Ms. Cynthia Le Sueur-Aquin reports

LAURION ANNOUNCES CLOSING OF SECOND TRANCHE OF NON-BROKERED PRIVATE PLACEMENT OF FLOW-THROUGH UNITS

Laurion Mineral Exploration Inc. has closed the second tranche of its previously announced non-brokered private placement, with the second tranche consisting of an aggregate of 2,737,579 flow-through units at a subscription price of 19 cents per unit for aggregate gross proceeds to the corporation of $520,140. Together with the first tranche of the private placement, the corporation has raised an aggregate of $970,143 through the issuance of 5,106,017 units.

Each unit consists of one common share of the corporation 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 entitles the holder thereof to acquire one non flow-through common share of the corporation at a price of 25 cents per share for a period of 24 months from the date of issuance.

The gross proceeds allocable to the FT shares comprising the units will be used for Canadian exploration expenses (within the meaning of the Tax Act), which will qualify, once renounced, as flow-through mining expenditures, as defined in the Tax Act, which will be renounced with an effective date of no later than Dec. 31, 2019 (provided the subscriber deals at arm's length with the corporation at all relevant times), to the initial purchasers of units in an aggregate amount not less than the gross proceeds raised from the issue of the units which are allocable to the FT shares.

In connection with the second tranche of the private placement, certain arm's-length finders received an aggregate of $50,000 as a cash finder's commission and an aggregate of 263,157 finders' warrants having the same attributes as the warrants.

Pursuant to applicable Canadian securities laws, all securities issued pursuant to the second tranche of the private placement are subject to a hold period of four months and one day, expiring on April 7, 2020. The private placement remains subject to the TSX Venture Exchange's final approval.

About Laurion Mineral Exploration Inc.

Laurion is a junior mineral exploration and development company listed on the TSX-V.

We seek Safe Harbor.