Bell Mountain Initial Mineral Resource Estimate  

TORONTO, ON - Laurion Mineral Exploration Inc. reported the completion of an initial NI43-101 Mineral Resource Estimate for its 100% owned Bell Mountain Project located in Churchill County, Nevada. The mineral resource estimate was prepared by Telesto Nevada, Inc. of Reno, Nevada in accordance with Canadian National Instrument 43-101 requirements. The resource is based on 54,692 feet (16,671 m) of reverse circulation ("RC") drilling completed on the Varga, Spurr and Sphinx zones.

Resource Estimate Highlights: Measured and Indicated resource of 9,761,000 tonnes of material at an average grade of 0.526 g/t gold and 17.63 g/t silver, hosting 165,018 ounces gold and 5,533,907 ounces silver; Inferred resource of 2,046,000 tonnes of material at an average grade of 0.449 g/t gold and 13.26 g/t silver hosting 29,550 ounces gold and 872,411 ounces silver. Cynthia Le Sueur-Aquin, President and CEO said, "This initial resource estimate is a significant milestone in creating value for the Corporation. We are extremely encouraged with the results of the initial resource estimate which resulted in an increase of 49% from the historic resource of 2.1 million tonnes of 1.33 g/t gold and 37.55 g/t silver as a result of the 56 hole RC drill program completed in November 2010 on the Spurr and Varga zones. Laurion's primary goal is to successfully advance the project to production in the short to medium term, contemplating a conventional low cost open pit mining method with heap leach processing configuration. Environmental Assessment and Pre-Feasibility study work has commenced. In addition, strong potential exists for further resource addition on the Spurr-Varga fault which remains open at depth and laterally. The Spurr-Varga fault extends for 1.8km on surface. The Sphinx zone remains open at depth and laterally and can be traced on surface for 900 meters. Laurion will look to further expand the resource and potentially drill test a number of high priority regional targets." The company's address is 333 Bay Street, Suite 2900, PO Box 2900, Toronto, ON M5H 2T4.