Laurion Completes Transaction with Prodigy Gold Inc. for Walter-Elmhirst Claims at Beardmore

Laurion Mineral Exploration Inc. (OTC Other: LMEFF; TSX-V: LME) issued a press release on September 8, 2011 , announcing that it had entered into a definitive option agreement with Prodigy Gold Inc., whereby Laurion would acquire a 100% interest in three mineral claims comprising 21 claim units located in Walter-Elmhirst Townships, Thunder Bay Mining Division, in the Province of Ontario.

Laurion announced today that it has received all necessary corporate and regulatory approvals with respect to the above transaction with Prodigy, and confirms that the transaction has closed.

The Prodigy Walter-Elmhirst property is contiguous to the Corporation’s Sturgeon River property. The objective of this transaction is to encompass the strike of parallel extensions which lay south of the Tehya, Ahki, Loki and A2 Vein trends that are potential prospective horizons for precious metal rich VMS mineralization.

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