Laurion Mineral Exploration Inc. – initiating coverage – expanding gold resource through exploration and development

advanced stage exploration company with aims to become a short to

medium term gold producer.

• Holds a 100% interest in two principal properties; Bell Mountain

project, Nevada, USA and the Sturgeon River project, Ontario,

Canada.

• Bell Mountain currently has a NI 43-101 measured and indicated

resource estimate of 9.76 million tonnes at an average grade of 0.526

g/t Au and 17.63 g/t Ag, hosting 165,018 oz gold and 5.53 million oz

silver. The project also has an inferred resource of 29,550 oz gold and

0.87 million oz silver.

• Strong potential exists for further resource growth.

• The historical Sturgeon River mine produced some 73,439 oz of gold,

and 15,922 oz of silver from 1936 to 1942, and has an extensively

sampled surface stockpile containing 9,464 oz gold.

• Recently completed a flow through financing of $820,000. The

company has sufficient working capital for the remainder of 2011.

Based on the current cash position, we believe the company will need

to pursue an additional financing of up to $2.0 million in the next 6 – 12 months.

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