LME.V · 2022-06-15 12:00:00

LAURION’s President and CEO Exercises Stock Options

Mergers & Acquisitions Share Capital & Compensation

TORONTO, ONTARIO (June 15, 2022) – LAURION Mineral Exploration Inc. (TSX.V: LME and

OTCPINK: LMEFF) (“LAURION” or the “Corporation”) announces that its President and

Chief Executive Officer, Cynthia Le Sueur -Aquin, exercised an aggregate of 1,530,000

stock options (the “ Options”) on June 15, 2022. Specifically, an aggregate of 1,530,000

common shares of LAURION (“ Common Shares”) were acquired by Ms. Le Sueur -Aquin

upon the exercise of 720,000 Options at a price of $0.10 per share and the exercise of

810,000 Options at a price of $0.05 per share. Ms. Le Sueur -Aquin, who is also a director

of the Corporation, currently intends to hold the Common Shares resulting from these

Option exercises for investment purposes. The Options were previously granted by the

Company on December 31, 2012, December 31, 2013 and March 13, 2015, respectively.

“LAURION is, and will remain , my largest personal investment by a significant margin,”

states Ms. Le Sueur -Aquin. “By exercising these Options with the aim of holding the

resulting Common Shares for investment purposes , I am reconfirming my faith in the

prospects of the Company. I am proud of the progress and success that LAURION has

experienced in recent years, especially as it pertains to the continuing development of

its flagship Ishkoday Project.”

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. The

Corporation currently has 254,052,613 outstanding shares, of which approximately 82% of

LAURION’s issued and outstanding shares 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 a significant upside potential. 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 dept h, in the past producing Sturgeon River Mine. The Brenbar

Property, which was acquired in 2020 and is contiguous with the Ishkoday Property, hosts

the historic Brenbar Mine. LAURION believes the mineralization to be a direct extension of

mineralization from the Ishkoday Property.

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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, including with respect to LAURION's prospects, business, operations and condition,

management's objectives, stra tegies, beliefs and intentions and the Common Shares resulting from the

issuance of Options. 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 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, global economic market s, 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 documentati on 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.

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