TORONTO, ONTARIO, Feb 24, 2011 (Marketwire via COMTEX News Network) –
Laurion Mineral Exploration Inc. (TSX VENTURE:LME)(OTCQX:LMEFF) (“Laurion” or the “Corporation”) and James E. Bond II and Russell P. Renner (collectively, “Bond and Renner”) are pleased to announce that they have entered into a letter of intent (the “LOI”) for Laurion to acquire an undivided 100% interest in 13 mining claims totaling 179 units and primarily located in Pifher Township north of the Corporations 100% owned Sturgeon River Project (” known as the “Sturgeon Pifher North Claims”) The purchase price payable by Laurion for the Property is ($68,000) payable by the issuance of 800,000 Laurion common shares at a deemed price of $(0.085) per share to be divided equally between Bond and Renner.
