LAURION Remobilizes Field Team and Resumes Phase 1 Drilling at Ishkōday Following Improved Wildfire and Air Quality Conditions Drill crews and geological team back on site as the Company advances toward its next phase of
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LAURION Remobilizes Field Team and Resumes Phase 1 Drilling at Ishkōday
Following Improved Wildfire and Air Quality Conditions
Drill crews and geological team back on site as the Company advances toward its next phase of
exploration
TORONTO, ONTARIO – July 22, 2026 – LAURION Mineral Exploration Inc. (TSX-V: LME | OTCQB: LMEFF
| FSE: 5YD) ("LAURION" or the "Company") is pleased to announce that it has remobilized its full
field team and resumed the Phase 1 diamond drilling program at its 100% -owned Ishkōday Gold
and Polymetallic Project (the " Project") in the Beardmore -Geraldton Greenstone Belt of
Northwestern Ontario, following significant rainfall and improved air quality conditions across the
region.
As previously announced on July 15, 2026, the Company voluntarily – and temporarily – suspended
field operations and evacuated all personnel from site at the Project in response to active wildfires
and hazardous smoke conditions affecting the Beardmore area. With recent rainfall easing fire
activity across Northwestern Ontario, no evacuation order or alert currently in effect for the
Municipality of Greenstone, and air quality at site returning to safe levels, the Company's drilling
contractor, Forage GeoNord, and full geological team have returned to the Project and drilling
has resumed.
"Our team is back on the ground at Ishkōday, and we couldn’t be more energized to get back to
work," said Cynthia Le Sueur-Aquin, President and CEO of LAURION. "This has been a challenging
week, and I want to thank our geological team, our drilling contractors, and the communities of
Northwestern Ontario for their resilience during this period. Safety came first throughout, and now
that conditions allow it, we’re excited to get our drills turning again and keep building toward our
next set of results at the A-Zone."
With the program back underway, LAURION remains focused on advancing its Phase 1 drilling at
the A -Zone, targeting continued definition of gold and polymetallic mineralisation within the
Project. The Company looks forward to providing updates on drilling progress and results as they
become available.
Qualified Person
The technical contents of this press release have been reviewed and approved by Dr. Trevor Boyd,
Ph.D., P.Geo., a consultant to LAURION and a Qualified Person as defined by National Instrument
43-101 – Standards of Disclosure for Mineral Projects (“NI 43-101”). Dr. Boyd is independent of the
Company within the meaning of NI 43-101.
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About LAURION
LAURION Mineral Exploration Inc. is listed on the TSX Venture Exchange (LME), OTCQB (LMEFF), and
Frankfurt Stock Exchange (5YD), and is a mid -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 single 6.0 km by 2.5 km mineralised corridor.
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 Company's objective is to build technical c larity, 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: http://www.LAURION.ca
Follow us on: X (@LAURION_LME), Instagram (laurionmineral) and LinkedIn
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 intent ions, the impact of current or
future wildfire conditions, smoke events, evacuation orders, access restrictions, or other natural
hazards on the Project , including the drilling program and field operations at the Project, the
Company's ability to advance the Project and achieve the Company's strategic and technical
objectives (within the above-stated timeframes, if at all), including with respect to the Company's
expectations regarding the MRE, the nature, focus, timing and potential results of the Company's
exploration, drilling and prospecting activities, including the Company's exploration program and
planned exploration and drilling activities referenced in this press release, and the statements
regarding the Company's e xploration or consideration of any possible strategic alternatives and
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transactional opportunities, as well as the potential outcome(s) of this process, the possible impact
of any potential transactions referenced herein on the Company or any of its stakeholders, and
the ability of the Company to identify and complete any pot ential acquisitions, mergers,
financings or other transactions referenced herein, and the timing of any such transactions.
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 occurrence and impact of any future wildfire
developments or other natural hazards impacting the Project and nearby areas, weather
conditions, access to the Project area, 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 TSX Venture Exchange or
any other applicable regulator not providing its approval for any strategic alternatives or
transactional opportunities, 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 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. The reader is cautioned not
to rely on these forward -looking statements. Subjec t 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.