Laurion Mineral Exploration Inc. announced a non-brokered private placement of up to approximately 4,821,429 flow-through shares at a price of CAD 0.56 per share for the approximately gross proceeds of up to CAD 2.7 million on October 27, 2023. Each flow-through share will be a common share of the company. In connection with the private placement, the company may pay finders?

fees in the form of cash commissions and the issuance of common shares in the capital of the company. The closing of the transaction, as well as the payment of finders? fees in connection therewith, are subject to the final approval of the TSX Venture Exchange and subject to receipt of all necessary regulatory approvals.

The transaction is expected to close on or about October 31, 2023. All securities issued pursuant to the private placement will be subject to, among other things, a hold period of four months and one day in accordance with applicable Canadian securities laws.