Laurion Mineral Exploration Inc.

Laurion Mineral Exploration Inc.

June 08, 2009 09:00 ET

Laurion Initiates 2009 Field Programs, Provides Corporate Update

Issued and Outstanding Common Shares - 66,043,683

TORONTO, ONTARIO--(Marketwire - June 8, 2009) - Laurion Mineral Exploration Inc. (TSX VENTURE:LME) ("Laurion") is pleased to provide the following update on Laurion's corporate and technical activities.

Davidson-Tisdale and North Tisdale Properties:

Late in 2008, a ground geophysical program consisting of 7.25 km of induced polarization/resistivity surveys was completed on the North Tisdale Property that identified several exploration targets. Field work is planned to commence this month and will consist of ground truthing and geochemical sampling.

The Nipigon Project:

The Nipigon Project is comprised of the Dorothea Property, the Fox Mountain Property, and the Graydon Lake Property.

Field work has commenced on all three properties. Initial work will focus on field investigations on targets identified from the high definition VTEM airborne survey completed last year starting on the Fox Mountain Property where a cluster of three electromagnetic anomalies occur along the eastern basal contact of the Disraeli Intrusive.

The Nipigon Plate - Lake Superior area has been interpreted to be a favourable setting for Noril'sk type PGE-bearing massive sulphide deposits. The tectonic setting and geological host rock types are identical to the Noril'sk region. The existence of major copper-nickel deposits in the region such as the Duluth Gabbro complex deposits, and the Great Lakes Nickel deposit within the Crystal Lake Gabbro, as well as the presence of PGE values in the previously unknown ultramafic bodies (Seagull Intrusive, Current Lake Intrusive) demonstrate the prospectively of Laurion's Nipigon Project.

Replacement Finder's Warrants - 2007 Financing

Following the Corporation's closing of its offering on November 16, 2007, the TSX Venture Exchange later advised that the 1,965,944 Finder's Warrants that were issued at an exercise price of $0.10 per share were not permitted under TSX Venture Exchange policies. Laurion has therefore issued replacement finder's warrants having an exercise price of $0.11 per share, in consideration for the cancellation of the Original Finder's Warrants. The Replacement Finder's Warrants have been approved by the TSX Venture Exchange and all parties involved have been contacted.

Joerg Kleinboeck, B.Sc., P.Geo., is the qualified person for all technical information provided in this release.

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This news release includes certain forward-looking statements concerning the future performance of Laurion's business, operations and financial performance and condition, as well as management's objectives, strategies, beliefs and intentions. Forward-looking statements are frequently identified by such words as "may", "will", "plan", "expect", "anticipate", "estimate", "intend" and similar words referring to future events and results. Forward-looking statements are based on the current opinions and expectations of management. All forward-looking information is inherently uncertain and subject to a variety of assumptions, risks and uncertainties, including the speculative nature of mineral exploration and development, fluctuating commodity prices, competitive risks and the availability of financing, as described in more detail in our recent securities filings available at Actual events or results may differ materially from those projected in the forward-looking statements and Laurion cautions against placing undue reliance thereon. Neither Laurion nor its management assumes any obligation to revise or update these forward-looking statements.

"Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release."

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