Laurion Mineral Exploration Inc. Closes Private Placement of Flow-Through Units and Non Flow-Through Shares for $1.0 Million

Led by

Jonathan Tong

Partner

Toronto

Team members

• Kathryn Walker
• Anca Nitu

Pursuant to a non-brokered private placement (the “Private Placement”), Laurion Mineral Exploration Inc. (TSXV: LME)(“Laurion”) issued and sold a total of 3,576,946 flow-through units (the “FT Units”) and 333,333 non flow-through common shares (the “Non-FT Shares”) for aggregate gross proceeds of approximately $1.0 million. The Private Placement was completed in two tranches with closings on June 12, 2026 and June 17, 2026.

Each FT Unit consists of one common share of Laurion (each, a “FT Share”) and one common share purchase warrant (each, a “Warrant”). Each Warrant entitles the holder thereof to acquire one Non-FT Share of Laurion at a price of $0.35 per share for a period of 24 months from the date of issuance. The FT Shares and the Warrants comprising the FT Units qualify as “flow-through shares”, as defined in subsection 66(15) of the Income Tax Act (Canada).

Laurion intends to allocate the gross proceeds from the issue of FT Units to advance Laurion’s 2026 drill program on its flagship Ishkõday property. Laurion intends to use the net proceeds from the issue of Non-FT Shares for exploration activities and general working capital purposes.

Laurion is a junior mineral exploration and development company listed on the TSX Venture Exchange. Its chief emphasis is on the exploration and development of its flagship project, the 100% owned mid-stage 57 km² Ishkõday Project, and its gold-rich polymetallic mineralization.

Miller Thomson advised Laurion with a team led by Jonathan Tong (Capital Markets & Securities, Mining) and comprised of Kathryn Walker (Tax), Anca Nitu (Paraprofessional) and Trent Johnson (Articling Student).