Laurion Mineral Exploration Inc.

Laurion Mineral Exploration Inc.

December 03, 2010 15:28 ET

Laurion Announces Final Approval of Rolling Stock Option Plan and Shareholder Rights Plan

TORONTO, ONTARIO--(Marketwire - Dec. 3, 2010) - Laurion Mineral Exploration Inc. (TSX VENTURE:LME)(OTCQX:LMEFF) ("Laurion") is pleased to announce that it received shareholder and final TSXV approval of its 10% rolling stock option plan (the "Option Plan"), which replaced Laurion's former fixed option plan, and its amended and restated shareholder rights plan (the "Rights Plan"), which replaced the former shareholder rights plan. Shareholder approval was obtained at the annual and special meeting of shareholders held on November 5, 2010 and the TSXV granted final approval of the Rights Plan and the Option Plan on December 1, 2010 and December 3, 2010, respectively. A copy of each of the Option Plan and the Rights Plan is available on SEDAR.

About Laurion Mineral Exploration Inc.

Laurion's focus is to make the transition from explorer to near-term producer. It envisages the realization of shareholder value and wealth through monetization of its discoveries and assets. Laurion's exploration horizon is focused on gold (with a secondary focus on base metals and PGEs). Laurion's key proprietary interests are in prospective mining properties located in Ontario, Canada and Nevada, USA.

Laurion is well-funded to complete the next phases of drilling and exploration work on the Bell Mountain and Sturgeon River Gold Projects. Laurion intends to successfully advance these projects, moving it closer to being a near-term producer.

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. Such statements include, but are not limited to, statements concerning the Option Plan and the Rights Plan. 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. Laurion and its management assume no 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.

Contact Information

  • Laurion Mineral Exploration Inc.
    Cynthia Le Sueur-Aquin
    1-705-788-9187 (FAX)