LME.V · 2020-03-27 12:00:00

Laurion Strengthens Technical Management Team with Appointment of New Exploration Manager

Management Changes

1 | Page

LAURION STRENGTHENS TECHNICAL MANAGEMENT TEAM WITH

APPOINTMENT OF NEW EXPLORATION MANAGER

THIS NEWS RELEASE IS INTENDED FOR DISTRIBUTION IN CANADA ONLY AND IS NOT

INTENDED FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR DISSEMINATION IN

THE UNITED STATES.

TORONTO, ONTARIO (March 27, 2020) – LAURION Mineral Exploration Inc. (TSX.V: LME and

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

appointment of Mr. David Lewis, P. Geo., as Exploration Manager for the Corporation’s

flagship property, the Ishkoday Project, located 220 km northeast of Thunder Bay,

Ontario.

Mr. Lewis is a structural and exploration geologist with seventeen years’ experience

conducted on a variety of mineral deposit ty pes, including both lode gold and vein-

hosted deposits. He holds a B.Sc. in Geological Sciences from the University of

Saskatchewan (Saskatoon, Saskatchewan), an M.Sc. in Geology from Laurentian

University (Sudbury, Ontario) and is a registered practicing member with Professional

Geoscientists Ontario. Mr. Lewis specializes in refining the structural and lithological

controls on mineralization, having worked both at a regional and deposit scale with

experience in Canada, the Un ited States, Greenland and Mali. He has expertise in 2D

and 3D modelling and his experience ranges from grassroots to brownfields exploration.

Mr. Lewis will design, coordinate and oversee all exploration activities in the key next step

of advancement of the Ishkoday Project. A gr ound geophysical (IP) survey is currently

underway, and the first stage of drilling is scheduled to commence mid-May with a

3,600m to 5,000m campaign. One of Mr. Lewis’s early priorities will be to focus on the

drilling at the A-Zone of the Loki trend, which extends over a 3,000m by 800m corridor.

Here, historic (1980s and 1990s vintage) an d more recent LAURION (2012 to 2014) drill

holes have intersected significant widths and grades of gold mineralization. Some

highlights include the following historical a ssay results, which span a 1+km mineralized

trend (refer to Table 1 below).

Mr. David Lewis, Exploration Manager, stated: “ I am very pleased to join LAURION and I

look forward to the challenges ahead. I inte nd to evaluate the mineral potential of the

Ishkoday Project by examining the structural setting of the gold-bearing veins, refining

2 | Page

the structural controls on vein emplacement and testing high-potential bulk mineralized

areas. I plan to use value-added approaches, such as oriented core, to extract as much

information as possible, and I want to ensure consistency between surface and

subsurface work. That way, our geological and economic models will be as robust as

possible. The historic drilling suggests several mineralized, near-surface corridors.”

Stated Cynthia Le Sueur – Aquin, President and CEO of the Corporation: “ Mr. Lewis joins

LAURION at the pivotal time. Mr. Lewis’s talent and innovative approach is key to

developing the big picture and mentoring th e exploration team, with immediate focus

on the accelerated drilling campaign.”

“Our Board and management changes over the last two years underscore our

commitment to achieving operational excellence and exploration success on the highly

prospective mid-stage Ishkoday Project. We will draw on the excellent experience of Mr.

Lewis, who will work in tight collaboration with our VP Exploration and highly talented

Technical Advisory Management Committee (“TAMC”), to design and conduct

exploration campaigns to demonstrate the gold and base metal potential of the

Ishkoday Property.”

Table 1: Historic polymetallic assay results from selected compiled drill holes in the A-Zone of the

Ishkoday Project. Drill hole intercepts are comp iled from historic drilling. True widths of

From (m) To (m) Length (m) Au (g/t) Ag (g/t) Cu (ppm) Zn (ppm)

