The TSX Venture Exchange has accepted for filing documentation with respect to the arm's-length acquisition of 53 mineral exploration claims located in the Irwin, Pifher and Sandra townships of the Thunder Bay district in Ontario, pursuant to a purchase agreement, entered into between Laurion Mineral Exploration Inc. and certain arm's-length parties.

As consideration for the acquisition, the company has issued an aggregate of 142,857 common shares to the vendors.

Further, the vendors will retain a 1-per-cent net smelter return (NSR) royalty on gold and base metal production from the properties. The company will have the option to buy back, at any time, a 0.5-per-cent NSR for $500,000.

For further details, please refer to the company's news release dated Oct. 11, 2023.