LAURION ANNOUNCES VOTING RESULTS FOR ITS ANNUAL AND SPECIAL MEETING OF SHAREHOLDERS

TORONTO, Nov. 16, 2023 /CNW/ - Laurion Mineral Exploration Inc. (TSXV: LME) (OTCPINK: LMEFF) ("LAURION" or the "Corporation") is pleased to announce the voting results of the Annual and Special Meeting of Shareholders of the Corporation that was held on November 15, 2023 (the "Meeting").

Election of Directors

Each of the nominees for election as directors listed in the Corporation's management information circular dated October 4, 2023 (the "Circular") were elected as directors of the Corporation for the ensuing year or until their successors are elected or appointed.

Other Items of Business Considered at the Meeting

Each of the following resolutions voted on at the Meeting were also passed:

• Fixing the number of directors of the Corporation (and the number of directors to be elected at the Meeting) at three.
• The reappointment of RSM LLP as auditors of the Corporation for the ensuing year and the authorization of the directors of the Corporation to fix their remuneration and the terms of their engagement.
• The approval, confirmation and ratification of the renewal of the Corporation's "rolling" stock option plan (the "SOP"), as such plan and such resolution are set forth in the Circular. The SOP remains subject to final TSX Venture Exchange approval.

For further details regarding the matters considered at the Meeting, please refer to the Circular, which can be found under the Corporation's profile on SEDAR+ at www.sedarplus.ca.

About LAURION

The Corporation is a junior mineral exploration and development company listed on the TSX Venture Exchange under the symbol LME and on the OTC under the symbol LMEFF. LAURION now has 263,346,102 outstanding shares of which approximately 80% are owned and controlled by Insiders who are eligible investors under the "Friends and Family" categories.

LAURION's emphasis is on the exploration and development of its flagship project, the 100% owned mid-stage 57 km² Ishkoday Project, and its gold-rich polymetallic mineralization.

Website: http://www.LAURION .ca

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Caution Regarding Forward-Looking Information

This press release contains forward-looking statements, which reflect the Corporation's current expectations regarding future events, including with respect to LAURION's business, operations and condition, and management's objectives, strategies, beliefs and intentions. The forward-looking statements involve risks and uncertainties. Actual events and future results, performance or achievements expressed or implied by such forward-looking statements could differ materially from those projected herein including as a result of a change in the trading price of the common shares of LAURION, the interpretation and actual results of current exploration activities, changes in project parameters as plans continue to be refined, future prices of gold and/or other metals, possible variations in grade or recovery rates, failure of equipment or processes to operate as anticipated, the failure of contracted parties to perform, labor disputes and other risks of the mining industry, delays in obtaining governmental approvals or financing or in the completion of exploration, as well as those factors disclosed in the Corporation's publicly filed documents. Investors should consult the Corporation's ongoing quarterly and annual filings, as well as any other additional documentation comprising the Corporation's public disclosure record, for additional information on risks and uncertainties relating to these forward-looking statements. The reader is cautioned not to rely on these forward-looking statements. Subject to applicable law, the Corporation disclaims any obligation to update these forward-looking statements.

NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICE PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THE CONTENT OF THIS NEWS RELEASE.

SOURCE Laurion Mineral Exploration Inc.

LAURION Mineral Exploration Inc., Cynthia Le Sueur-Aquin, President and CEO, Tel: [phone], Fax: [phone]; Steven Hunter, Investor Relations Consultant, Email: [email protected]