Drilling Commences Prospective Gold-Copper-Zinc Target

TORONTO - Laurion Mineral Exploration Inc. reported that it has commenced drilling on the Sturgeon River North property ("Mahki zone"), located in Pifher Township, north of the Corporations 100% owned Sturgeon River Project, 25 kilometres east of the Town of Beardmore, Ontario. The Corporation recently completed a geophysical survey and is targeting VTEM anomalies on the Mahki zone located north of the Namewaminikan River. The anomalies are relatively strong conductors which are buried by glacial sand deposits, and therefore have never been prospected or drilled. The anomalies occur in an area with known copper and zinc mineralization hosted in Felsic to Intermediate volcanics, and copper/gold mineralization hosted in Diorite/Granodiorite intrusives. In 1972, Augmitto Explorations Ltd. conducted a prospecting program followed by an Induced Polarization ("I.P.") survey to the east of the current geophysical grid and drill program, which resulted in the reported discovery of a north easterly zone of chalcopyrite-pyrrhotite mineralization of approximately 4.9 metres to 6.1 metres wide and 76 metres in strike length. A second zone was stripped uncovering fine disseminated chalcopyrite and pyrite. This zone was located on the extension of one of the higher I.P. survey anomalies over which mineralization was found to extend over a width of approximately 61 metres. A grab sample was reported to assay 0.250 ozs/ton (8.6 g/t) gold, 1.43 ozs/ton (48 g/t) silver and 3.77% copper. A program of diamond drilling was commenced in November 1972, to test the surface showing and geophysical anomalies. Three holes totaling 397 metres were drilled, reporting 0.8 g/t gold, 6.7 g/t silver and 0.76% copper over 11.49 metres, including 1.1 g/t gold, 8.3 g/t silver and 1.02% copper over 6.92 metres. The Corporation terminated the drill program on the Corporation's Nevada Bell Mountain Project (Sphinx Zone) as a result of continuous mechanical breakdowns and difficulties accessing the steep drill stages due to icy terrain. In the interest of safety and elimination of unnecessary costs, the Corporation has determined that the drill program will be resumed in the spring.