LOUNOR - ANNUAL MEETING

Listing (TSXV = LO Frankfurt = LE2A)

ROUYN-NORANDA, QC, Oct. 18 /CNW Telbec/ - LOUNOR EXPLORATION INC. announces that following the Annual and Special Meeting of Shareholders held on September 30, 2010, the following directors have been re-elected: Gilles Fiset, Rodrigue Tremblay, Michel Hertel, Albert Campbell and Bertrand Brassard.

The accounting firm of Dallaire & Lapointe Inc. has been re-appointed as auditors. Lounor also announces that the shareholders of the Company have approved the modification to the stock option plan increasing the number of stock options that can be granted in accordance with the stock option plan of the Company, from 3,300,000 to 5,000,000.

Subsequently to the Annual and Special Meeting, the Board of Directors of the Company held a Director's meeting and has appointed the following officers: Gilles Fiset, President and Chief Executive Officer and Rodrigue Tremblay, Chief Financial Officer.

The Audit Committee of the Company will be composed of the following directors: Rodrigue Tremblay, Albert Campbell and Michel Hertel.

LOUNOR EXPLORATION INC. is a publicly traded company on the TSX-Venture (TSXV-LO) and on the Frankfurt Exchange (LE2A).

This press release was prepared by Lounor Exploration Inc. Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

This document may contain forward-looking statements relating to Lounor's operations or to the environment in which it operates. Such statements are based on operations, estimates, forecasts and projections. They are not guarantees of future performance and involve risks and uncertainties that are difficult to predict and may be beyond Lounor's control. A number of important factors could cause actual outcomes and results to differ materially from those expressed in forward-looking statements, including those set forth in other public filling. In addition, such statements relate to the date on which they are made. Consequently, undue reliance should not be placed on such forward-looking statements. Lounor disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, save and except as may be required by applicable securities laws.

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