Ms. Cynthia Le Sueur-Aquin reports

LAURION UNVEILS 2024 EXPLORATION PROGRAM FOR ISHKODAY PROPERTY, ENHANCING FOCUS ON STURGEON RIVER MINERALIZED STRUCTURES

Laurion Mineral Exploration Inc. has provided an overview of the 2024 exploration program set to unfold on the Ishkoday property, strategically situated 28 kilometres northeast of the town of Beardmore and 220 km northeast of Thunder Bay.

The 2024 exploration plan aligns with the endorsement received from the author of Laurion's recent National Instrument 43-101 technical report: mineral property of merit (filed on SEDAR+). This recommendation underscores Laurion's dedication to advancing its proposed exploration endeavours for 2024, reinforcing its commitment to progressing key prospective areas through robust exploration initiatives.

Laurion has enlisted the expertise of Forage GeoNord, headquartered in Dolbeau-Mistassini, Que., to spearhead two drilling campaigns totalling 6,500 metres. The first planned 2024 drilling initiative is slated to commence early March, 2024. The campaign will strategically target the delineation of additional grade and tonnage potential around the Sturgeon River mine shaft. The second drilling campaign will follow the field program later in the 2024 season.

The corporation's 2023 exploration efforts focused on the orogenic gold corridor linked with the Niish shear zone yielded promising results, particularly in the Sturgeon River mine area, showcasing characteristics typical of orogenic gold deposits. The Sturgeon River mineralized system, comprising seven distinct quartz veins and mineralized shear zones, demonstrated true widths ranging from 0.5 m to 7.95 m and grades ranging from 0.1 gram per tonne Au to 7.78 g/t Au (see press releases dated Jan. 5, Jan. 12 and Feb. 2, 2024). These findings provide valuable insights into expansion opportunities to the north and south of the Sturgeon River mine.

In tandem with the drilling initiatives, Laurion will initiate a comprehensive program encompassing prospecting, mechanical trenching, and channel sampling and mapping. These targeted efforts will focus on prospective areas previously identified by prospecting, including regions northwest of the Sturgeon River and Brenbar mines, the Sturgeon-Maloney showing, and the recently acquired Twin Fall claims. Scheduled to commence in June, 2024, this field program underscores Laurion's steadfast commitment to meticulous exploration and the relentless pursuit of mineral wealth and expansion.

Furthermore, Laurion has engaged KBM Resources Group, headquartered in Thunder Bay, to conduct aerial acquisition of high-resolution imagery and lidar over its Twin Falls project. Covering 10 square km, this airborne endeavour will harness cutting-edge lidar technology to identify geological structures, faults and potential mineral deposits beneath the surface by analyzing the terrain and surface features, thereby enhancing exploration efforts. With mobilization set for late May, 2024, Laurion anticipates the seamless execution of this undertaking under the stewardship of seasoned KBM personnel.

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 263,346,102 outstanding shares of which approximately 72 per cent 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-per-cent-owned, mid-stage, 57.43 square km Ishkoday project, and its gold-rich polymetallic mineralization.

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