Laurion Announces Proposed Private Placement

Laurion Mineral Exploration Inc. (TSX VENTURE:LME)(OTCQX:LMEFF) ("Laurion" or
the "Corporation") is pleased to announce a proposed non-brokered private
placement (the "Offering") of up to 7,500,000 flow-through units (each a "Unit")
at a price of $0.10 per Unit for aggregate gross proceeds of up to $750,000. 


Each Unit shall consist of: (i) one common share of Laurion (each a " FT
Share"), which will qualify as a flow-through share pursuant to the Income Tax
Act (Canada); and (ii) one common share purchase warrant (each a "Warrant").
Each whole Warrant shall entitle the holder thereof to purchase, for a period of
24 months (the "Term") from the closing of the Offering (the "Closing"), one
common share of Laurion issued on a non-flow through basis (each a "Common
Share") upon payment of $0.16 in the first year of the Term or $0.18 in the
second year thereof. The Closing is expected to take place on or about June 30,
2011.


The Corporation shall pay a cash commission equal to 6% of the gross proceeds of
the Offering and shall issue that number of options (each a "Finder's Option")
as is equal to 10% of the aggregate number of Units sold pursuant to the
Offering. Each Finder's Option shall entitle the finder to purchase one Unit
(issued on a non flow-through basis) at an exercise price of $0.10 per Unit
(with each Unit in turn consisting of a Common Share and a Warrant exercisable
on the same terms as the Warrants described above) for a period of 24 months
from the Closing. 


The FT Shares, Common Shares and Warrants shall be subject to resale
restrictions for a period of four months and one day from the date of issuance,
and the Offering remains subject to the approval of the TSX Venture Exchange.


Laurion intends to use the proceeds of the Offering to finance the drilling,
exploration and development of its Sturgeon River property.


About Laurion Minerals Exploration Inc.

The Corporation's focus is to make the transition from explorer to producer and
envisages the realization of shareholder value and wealth through monetization
of its discoveries and assets. 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, Canada and
Nevada, USA.


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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