LME.V · 2026-02-03 12:00:00

LAURION Reports Wide Mineralized Zones and High-Grade Polymetallic Intercepts from LBX25-097 and LBX25-100, Advancing Structural Continuity at Ishkōday Drill Hole LBX25-097 — Highlights

Drill Results

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LAURION Reports Wide Mineralized Zones and High-Grade

Polymetallic Intercepts from LBX25-097 and LBX25-100, Advancing

Structural Continuity at Ishkōday

Drill Hole LBX25-097 — Highlights

• 15.50 m @ 0.617 g/t Au, 2.87 g/t Ag, 0.48% Zn (135.50-151.00 m)

o Including 7.70 m @ 0.73 g/t Au, 4.76 g/t Ag, 0.78% Zn (135.50-143.20 m)

o Including 0.90 m @ 4.35 g/t Au, 21.20 g/t Ag, 0.11% Cu, 4.22% Zn (135.50-136.40

• This drill hole demonstrates a broad mineralized envelope hosting localized high -

grade gold and zinc values

Drill Hole LBX25-100 — Highlights

• 0.80 m @ 1.14 g/t Au, 2.50 g/t Ag, 0.03% Cu, 0.70% Zn (169.00-169.80 m)

• 0.60 m @ 0.93 g/t Au, 3.60 g/t Ag, 0.16% Cu, 0.64% Zn (284.40-285.0 m)

• 0.70 m @ 0.44 g/t Au, 7.00 g/t Ag, 0.15% Cu, 1.81% Zn (183.70-184.40 m)

Toronto, Ontario – February 3, 2026 – LAURION Mineral Exploration Inc. (TSX -V: LME |

OTCQB: LMEFF | FSE: 5YD) (“LAURION” or the “Company”) reports assay results from drill

holes LBX25-097 and LBX25-100 from the Company’s recent Fall diamond drilling program

totalling 1,821 metres completed in 8 drill holes at the A -Zone/McLeod/CRK Zone at the

Ishkōday Project, located in the Beardmore–Geraldton Greenstone Belt of north-western

Ontario, approximately 220 kilometres northeast of Thunder Bay.

Drill holes LBX25-097 and LBX25-100 were designed to support targeted infill drilling and

improve geological confidence within the northeastern A-Zone, confirming mineralized

horizons interpreted to run sub-parallel to the main trend. The drill program also followed-

up on historic al drilling and more recent LAURION drilling that intersected a broad

anomalous gold zone with localized higher -grade mineralization, helping to refine the

Company’s understanding of the system and guide more precise future targeting.

“The A-Zone remains one of our priorities as we focus on creating value through targeted,

technically driven drilling,” said Cynthia Le Sueur -Aquin, President and CEO of LAURION .

“Our objective is to systematically strengthen geological confidence, refine our

understanding of mineralization, and advance the technical foundation necessary to

support future resource definition. Every well-planned hole moves the project forward and

enhances our ability to unlock Ishkōday’s broader potential.”

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Geological Context and Proximal Drill Results

Historical and proximal drilling within the A -Zone demonstrated consistent gold-silver-zinc

mineralization across multiple drill holes, supporting geological continuity within this portion

of the system.

• LBX12-002 intersected 3.0 m grading 1.88 g/t Au and 4.5 m grading 1.02 g/t Au ,

including 4.5 m grading 1.02 g/t Au, 2.8 g/t Ag and 1.03% Zn (86.5–91.0 m).

• Historic drill hole 92-64 returned 4.30 m @ 4.89 g/t Au, 8.0 g/t Ag and 1.00% Zn (45.8–

49.3 m).

• Historic drill hole 92-65 intersected multiple mineralized intervals including 7.7 m @

1.46 g/t Au, 12.5 g/t Ag and 1.04% Zn , and 0.7 m @ 25.71 g/t Au and 1.21% Zn ,

confirming the presence of locally high-grade zones.

• LBX12-007 intersected a broad mineralized zone containing narrower higher-grade

intervals, including 1.0 m @ 7.38 g/t Au (103–104 m), within a silicified horizon below

the main mineralized zone.1

Collectively, these results reinforce the interpreted continuity of polymetallic mineralization

within the A -Zone and provide a strong geological framework for ongoing targeted

drilling.

