LME Laurion Mineral Exploration Inc

Laurion Mineral Exploration Inc. (TSX VENTURE: LME) ("Laurion") is making progress on advancing its gold properties in Canada and the USA.

"Laurion is well-funded to complete the next phases of drilling and exploration work on two significant projects - the Bell Mountain (Nevada) and Sturgeon River Project (Beardmore). Our goal is to advance these projects closer to near-term production by developing ounces for both the Sturgeon River and the Bell Mountain, on which value is built for our current and emerging investor base in both Canada and the USA," according to Laurion's President and CEO, Cynthia Le Sueur-Aquin.

Progress on Bell Mountain Project, Nevada

A NI 43-101 technical report has been filed on SEDAR for the Bell Mountain Project located in Nevada, confirming significant historical gold and silver resources. A comprehensive resource calculation (non NI 43-101 compliant) of 2.1 Mt @ 1.3 g/t gold and 37.6 g/t silver was reported on the Varga, Spurr, and Sphinx zones.

An RC (reverse circulation) drill program of 13,200 ft (4,023 m) will commence in early September with the focus on the zones which have the best potential to increase gold-silver resources in order to generate a NI 43-101 compliant resource estimate prior to year end.

Progress on six areas on the Sturgeon River Project

1. Marge Vein

Hole LME10-01 identified 20.20 g/t (0.59 oz/ton) gold over 0.36 m, from 39.18-39.54 m. With inclusion of weakly mineralized wall rock, the intersection was 5.55 g/t (0.16 oz/ton) over 1.32 m from 39.18-40.50 m. (Holes LME10-02 to 05 have assays pending).

2. HWY801 VMS (Volcanogenic massive sulfide) Shear Zone

Drill Hole LME10-07 intersected 4.3 m of visible zinc and copper mineralization within an apparent shear hosted highly deformed gold rich VMS deposit in felsic volcanics. Grab samples contained 57.20 g/t in quartz veins within this VMS shear zone. This zone is a priority target for a potential high volume, lower grade multi-metallic deposit. This is one of several anomalous zinc/copper areas. (Assays are pending for the 2 Holes (LME10-06 and 07).)

3. Shear No. 1 (South of the Sturgeon River Mine)

This is a newly discovered zone defined by a prospecting program carried out in June 2010. The quartz veins are sub-parallel and cross cut the schists. Pyrite, chalcopyrite, sphalerite and galena were observed within this zone. It has an 800 m VLF EM (very low frequency electromagnetic) anomaly to the south. This is also a priority target for shear hosted gold and possible gold rich VMS style deposits. (Assays of the June 2010 prospecting work are pending.)

4. Shear No. 2 Area (East of the Sturgeon River Mine)

This has quartz vein and sheared zinc/copper zones. There is a 1,000 m strike of a well defined linear zinc in soil (1970 survey) anomaly with an associated coincident, but more sporadic gold anomaly. (Assays of the June 2010 prospecting work are pending.)

5. Sturgeon Mine

The No. 3 Vein produced 73,322 ozs of Au and 15,929 ozs of Ag produced from 145,123 tons (0.513ozs/t) from the period 1936 to 1942. In 2010, No. 3 Vein was sampled and returned assays of 95 g/t and 51.6 g/t over a 30 cm vein width, confirming the historically reported high grade nature of this vein. There are 130,000 tons at 0.306 oz/t in reserves (historical estimate, non NI 43-101 compliant). The strike of the zone at the bottom of the workings (530 m) is more than double the strike mined at surface (200 m) indicating that the mineralized zones are diverging with depth.

6. Sturgeon Mine Waste Rock Pile (132,000 tons) Tailings Dam (145,000 tons)

A recent comprehensive sampling of the waste rock pile and tailings dam has been completed. (Assays are pending.) An economic feasibility assessment for extraction of the contained ounces of gold is to be undertaken. Historical work suggests the potential for approximately 11-12,000 oz of Au in of waste rock.

Note: The historical estimates indicated for both the Sturgeon River and the Bell Mountain above should not be relied upon. A qualified person has not done sufficient work to classify the historical estimates as current mineral resources or reserves and the Company is not treating the historical estimates as current mineral resources or reserves.

For further information on the Bell Mountain and Sturgeon River projects, please refer to prior press releases.

About Laurion Mineral Exploration Inc.

Laurion's focus is to be a near-term producer. Laurion's exploration horizons are focused primarily on gold with a secondary interest in base metals and PGEs with key interests in prospective mining properties located in Ontario and Nevada USA.

Laurion envisages the realization of shareholder value and wealth through monetization of its discoveries and assets.

This news release includes certain forward-looking statements concerning the future performance of Laurion's business, operations and financial performance and condition, as well as management's objectives, strategies, beliefs and intentions. Forward-looking statements are frequently identified by such words as "may", "will", "plan", "expect", "anticipate", "estimate", "intend" and similar words referring to future events and results. Forward-looking statements are based on the current opinions and expectations of management. All forward-looking information is inherently uncertain and subject to a variety of assumptions, risks and uncertainties, including the speculative nature of mineral exploration and development, fluctuating commodity prices, competitive risks and the availability of financing, as described in more detail in our recent securities filings available at www.sedar.com. Actual events or results may differ materially from those projected in the forward-looking statements and Laurion cautions against placing undue reliance thereon. Laurion and its management assume no obligation to revise or update these forward-looking statements.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Contacts: Laurion Mineral Exploration Inc. Cynthia Le Sueur-Aquin President 1-705-788-9186 1-705-788-9187 (FAX) www.laurion.ca