Laurion Mineral Exploration Inc.
TSX VENTURE : LME
OTCQX : LMEFF

Laurion Mineral Exploration Inc.

December 31, 2010 15:00 ET

Laurion Mineral Exploration Inc.-Issuance of Stock Options

TORONTO, ONTARIO--(Marketwire - Dec. 31, 2010) - Laurion Mineral Exploration Inc. (TSX VENTURE:LME)(OTCQX:LMEFF) ("Laurion") is announcing that it has granted a total of 2,100,000 stock options (the "Options") to its board of directors (the "Board"). Laurion's Compensation Committee issued the Options to the Board as compensation for each director's respective contributions to Laurion over the last year.

The Options have a ten year term and an exercise price of $0.12. One-third of the Options vest immediately, one-third of the Options will vest on the first anniversary of their date of grant and the remaining one-third of the Options will vest on the second anniversary of their date of grant.

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 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 Options and Laurion's stock option 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 www.sedar.com. 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
    President
    1-705-788-9186
    1-705-788-9187 (FAX)
    www.laurion.ca