Readers are cautioned that the proximity of drill holes does not imply continuity of

mineralization and that true widths in the cases of historic drilling are currently unknown.

Mineralization of the A-Zone

Mineralization at the A -Zone/McLeod and CRK Zone, is part of a large hydrothermal

system — essentially a network of mineral-rich fluids that moved through the rocks during

ancient volcanic activity. As these fluids cooled, they deposited gold, silver, zinc, copper

and other metals within the surrounding rock.

Importantly, the metals are not confined to a single narrow vein. Instead, they occur

across broader zones that include multiple veins, fine stringers of mineralization, and areas

where sulfide minerals are more concentrated. These zones are surrounded by large areas

of altered rock, a key geological indicator that mineralizing fluids were active across a

wide footprint. As drilling and geological modelling continue, LAURION is gaining a clearer

understanding of the size, shape, and direction of these mineralized zones — helping the

Company to continue to target future drilling more precisely and advance the Ishkōday

Project with growing confidence.

1 The information set forth above regarding historical drill holes 92-64 and 92-65 are referenced from the Report

on Drill Results Exploration Octopus – October 1992 prepared by Remy Verschelden and Daniel Chainey. The

information set forth above regarding drill holes LBX12-001, LBX12-002 and LBX12-007 are referenced from the

2012 Drilling Report prepared by Joseph Campbell, P.Geo.

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TABLE OF ASSAYS FOR DRILL HOLES LBX25-097 AND LBX25-100

NOTE: Intervals represent core length. The interval widths reported are down-hole widths. The true widths of the mineralized

zones are not known at this time as there is insufficient information to determine the orientation of the mineralization.

Hole ID From

(m)

Core Length

(m)

(g/t)

(%)

LBX25-097 34.50 41.00 6.50 0.025 1.45 0.01 0.26

including 34.50 35.50 1.00 0.037 3.30 0.02 0.76

LBX25-097 52.60 53.25 0.65 0.802 0.80 - 0.02

LBX25-097 55.00 55.5 0.50 0.127 2.80 0.04 0.97

LBX25-097 64.50 65.20 0.70 0.454 1.50 0.05 0.47

LBX25-097 66.80 67.40 0.60 0.437 42.10 - 0.04

LBX25-097 76.50 77.00 0.50 0.777 2.10 0.03 0.40

LBX25-097 135.50 151.00 15.50 0.617 2.87 0.03 0.48

including 135.50 143.20 7.70 0.732 4.76 0.04 0.78

including 135.50 136.40 0.90 4.350 21.20 0.11 4.22

including 148.90 149.90 1.00 1.445 0.60 - 0.03

LBX25-097 158.75 159.25 0.50 1.100 3.30 0.08 0.96

LBX25-097 170.90 171.40 0.50 0.278 2.20 0.05 0.64

LBX25-097 172.40 173.00 0.60 0.786 0.60 - 0.03

LBX25-100 22.80 23.30 0.50 0.407 0.50 - 0.02

LBX25-100 26.50 27.30 0.80 0.575 0.25 - 0.03

LBX25-100 39.00 48.80 9.80 0.109 0.85 0.02 0.19

including 48.30 48.80 0.50 0.825 4.50 0.09 0.78

LBX25-100 67.00 69.50 2.50 0.295 0.96 0.04 0.04

LBX25-100 87.50 92.50 5.00 0.090 1.17 0.01 0.20

including 87.50 88.50 1.00 0.282 2.45 0.03 0.73

including 88.00 88.50 0.50 0.270 3.70 0.04 1.32

LBX25-100 96.90 97.70 0.80 0.158 3.30 0.03 0.40

LBX25-100 106.50 107.30 0.80 0.254 7.10 0.05 0.75

LBX25-100 129.80 149.80 20.00 0.102 0.81 0.01 0.22

including 130.60 131.10 0.50 0.937 14.90 0.11 4.33

including 144.60 145.10 0.50 0.193 1.90 0.05 1.14

LBX25-100 169.00 169.80 0.80 1.135 2.50 0.03 0.70

LBX25-100 179.00 187.00 8.00 0.130 2.16 0.05 0.28

including 180.00 181.40 1.40 0.403 5.15 0.11 0.36

including 183.70 184.40 0.70 0.443 7.00 0.15 1.81

LBX25-100 284.40 285.00 0.60 0.929 3.60 0.16 0.64

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Name Elevation

(m)

