Ms. Cynthia Le Sueur-Aquin reports

LAURION ANNOUNCES PROPOSED PRIVATE PLACEMENT OF FLOW-THROUGH UNITS AND NON FLOW-THROUGH SHARES

Laurion Mineral Exploration Inc. is proposing to complete a private placement on a non-brokered basis. The corporation intends to raise up to approximately $1-million in gross proceeds by issuing a combination of flow-through units (the FT units) and non-flow-through common shares of the corporation. Pursuant to the private placement, the FT units will be issued at a price of 26 cents per unit and the non-FT shares will be issued at a price of 21 cents per share.

Each FT unit will consist of one common share of the corporation to be issued as a flow-through share (as defined in Subsection 66(15) of the Income Tax Act (Canada)) and one common share purchase warrant. Each warrant will entitle the holder thereof to acquire one non-FT share at a price of 35 cents per share for a period of 24 months from the date of issuance.

The gross proceeds raised from the FT units will be used to incur eligible Canadian exploration expenses (CEE) at the corporation's flagship Ishkoday project that qualify as flow-through mining expenditures, as such terms are defined in the tax act. Laurion intends to allocate the proceeds from the private placement to advance the corporation's 2026 drill program on the Ishkoday property. The corporation intends to use the net proceeds from the issue of non-FT shares for exploration activities and general working capital purposes. In connection with the private placement, the corporation may pay finders' fees in the form of cash commissions and/or finders' warrants.

The closing of the private placement is subject to the approval of the TSX Venture Exchange. All securities that are issued pursuant to the private placement will be subject to, among other things, a hold period of four months and one day in accordance with applicable Canadian securities laws.

About Laurion Mineral Exploration Inc.

Laurion is listed on the TSX Venture Exchange (LME), OTC (LMEFF) and Frankfurt Stock Exchange (5YD), and is a mid-stage Canadian mineral exploration company, focused on advancing the 100-per-cent-owned Ishkoday gold project in Northern Ontario.

The Ishkoday project covers approximately 57 square kilometres within the prolific Beardmore-Geraldton and Onaman-Tashota greenstone belts and hosts a district-scale mineralized corridor extending more than six kilometres. Historical and modern exploration programs have completed over 98,000 metres of drilling, confirming a large and evolving gold-rich polymetallic mineral system.

Laurion's strategy emphasizes disciplined, data-driven exploration, systematic technical advancement, integrated geological modelling and responsible capital allocation. The corporation is focused on strengthening geological confidence, expanding the scale of the mineral system and positioning the project for a future National Instrument 43-101 mineral resource estimate (MRE). Laurion continues to evaluate opportunities that may enhance project development flexibility, including potential non-dilutive initiatives such as the evaluation of historical surface stockpile processing. The corporation's objective is to build technical clarity, scale and long-term project value before monetization, ensuring that future development decisions or strategic opportunities are supported by strong geological foundations and reduced execution risk.

Cynthia Le Sueur-Aquin, president and chief executive officer of Laurion, is the corporation's largest shareholder, holding 17,221,306 common shares, reflecting strong alignment between management and shareholders.

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