446441 5512936 130 ‐60 163.7 46.73 89.63 42.9 0.21 2.05 212 1,062

61.13 64.62 3.49 0.52 1.57 340 659

70.58 73.55 2.97 0.37 5.32 382 5,678

84.5 89.63 5.13 0.79 4.30 678 1,794

446459 5513000 135 ‐45 148.4 76.25 93.06 16.81 0.46 ‐‐ ‐

78.38 80.97 2.59 1.88 ‐ 514 146,699

92.6 93.06 0.46 2.40 10.00 2,500 19,200

106.43 106.65 0.22 2.06 8.40 2,500 20,500

87‐010 446459 5513000 135 ‐60 148.4 97.69 107.18 9.49 0.40 ‐‐ 5,766

446627 5513181 130 ‐45 98.8 10.26 13.41 3.15 0.61 ‐ 596 7,604

28.62 43.05 14.43 0.22 ‐‐ ‐

446341 5512741 120 ‐72 209.1 167.95 183.21 15.26 1.10 7.26 ‐‐

177.86 181.69 3.83 3.06 16.42 1,152 43,426

195.08 195.68 0.6 1.73 15.00 1,800 45,200

446397 5512813 120 ‐83 190.8 150.88 166.42 15.54 0.42 6.10 689 10,043

155.14 155.91 0.77 3.93 34.00 4,100 69,800

90‐049 446107 5512414 120 ‐63 245.7 225.55 228.9 3.35 1.83 12.07 295 19,936

446633 5513158 125 ‐75 87.8 6.7 10.5 3.8 0.78 5.45 412 4,844

32.4 35.9 3.5 0.36 3.94 668 4,133

40.5 42.1 1.6 2.85 1.40 97 705

92‐063 446581 5513101 125 ‐75 88.6 38.4 49.5 11.1 0.67 11.70 774 13,086

446528 5513060 135 ‐50 221.9 52.79 61.3 8.51 0.93 ‐‐ ‐

52.79 58.61 5.82 0.96 2.25 ‐‐

59.68 60.81 1.13 1.75 17.21 ‐ 34,269

446474 5512944 135 ‐45 108.2 73.15 78.97 5.82 1.18 31.82 ‐ 17,552

75.26 76.2 0.94 4.11 183.45 22,500 86,400

446440 5512978 135 ‐45 135.0 95.07 99.61 4.54 3.96 12.47 ‐‐

96.87 99.61 2.74 5.45 20.34 5,143 67,811

119.36 119.69 0.33 1.37 8.91 ‐ 52,600

K‐59

K‐64

87‐014

90‐039

90‐040

92‐053

K‐46

Including

Interval

87‐007

87‐009

And

Including

And

Including

And

Including

And

Including

HoleID Easting Northing Azimuth Dip Depth (m)

3 | Page

mineralization are unknown at this time. Collar positions are estimated based on compilation and

coordinates are in UTM NAD83 Zone 16N.

Readers are cautioned that the above drill hole data are historical in nature. A Qualified

Person has not verified the data, since there is no other information (such as historic

Quality Assurance and Quality Control measures) available apart from the historic drill

logs and assays. In addition, the historic drill core cannot be re-sampled nor re-assayed

since it no longer exists. LAURION believes that these historical drill holes provide a

conceptual indication of the potential of mineral occurrences within the project and are

a relevant guide for ongoing exploration and drilling.

The Corporation also announces that pursuant to its stock option plan, subject to TSX

Venture Exchange (“TSX-V”) approval, LAURION will grant incentive stock options to Mr.

Lewis to acquire a total of 250,000 common sh ares of the Corporation, exercisable for a

period of five years at an exercise price of $0.165, subject to vesting requirements.

Qualified Persons

Jean Lafleur, P. Geo. (PGO, OGQ) LAURION’s VP Exploration and David Lewis, P. Geo.

(PGO), LAURION’s Exploration Manager, both Qualified Persons as defined by National

Instrument 43-101, have drafted, reviewed and approved the technical content of this

news release.

About LAURION Mineral Exploration Inc.

The Corporation is a junior mineral exploration and development company listed on the

TSX-V under the symbol LME and on the OTCPINK under the symbol LMEFF. LAURION now

has 180,599,311 outstanding shares of which approximately 58% 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 km2 Ishkoday Project, and its gold-silver and gold-rich polymetallic mineralization

with significant upside potential. Ishkoday has a project-wide database (2008 to 2019)

that includes 307 diamond drill holes totaling 48,879m, geological mapping, ground and

airborne geophysics, and 21,800 individual samples with assays and geochemical

analysis. The mineralization on Ishkoday is open at depth beyond the current core-drilling

limit of -200 m from surface, based on the historical mining to a -685 m depth, in the past

producing Sturgeon River Mine.

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

4 | Page

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 forward-looking statements involve risks and

uncertainties. Actual events could differ materially from those projected herein including as a result of a

change in the trading price of the Common Shares. Investors should consult the Corporation’s ongoing

quarterly and annual filings, as well as any other a dditional documentation comprising the Corporation’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 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.

← Back to feed