Laurion Increases Size of Private Placement to a Maximum of $1,250,000

Laurion Mineral Exploration Inc. (TSX VENTURE:LME)(OTCQX:LMEFF) ("Laurion" or
the "Corporation") announces that it will increase the size of its previously
announced non-brokered private placement up to $1,250,000 (the "Offering") from
$750,000, by issuing up to 12,500,000 flow-through units (each a "Unit") rather
than 7,500,000 Units. As previously announced, each Unit will be issued at a
price of $0.10. 


Closing of the Offering (the "Closing") is expected to take place on or about
July 7, 2011.


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 holders thereof to purchase, for a period of 24
months (the "Term") from the Closing of the Offering, 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. 


Unless otherwise mutually agreed upon by, the Corporation shall pay a cash
commission equal to 7% of the gross proceeds of the Offering and shall issue
that number of options (each a "Finder's Option") as is equal to 7% 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 securities issued in connection with the Offering shall be subject to resale
restrictions for a period of four months and one day from the date of issuance,
and the Offering, as increased in size, 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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