Laurion Mineral Exploration Inc.

Laurion Mineral Exploration Inc.

March 17, 2011 12:10 ET

Laurion Engages an Independent Consultant for Corporate Communications

TORONTO, ONTARIO--(Marketwire - March 17, 2011) - Laurion Mineral Exploration Inc. (TSX VENTURE:LME)(OTCQX:LMEFF) ("Laurion") is pleased to announce that it has retained 2225459 Ontario Inc. (the "Consultant") as an investor relations consultant. Karen Doxsee will be providing services on behalf of the Consultant.

The Consultant is located in Toronto, Ontario. As part of its mandate, the Consultant will provide corporate communication services for the purpose of increasing investors' awareness of Laurion. Specifically, the Consultant will develop relationships with investment professionals, investment advisors and money managers with the aim of allowing Laurion to build and maintain an informed investor audience. Such relationships will develop primarily with those who are focused on the microcap basic materials market space.

Pursuant to a consulting agreement (the "Consulting Agreement"), Laurion has engaged the Consultant for an initial term of six months (the "Initial Period") at a monthly fee of CAD $6,666.66 with an option to extend such term at the mutual agreement of both parties. Laurion has agreed to pay the Consultant (i) a monthly fee of CAD $7,083.33 for the consulting services provided during the six months immediately following the Initial Period, and (ii) a monthly fee of CAD $7,500 for each month thereafter. In addition, and upon (i) the mutual extension of the Consulting Agreement beyond the Initial Period and (ii) the prior written approval of its directors, Laurion has agreed to grant the Consultant options to purchase 100,000 common shares of Laurion (the "Options"). The grant and the Options shall, in all respects, be subject to the provisions of any applicable stock option plan(s) and applicable securities laws, including the rules, policies and any other requirements of the TSX Venture Exchange (the "TSXV").

Laurion's engagement of the Consultant remains subject to the approval of the TSXV.

About Laurion Mineral Exploration Inc.

Laurion's focus is to make the transition from explorer to near-term producer. Laurion's exploration horizons are focused primarily on gold with a secondary interest in base metals and PGEs with key interests in prospective mining properties located in Ontario and Nevada USA.

Laurion envisages the realization of shareholder value and wealth through monetization of its discoveries and assets.

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 Laurion's acquisition of the Property from Bond and Renner as described above, statements concerning the approval of Laurion's application to trade its common shares over the facilities of the OTCQX and the commencement of such trading. 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
    Laurion Mineral Exploration Inc. - Investor Relations
    Karen Doxsee
    VP Corporate Communications
    1-888-212-4070 or 1-705-788-9186
    1-705-788-9187 (FAX)