LAURION closes private placement of flow-through units

December 31, 2021

On December 31, 2021, LAURION Mineral Exploration Inc. (TSXV: LME) (OTCPINK: LMEFF) (“LAURION”) completed a new flow-through private placement on a non-brokered basis (the “Private Placement”) as a result of strong investor demand for LAURION’s previous private placement, which closed on December 8, 2021. Pursuant to the fully-subscribed Private Placement, LAURION issued 766,666 flow-through units (the “FT Units”) at a subscription price of $0.75 per FT Unit, for aggregate gross proceeds to LAURION of approximately $575,000.

LAURION is a junior mineral exploration and development company.

Jonathan Tong (Capital Markets & Securities) of Miller Thomson advised LAURION on the Private Placement.