First of Six Drill Holes-LME10-08 Demonstrates Positive Results of 17.50 g/t Gold over 0.50, 9.67 g/t Gold over 0.74 m and 7.05

Laurion Mineral Exploration Inc. (TSX VENTURE:LME)(OTCQX:LMEFF) ("Laurion") is
pleased to announce that the Corporation has finished its first phase of the
deep drilling program on the Sturgeon River Mine area, shutting down the drill
on January 7th, 2011.


Commenting on the recent drill results, Cynthia Le Sueur-Aquin, President of
Laurion Mineral Exploration Inc. stated, "Laurion is pleased with the initial
drill intersections, and is confident that further results will verify the
existence of mineral resources."


To date Laurion has received assays for the first hole in the program
(LME10-08). This hole is designed to intersect the No. 3 Vein approximately 130
meters south of the shaft location which is centered on the near vertical
mineralized shoot. Multiple zones of mineralization were encountered in the hole
with significant zones tabled below.




----------------------------------------------------------------------------
                                                                            
Hole LME10-08 Gold Intersections                                            
----------------------------------------------------------------------------
                 Down Hole Depth                                            
--------------------------------                                            
                  From        To    Interval     Au g/t                 Zone
----------------------------------------------------------------------------
                133.50    134.00        0.50       1.09           New Zone 1
----------------------------------------------------------------------------
                257.40    259.00        1.60       0.48           New Zone 2
----------------------------------------------------------------------------
                273.01    274.87        1.86       0.42           New Zone 3
----------------------------------------------------------------------------
                304.50    358.18       53.68       0.27      Wide Shear Zone
----------------------------------------------------------------------------
incl.           327.27    330.37        3.10       3.69           New Zone 4
----------------------------------------------------------------------------
incl.           329.37    329.87        0.50      17.50                     
----------------------------------------------------------------------------
incl.           356.00    358.18        2.18       0.85           New Zone 5
----------------------------------------------------------------------------
                375.32    376.06        0.74       1.49           New Zone 6
----------------------------------------------------------------------------
                568.00    568.85        0.85       4.01              10 Vein
----------------------------------------------------------------------------
                669.90    670.40        0.50       7.05               M vein
----------------------------------------------------------------------------
                761.08    761.82        0.74       9.67   3 vein (Main Zone)
----------------------------------------------------------------------------
                823.50    824.00        0.50       2.90              3b Vein
----------------------------------------------------------------------------
                871.50    874.00        2.50       0.74           New Zone 7
----------------------------------------------------------------------------



The No. 10 and M Veins are sub-parallel in strike and dip to the No. 3 Vein
based on geological maps from the mine workings. They are known to intersect
each other in the mine workings. They were intersected in LME10-08 as predicted
based on the dips and strikes derived from the mine plans and projected with 3D
modeling (Gemcom). These veins represent the primary target for potential
mineral resources. 


The Wide Shear Zone was intersected up-hole from the mine workings, and these
zones were unknown to the previous miners. The Wide Shear Zone has been
intersected in subsequent drill holes (LME10-09 and LME 10-10) that are awaiting
assays. These zones represent addition potential for mineral resources that were
not anticipated prior to the drilling campaign. 


The Sturgeon River Mine produced historically reported 73,322 ounces of gold and
15,929 ounces of silver from 145,123 tons taken primarily from No. 3 Vein during
1936 to 1942. The shaft was sunk to a depth of 2,100 ft. (640 m) with
development and to the 1,750 ft. level (530 m). Mining occurred mostly above the
1425 ft. level. In 1942 the mine had a reported ore reserve estimate blocked out
by drifting and raising that yielded high grade reserves of 130,680 tons with an
average grade of 0.306 ounces of gold per ton (10.5 g/t) This estimate does not
conform to the current National Instrument 43-101 standards, and should not be
relied upon.


Detailed mine plans, cross sections and long sections indicate where the
Sturgeon River mineralization occurs in and below the workings and this
information was used to target drill holes to ascertain whether the ore
structures continued at depth. Holes were designed to intersect the No. 3 Vein
at or below the level of the bottom of the shaft, and to intersect other known
sub-parallel gold bearing structures. This work will help verify whether
mineralization below the shaft, estimated by D.E. McBride (P.Eng) in 1986 as an
additional 400,000 tons at 0.15 ounces per ton of gold (5.14 g/t), could be
there (non 43-101 estimate). McBride had indicated in his report that no
exploration had ever been carried out down plunge of the main No.3 mineralized
shoot, and he recommended exploration down to the 3600 ft. level (1100 m).
Laurion's program is considered a first phase of delineating that mineralization
for possible 43-101 resource estimation.


All sampling from the 2010 programs were delivered by GeoVector Management Inc.
personnel to the Activation Laboratories ("Actlabs") facility in Thunder Bay
and/or Geraldton. Actlabs is an ISO/IEC 17025 accredited analytical laboratory.
Analysis for gold was by fire assay with AA finish, followed by fire assay with
gravimetric finish for samples over 3 g/t Au. Samples were also treated with a
multi-acid ICP process, and base metal values over detection limit were treated
to ore grade base metal assays. Analytical accuracy and precision are monitored
at the laboratory by the analysis of reagent blanks, reference material and
replicate samples. Quality control is further assured by the use of
international and in-house standards. GeoVector also routinely inserted blanks
and certified standards into the sample stream in order to independently assess
analytical accuracy. All certified standard assays were within acceptable
limits.


The technical information contained in this news release has been verified by
Joe Campbell, P. Geo., consulting geologist with GeoVector Management Inc. Mr
Campbell is the project manager for Laurion's Sturgeon River project and he is a
Qualified Person as defined in "National Instrument 43-101, Standards of
Disclosure for Mineral Properties."


About Laurion Mineral Exploration Inc.

Laurion's focus is to make the transition from explorer to 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. Such statements include, but are not limited to, statements
concerning the approval of Laurion's application to trade its common shares over
the facilities of the OTCQX and the commencement of such trading.
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.
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