Laurion Acquires 100% Interest in Beaurox Property  

TORONTO - Laurion Mineral Exploration Inc. has entered into a definitive agreement with Beaurox Mines Limited in which the Corporation has received the option to acquire up to a 100% interest in 30 mining leases covering an area of 447.35 hectares. The Beaurox property is contiguous to the Corporation's north eastern boundary, and is located in the south western quarter of Elmhirst Township. The Corporations' Sturgeon River Property is located 25 kilometres east of the Town of Beardmore, Ontario.

Laurion is currently compiling the extensive diamond drilling data base on the Beaurox property and combining it with information currently compiled on its Sturgeon River and Jubilee properties. Based on preliminary analysis of the historical drilling, combined with Laurion's recent drill results on its Sturgeon River and Jubilee properties, Laurion has established the potential for possible economic deposits across the three properties. Aggressive exploration plans are now being developed to explore for these deposits and to guide this exploration. Laurion has developed a Target Deposit based on the available drilling information which suggests a combined strike length of 6,000 metres for the 3 zones.

Cynthia Le Sueur-Aquin, President of Laurion Mineral Exploration said, "We are particularly excited about this key acquisition. There are strong indications we are located in a very favourable geological setting to realize the occurrence of strata-bound massive gold-zinc-copper-silver environment. The base metal mineralized horizon is very persistent over a great distance. Available sampling and drilling results indicate excellent potential. The "A" Zone on the Beaurox property is the possible extension of the A-2 zone, and the "D" Zone appears to be on strike with the Tehya Zone, thus indicating that the potential strike length of these zones may extend up to 2.7 km of this prospective horizon of precious metal rich VMS mineralization."

The Beaurox property contains eight named surface showings, most with at least one or two drill holes through the mineralized zones. These showings appear to line up into three sub-parallel horizons trending northeast along the regional geological strike. From northwest to southeast they include the River Zone (River Showing and River Showing SW Extension), the "D" trend (Area D, Garvey Zone, Miron Vein, and extending to the southwest onto Laurion's Sturgeon River property as the Tehya Zone) and the "A" trend (Area A, Area B, and extending southwest into the McLeod-Kennedy Zone on Laurion's Jubilee property, and into the A-2 Vein on Laurion's Sturgeon River property). It is estimated that the strike lengths of the "D" trend and the "A" trend on the Beaurox Property are approximately 1.5km, and combined with Laurion's other property holdings along the trends, that the potential strike lengths of the combined "D-Zone to Tehya" and "A Zone to A-2 vein" may each extend to over 2.7km.

Approximately 197 diamond drill holes totalling 20,836 metres have been completed on the Beaurox Property with most of these holes testing below surface exposures of mineralization and intersecting the zones less than 100 metres below surface.╩Drilling on the "A" Zone has been the most extensive with the deepest intersection of the mineralized zone at a depth of approximately 130 metres below surface. The majority of the drilling is on the "A" Zone, and it remains open along strike and down dip.

The Beardmore-Geraldton Gold Camp ("BGGC") has a production history of over 4.1 million ounces of gold, mined predominantly from high grade quartz vein systems. Laurion's Sturgeon River property holdings are composed of gold-silver bearing quartz veins hosted in ENE-WSW trending mineralized shear zones associated with volcanogenic sulphides within felsic to intermediate volcanics. These zones contain significant amounts of base metal sulphides, mainly sphalerite and chalcopyrite. Over the last two years, Laurion with their project manager GeoVector Management, have shifted their focus to these largely unexplored sequences of mineralized sericite and quartz rich shear zones, discovering a number of new gold and polymetallic zones along substantial strike lengths.