 m. These veins, part of the M -series vein system, cover an 1,800-metre-long

corridor and have seen limited drilling, offering further potential for resource expansion.

LAURION’s continued efforts at Ishkõday aim to unlock the full potential of this prolific

system, with the upcoming drill program focused on identifying new zones of

mineralization and enhancing the overall resource estimate. LAURION is confident that

the Fall 2024 program will further demonstrate the high -grade nature of the Ishkõday

Project, contributing to the advancement of the project towards future development.

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

TSX Venture Exchange under the symbol LME and on the OTCPINK under the symbol

LMEFF. LAURION now has 267,821,735 outstanding shares of which approximately 72% are

owned and controlled by insiders who are eligible inve stors under the “Friends and

Family” categories. LAURION's emphasis is on the exploration and development of its

flagship project, the 100% owned mid -stage 57 km2 Ishkõday Project, and its 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

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Douglas Vass - Investor Relations Consultant

Email: [email protected]

Website: http://www.LAURION .ca

(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 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 Corporation’s ability to advance the

Ishkõday Project, the nature, focus, timing and potential results of the Corporation’s exploration, drilling and

prospecting activities in 2024 and beyond, including its Fall 2024 drilling program and the Corporation’s other

planned activities for the Ishkõday Project for the remainder of 2024. 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 ot her 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 3 | Page 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 i s cautioned not to rely on these forward -looking

statements. Subject to applicable law, the Corporation disclaims any obligation to update these forward-

looking statements.

All sample values are from grab sample and channel samples , which by their nature , are not necessarily

representative of overall grades of mineralized areas. Readers are cautioned to not place undue reliance

on the assay values reported in this press release.

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.

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