LAURION’s 2023 Exploration Campaign Commenced on its Ishkoday Gold-Polymetallic Property

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LAURION’s 2023 Exploration Campaign Commenced on its

Ishkoday Gold-Polymetallic Property

TORONTO, ONTARIO (March 15, 2023) – LAURION Mineral Exploration Inc. (TSX.V: LME

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

the 2023 exploration campaign has commenced at its wholly-owned Ishkoday gold-

polymetallic property (the “ Ishkoday Project”), which aims to continue enhancing

LAURION’s shareholder value. The Ishkoday Project is located in northwestern Ontario,

56 kilometres west of Geraldton, and just 10 kilometres north of the Trans -Canada

highway No. 11 along Provincial Road 801.

The Ishkoday Property features numerous occurrences of gold and polymetallic

mineralization, which comprise multiple centimetre to metre wide veins and related

mineralized zones, over a 6 km long and up to 1 km wide overall trend.

Over the past two years, an interpretive breakthrough by LAURION ’s team of

geologists has allowed for significant advances on the Ishkoday Project. It suggests

that Ishkoday occurrences are the product of two separate and distinct mineralizing

events separated in time by 40 million years. Both mineralizing events are believed to

be exploiting the same structural pathways. The mineralization can be classified as: (i)

epithermal polymetallic sulphide veins; and (ii) mesothermal (orogenic) quartz vein

hosted gold.

The 2023 exploration campaign will focus on the orogenic gold corridor associated

with the Niish Shear Zone , and those areas where there is potential for a sufficient

concentration/density of the several well-mineralized veins . Given insights derived

from the recent breakthrough work, the area within the western sector of the Ishkoday

Property, and particularly the area between the historical Sturgeon River and Brenbar

Mines, is of marked interest. The historic Sturgeon River Mine data further suggests that

mineralization may be more extensive at depth and along strike.

The 2023 exploration campaign will consist of three field -based components , as

follows:

 Relogging and resampling of historical drill holes focusing on critical alteration

and/or structural features , which may delineate or highlight previously

unrecognized areas hosting mineral potential.

 The second component will focus on a larger target area that may facilitate

the delineation of potential mineralized extensions of the historical gold mines.

 A diamond drilling program comprising of up to 5,000 metres.

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In light of its re -evaluation of the Ishkoday Property and consequent enhanced

interpreted potential of the Sturgeon River Mine area, in particular, management has

decided to focus on completing additional surface work and drilling in the area of

the shaft and stockpiles , prior to committing the capital necessary to process the

stockpile resources. For further information, please see the Corporation’s National

Instrument 43 -101-compliant Technical Report entitled “Technical Report on the

Resource Estimate on the Sturgeon River Mine Waste Pile and Tailings, Ishkoday

Property, Northern Ontario”, dated June 7, 2013, which is available on SEDAR, as well

as the Corporation’s news release dated April 23, 2013.

LAURION has recently comp leted the Baseline Environmental Studies through Blue

Heron Solutions . Blue Heron will continue the permitting for the processing of the

surface stockpiles.

With the new insights and exploration tools now available to LAURION’s technical

team, management looks forward to this year’s field program with great anticipation.

Core reinterpretation and relogging is scheduled to begin in mid-March and field work

in mid -May, subject to weather conditions. LAURION will provide further updates

through subsequent news releases in due course and as appropriate.

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 256,809,855 outstanding shares of which approximately 80% are owned and

controlled by Insiders who are eligible investors under the “Friends and Family”

categories.

LAURION remains focused on advancing its flagship project, the 100% -owned

Ishkoday gold -polymetallic property, located in northwestern Ontario just over 50

kilometers west of the town of Geraldton and 12 kilometers north of Trans -Canada

Highway No. 11 along Road 801.

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 inclu ding with respect to LAURION's business, operations and

condition, management's objectives, strategies, beliefs and intentions, the Corporation’s a bility to

advance the Ishkoday P roject, and the nature, focus , timing and potential results of the Corporation’s

future exploration efforts, including its planned activities for Ishkoday in 2023. 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

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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 and future exp loration 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, for additional information on risks and uncertainties relating to

these fo rward-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.