Resource Estimate of 144,070 Tonnes Of Surface Stockpile Grading 1.59 g/t Gold and 137,501 Tonnes of Tailings Grading 0.67 g/t Gold

TORONTO - Laurion Mineral Exploration Inc. reported that NI 43-101 Measured and Indicated resource estimates have been prepared by Laurion's consultants GeoVector Management Inc. for Laurion's Ishkoday Property, located approximately 28km northeast of Beardmore, Ontario.  The resource estimates are for the low grade stockpile accumulated during mining operations of the old Sturgeon River Gold mine on the Ishkoday property from 1936 to 1942, and for the low grade tailings area associated with the processing of ore feed from the mine.

The resource estimate for the low grade stockpile is 144,070 tonnes grading 1.59 g/t gold for 7,383 contained ounces of gold in the Indicated category. The resource estimate for the low grade tails is 137,501 tonnes grading 0.67 g/t gold for 2,944 contained ounces of gold in the Indicated category. Total Indicated mineral resources for both deposits totals 281,571 tonnes grading 1.14 g/t gold for 10,327 contained ounces of gold.

Cynthia Le Sueur-Aquin, President and CEO said, "Initially, the broad objective of evaluating the low grade stockpile and the tailings area was to prove the encouraging extent and grade of the host rock mineralization between high grade quartz veins.

Ore mined between the years 1936-42, was hand sorted at surface, extracting the higher grade quartz vein material. The lower grade vein selvages were placed on the low grade stockpile. The sampling and resource estimation indicates that this material contains significant gold. We fully anticipate that the base of the low grade stockpile and tailings area may well contain higher gold grade values, as a result of percolation of gold fines over the 70 years of weathering. The highest grade sample in the low grade stockpile was 32 g/t Au. That gold mineralization occurs outside the traditionally mined veins was further confirmed in 2010, with the discovery of 7 new gold zones reported in the assay results of the 3,511 m drill program below the shaft workings. This mineralizing style appears to be indicative of a larger lower grade gold environment and potential to explore a mining opportunity in an around the historical shaft area.

The Ishkoday property continues to surprise and deliver encouraging results. The resource estimates of 7,383 ounces gold contained in the low grade stockpile and 2,944 ounces gold in the low grade tailings is a bonus to the comprehensive sampling program, and is currently being evaluated for potential economic recovery and revenue generation".