Ms. Cynthia Le Sueur-Aquin reports

LAURION ANNOUNCES COMMENCEMENT OF 2023 DRILL PROGRAM AT THE ISHKODAY PROJECT

Laurion Mineral Exploration Inc. will commence the 2023 diamond drill program at its 100-per-cent-owned Ishkoday project, located 220 kilometres northeast of Thunder Bay and 28 kilometres northeast of the township of Beardmore.

Laurion has retained Forage GeoNord from Dolbeau-Mistassini, Que., under the supervision of Ronacher McKenzie Geoscience of Sudbury, Ont.

The drilling campaign will commence on Oct. 16, 2023, and will comprise approximately 3,675 metres of NQ drilling. The drill program is focused on targeting the northeast extension of the Sturgeon River mine structure, with the objective of targeting the No. 1, 2, 3 quartz veins and other quartz veins and shear structures encountered in the historic mining of the Sturgeon River mine.

The Sturgeon River property hosts the former-producing Sturgeon River mine, known previously as the Coniagas mine, which produced 73,439 ounces of gold and 15,922 ounces of silver between 1936 and 1942. The shaft was sunk to a depth of 2,108 feet with development on 14 levels, the lowest producing level being at 1,750 feet, with the main economic mineralization confined to the No. 3, M and 10 and 11 quartz veins. Underground development included 20,239 feet of drifting and 3,149 feet of crosscutting. The main economic mineralization was confined to the No. 3, M and 10 and 11 quartz veins. Wartime restrictions in 1942 forced the mine's closure in 1942.

Qualified person

The technical contents of this release were reviewed and approved by Jean-Philippe Paiement, PGeo, MSc, a consultant to Laurion and a qualified person as defined by National Instrument 43-101 -- Standards of Disclosure for Mineral Projects.

About Laurion Mineral Exploration Inc.

The corporation is a junior mineral exploration and development company listed on the TSX Venture Exchange under the symbol LME and on the OTC under the symbol LMEFF. Laurion now has 257,948,737 outstanding shares of which approximately 80 per cent are owned and controlled by insiders who are eligible investors under the friends and family categories.

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