Azimuth Dip Easting Northing Depth

(m)

LBX25-097 323.0 128 -46 446537 5513245 237

LBX25-100 322.4 130 -50 446494 5513229 300

Total 537

Sampling and QA/QC Protocols

A l l d r i l l c o r e i s t r a n s p o r t e d a n d s t o r e d i n s i d e t h e c o r e f a c i l i t y l o c a t e d a t t h e I s h k ō d a y

Project in Greenstone, Ontario. LAURION employs an industry standard system of external

standards, blanks and duplicates for all of its sampling, in addition to the QA/QC protocol

employed by the laboratory. After logging, core samples were identified and then cut in

half along core axis in the same building and then zip tied individually in plastic sample

bags with a bar code. Approximately five or six of these individual bags were then stacked

into a “rice” white material bag and stored on a skid for final shipment to the laboratory.

All core samples were shipped to the ALS facility in Thunder Bay, Ontario, which were then

prepared by ALS Global Geochemistry in Thunde r Bay and analyzed by ALS Global

Analytical Lab in North Vancouver, British Columbia. Samples are processed by 4 -acid

digestion and analyzed by fire assay on 50 g pulps and ICP -AES (Inductively Coupled

Plasma – Atomic Emission Spectroscopy). Over limit ana lyses are reprocessed with

gravimetric finish. A total of 5% blanks and 5% standard are inserted randomly within all

samples. 5% of the best assay result pulps were sent for re-assays. All QA/QC were verified,

and no contamination or bias have been observed. The remaining half of the core, as well

as the unsampled core, is stored in temporary core racks at the core logging facility in

Beardmore and moved to the core storage facility at the Ishkōday Project. Note: QA/QC

review of standards and duplicates ind icates analytical results are reliable. One zinc

standard adjacent to a high-grade zinc interval returned elevated values consistent with

expected analytical behaviour following high-grade samples.

Qualified Person

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

P. Eng, 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.

LAURION Mineral Exploration Inc. is a mid-stage junior mineral exploration company listed

on the TSX Venture Exchange under the symbol LME and on the OTC Pink market under

the symbol LMEFF. The Company currently has 278,716,413 common shares outstanding,

with approximately 73.6% held by insiders and long -term “Friends and Family” investors,

reflecting strong alignment between management, the Board, and shareholders.

LAURION’s primary focus is the 100%-owned, district-scale Ishkōday Project, a 57 km² land

package hosting gold -rich polymetallic mineralization. The Company is advancing

Ishkōday through a disciplined, milestone -driven exploration strategy focused on

strengthening geological confidence, defining structural continuity.

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LAURION’s strategy is centered on deliberate value creation. The Company is prioritizing

systematic technical advancement, integrated geological and structural modeling, and

the evaluation of optional, non -dilutive pathways, including historical surface st ockpile

processing, that may support flexibility in LAURION’s exploration plans without diverting the

Company’s focus from its core exploration objectives.

The Company’s overarching objective is to build project value before monetization,

ensuring that any future strategic outcomes are supported by technical clarity, reduced

execution risk, and demonstrated scale. While the Board remains attentive to strategi c

interest that may arise, LAURION is not driven by transaction timing. Instead, the Company

is focused on advancing the Ishkōday Project in a manner that strengthens long -term

shareholder value.

LAURION will continue to communicate updates through timely disclosure and will issue

press releases in accordance with applicable securities laws should any material

information arise.

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

(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 Company ’s current expectations

regarding future events including with respect to LAURION's business, operations and condition,

management's objectives, strategies, beliefs and intentions, the Company’s ability to advance the Ishk ōday

Project, the nature, focus, timing and potential results of the Company’s exploration, drilling and prospecting

activities, including the Company’s diamond drill program referenced in this press release and the Company’s

other planned activities for the Ishkōday Project for the remainder of 2026, and the statements regarding the

Company’s exploration or consideration of any possible strategic alternatives and 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 potential acquisitions, me rgers, 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 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 variation s 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

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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. Subject

to applicable law, the Company disclaims any obligation to update these forward -looking statements. All

sample values are from grab samples 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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