Laurion Mineral Exploration Inc.

Laurion Mineral Exploration Inc.

September 10, 2009 10:57 ET

Laurion Mineral Exploration Inc. Announces Warrant Extension and Repricing for the October 2007 Financing

TORONTO, ONTARIO--(Marketwire - Sept. 10, 2009) - Laurion Mineral Exploration Inc. (TSX VENTURE:LME) (the "Corporation") is pleased to announce that an application has been approved by the TSX Venture Exchange to extend the term, and reduce the exercise price, of the 2,173,912 warrants issued by the Corporation on October 17, 2007 (the "Warrants"). The Warrants were scheduled to expire on October 17, 2009. However, the Corporation has extended the expiration date of the Warrants to October 17, 2010, and reduced the exercise price of the Warrants from $0.20 to $0.11.

About Laurion Mineral Exploration Inc.

Laurion Mineral Exploration Inc. (TSX VENTURE:LME) is an exploration company focusing on the upside of a major discovery on multiple high impact projects, from gold projects to base metals and PGE's. Laurion has key interests in highly prospective properties Located in Gowganda, Nipigon and the Timmins and Geraldton-Beardmore Camp, Ontario.

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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.

Issued and Outstanding Common Shares - 66,043,683

"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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