Ms. Cynthia Le Sueur-Aquin reports

LAURION ENGAGES STEVEN HUNTER FOR INVESTOR RELATIONS SERVICES

Laurion Mineral Exploration Inc. has engaged Steven Hunter to provide investor relations services.

Steven has been engaged to heighten capital market awareness and understanding of LAURION, and assist with managing investor communications and expectations. Steven's services are expected to include the enhancement of corporate marketing materials, investor engagement through select channels, relationship management, and other strategic capital market advisory services.

In connection with this engagement, the Corporation and Steven have entered into a consulting agreement (the "Agreement"), pursuant to which, among other things, Steven has agreed to provide certain investor relations services in accordance with Policy 3.4 - Investor Relations, Promotional and Market-Making Activities ("Policy 3.4") of the TSX Venture Exchange (the "TSXV"). The Agreement has a term of up to six months, effective August 21, 2023, and may be terminated at any time without charge by either party by giving a 30-day notice in writing. In consideration for his services, Steven will receive options to purchase up to 250,000 common shares of the Corporation at a price of C$0.40 per common share, with a five-year term. The Options will vest as to one-third of the Options on each annual anniversary of their grant, with the first such vesting occurring on the first anniversary (being 12 months from the date of grant), in accordance with the Corporation's stock option plan and Policy 3.4.

Steven is based out of London, Ontario and was a licensed CIRO Investment Advisor and Professional Branch Manager for the past 22 years. A veteran of the Canadian investment services industry, Steven has held senior roles at a major Canadian bank that included responsibility for supervision and management of a multi-billion dollar business while adhering to strict guidelines set out by a number of provincial and federal self-regulatory organizations.

The Agreement does not contain any performance factors. Steven and the Corporation are unrelated and unaffiliated entities, although Steven is an existing minority shareholder of the Corporation. The appointment of Steven as an investor relations consultant of LAURION and the granting of stock options, as contemplated in the Agreement and summarized above, remain subject to TSXV approval.

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 OTC under the symbol LMEFF. LAURION now has 257,159,855 outstanding shares of which approximately 80% are owned and controlled by Insiders who are eligible investors under the "Friends and Family" categories.

LAURION's emphasis is on the exploration and development of its flagship project, the 100% owned mid-stage 47 km2 Ishkoday Project, and its gold-rich polymetallic mineralization.

LAURION's chief priority remains maximizing shareholder value while simultaneously embracing and considering the principles and best practices of environmental, social, and corporate governance (ESG) issues. A large portion of the Corporation's focus in this regard falls within the ambit of its mineral exploration activities and more specifically, advancing the Ishkoday Project.

We seek Safe Harbor.