Laurion Completes Transaction With James E. Bond II and Russell P. Renner, Acquiring 13 Mining Claims Contiguous to the Sturgeon

Laurion Mineral Exploration Inc. (TSX VENTURE:LME)(OTCQX:LMEFF) ("Laurion" or
the "Corporation") issued a press release on February 24th, 2011, announcing
that it had entered into a letter of intent with James E. Bond II and Russell P.
Renner (collectively, "Bond and Renner"), whereby Laurion would acquire an
undivided 100% interest in 13 mining claims totaling 179 units and primarily
located in Pifher Township of the province of Ontario, contiguous to the
Corporation's Sturgeon River property.


Laurion is pleased to announce that it has received all necessary corporate and
regulatory approvals with respect to the above transaction with Bond and Renner,
and confirms that the transaction has now closed. 


About Laurion Minerals Exploration Inc.

The Corporation's focus is to make the transition from explorer to near-term
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 and Churchill
County, 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 Laurion's acquisition of the property from Bond and Renner as
described above. 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.

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