LAURION Provides Update On Annual And Special Meeting

TORONTO, ONTARIO (May 15, 2020) – Laurion Mineral Exploration Inc. (TSX.V: LME and OTCPINK: LMEFF) (“LAURION” or the “Corporation”) announces that, as a result of ongoing concerns related to the spread of COVID-19, and in order to enable greater participation of its shareholders and a better forum for communication, the Corporation has decided to hold its annual and special meeting of shareholders (the “Meeting”) on September 17, 2020.

 

In light of the foregoing, and in accordance with Ontario Instrument 51-504 Temporary Exemptions from Certain equirements to File or Send Securityholder Materials of the Ontario Securities Commission, LAURION will be delaying the filing of its executive compensation disclosure until the filing of its management information circular in connection with the Meeting (the “Circular”).

 

Further information related to the Meeting will be included in the Circular, which will be made available on SEDAR at www.sedar.com closer to the date of the Meeting.

 

The Company will continue to monitor conditions in light of COVID-19 and the changing expectations and restrictions on the number of people who can safely congregate, and reserves the ability to alter the format and conduct of this year’s Meeting based on changing conditions.

 

About LAURION Mineral Exploration Inc.

 

The Corporation is a junior mineral exploration and development company listed on the TSX-V under the symbol LME and on the OTCPINK under the symbol LMEFF. LAURION now has 181,125,977 outstanding shares of which approximately 59% are owned and controlled by Insiders who are eligible investors under the “Friends and Family” categories.

 

LAURION's emphasis is on the development of its flagship project, the 100% owned mid-stage 47 km2 Ishkoday Project, and its gold-silver and gold-rich polymetallic mineralization with a significant upside potential. Ishkoday has a project-wide

database (2008 to 2019) that includes 307 diamond drill holes totaling 48,879 m, geological mapping, ground and airborne geophysics, and 21,800 individual samples with assays and geochemical analysis. The mineralization on Ishkoday is open at depth beyond the current core-drilling limit of -200 m from surface, based on the historical mining to a -685 m depth, in the past producing Sturgeon River Mine. The recently acquired Brenbar Property, which is contiguous with the Ishkoday Property, hosts the historic Brenbar Mine and LAURION believes that the mineralization to be a direct extension of mineralization from the Ishkoday Property.