Laurion Completes $820,000 Private Placement

Laurion Mineral Exploration (OTCQX: LMEFF; TSX-V: LME) has closed a private placement in the amount of $820,000 as a result of the issuance of 8,200,000 flow-through units (each a “Unit”) at a price of $0.10 per Unit.  Each Unit consists of: (i) one common share of Laurion, which qualifies as a flow-through share pursuant to the Income Tax Act (Canada); and (ii) one common share purchase warrant (each a “Warrant”). Each whole Warrant entitles the holders thereof to purchase, for a period of 24 months (the “Term”) from the closing of the Offering (the “Closing”), one common share of Laurion issued on a non-flow-through basis (each a “Common Share”) upon payment of $0.16 in the first year of the Term or $0.18 in the second year thereof.

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