Laurion Announces Settlement of Litigation Claims with Substantial Costs



    Issued and Outstanding 34,445,776 Common Shares

    TORONTO, Sept. 13 /CNW/ - Laurion Mineral Exploration Inc. ("Laurion") is
pleased to announce that today a Judge of the Ontario Superior Court of
Justice in Toronto signed a judgment (the "Judgment") dismissing all of the
claims made by Robert Norcott (formerly the president and director of the
Corporation), Joan Norcott, William Norcott and 1326725 Ontario Limited
(collectively, the "Plaintiffs"), in their action (the "Action") against
Laurion and certain of its directors, namely Cynthia Le Sueur-Aquin, Michael
Bourassa, Gerard Lanthier and Terrence Byberg (collectively, the
"Defendants"). The Judgment requires the Plaintiffs to forthwith pay Laurion
costs in the amount of $70,000. In making his ruling on costs the Judge said,
"It should have been obvious to the plaintiffs - long ago - that this action
had no merit" and "proceeding with this action after the admissions (made by
the Plaintiffs) can be considered to be, and I so find it to be frivolous".
    In the Action, which was commenced by statement of claim dated
December 23, 2003, the Plaintiffs claimed damages in the aggregate amount of
$30,000,000 and requested, among other things: (i) injunctive relief
preventing the issuance of further shares by Laurion, (ii) an accounting of
all shares issued by Laurion, (iii) an order preventing and setting aside the
issuance of stock options to the directors of Laurion, (iv) an order
appointing a receiver to report to the Court on the management of Laurion and,
(v) an order removing the board of directors that was elected at the
shareholders' meeting held in April 2003 (collectively, the "Claims"). As
stated above, all Claims were dismissed.
    Cynthia Le Sueur-Aquin, President of Laurion and a Defendant, stated:
"We, as a company and a board, are very pleased with the dismissal of these
claims. These claims have always been viewed by us as without merit and the
Ontario Superior Court has agreed with us in awarding costs. We look forward
to putting this action behind us and focusing on developing Laurion's
resources and creating additional corporate opportunities."

    Laurion Mineral Exploration Inc. is an early stage exploration specialist
company with projects in Ontario. Laurion's exploration horizons encompass not
only gold, but also base metals and PGE's.

    The TSX Venture Exchange has neither approved nor disapproved the
    information contained herein and does not accept responsibility for the
    adequacy or accuracy of this release.

    %SEDAR: 00008590E




For further information:

For further information: Laurion Mineral Exploration Inc., Cynthia Le
Sueur-Aquin, President, Tel: (705) 788-9186, Fax: (705) 788-9187, Website:
www.laurion.ca; CHF Investor Relations, www.chfir.com, Cathy Hume, CEO,
cathy@chfir.com; Barry Leung, Broker Relations Account Manager,
barry@chfir.com, Tel: (416) 868-1079

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Laurion Mineral Exploration Inc.

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