Laurion Mineral Exploration and Geoinformatics Exploration Announce Assay Results From Midlothian Project in Ontario



    TORONTO, Aug. 13 /CNW/ - Laurion Mineral Exploration Inc. (TSXV: LME)
("Laurion") and Geoinformatics Exploration Inc. ("Geoinformatics") (TSXV: GXL)
are pleased to announce the assay results from the first drill hole on the
Midlothian Project located in Ontario. The Midlothian Project is one of
several projects under a strategic alliance agreement between Laurion and
Geoinformatics whereby Laurion is funding the exploration of grassroots
targets, generated by Geoinformatics, to earn a 51% interest.

    
    Highlights

    -   The first hole returned 348.8 metres grading 0.26% nickel(*) and
        0.22% chrome.

    -   Nickel content is increasing down-hole with the end-of-hole assay
        returning 0.30% nickel.

    -   Assays pending on 2 additional holes.

    (*) Note - no sulphide mineralization was identified in the drill core.
        The high nickel content is interpreted to be from a combination of
        nickel in carbonate, oxide and silicate minerals and is presented
        here as evidence of nickel bearing rocks that provides encouragement
        for exploration targeting on the project. Further mineralogical
        analysis is underway.
    

    President and CEO of Laurion, Cynthia Le Sueur-Aquin commented, "We are
intrigued with the unusually high nickel content in non-sulphide minerals in
this first hole at Midlothian. These assay results are exciting as they
indicate elevated nickel over a wide width which increases downhole. We intend
to follow up this work with further analysis, modeling and targeting for
economic mineralization."

    Drill Hole DDLM_08_01

    Drill hole DDLM_08_01 was drilled to target a 3km long by 1km wide
electromagnetic and magnetic geophysical anomaly at Midlothian. The hole
intersected mainly serpentinized dunite and peridotite phases (ultramafic
rocks that are typical hosts for nickel sulphide deposits elsewhere around the
world). The rock in the drill core is highly fractured and veined with an
intense predominance of talc-carbonate, chrysotile and occasional magnetite
vein minerals. The hole was assayed using both 4-acid ICP analysis and aqua
regia analysis. The 4-acid analysis is to assay for total nickel content
including nickel in silicates, whereas the aqua regia analysis is used in
order to quantify the influence of nickel sourced from other mineral phases
such as carbonate, oxide and sulphide phases (although this assay method may
also involve some contribution from nickel in silicate minerals).
    The down-hole results for aqua regia are presented in Table 1 below and
graphed in Figure 1. As can be seen from Figure 1, the nickel content is
gradually increasing down the hole which indicates the possibility that nickel
sulphides may have formed further at depth. No sulphide minerals were observed
and analysis of the core is continuing to identify the predominant host
minerals of the nickel. No significant copper or platinum group elements were
intersected in the drilling.

    
                         Table 1. Drill Hole Intercepts
           --------------------------------------------------------
            Hole           From       To         Nickel     Chrome
                            (m)       (m)         (%)         (%)
           --------------------------------------------------------
            DDLM_08_01     52.0      400.8       0.26%       0.22
           --------------------------------------------------------
    

    All assays based on average 3 metre composites from half drill core and
prepared by Swastika Laboratories Ltd, Swastika, Ontario and assayed for gold,
platinum and palladium using fire assay; and then sent to Assays Canada
Laboratory in Vancouver for Aqua Regia ICP and selected 4 Acid Digest.
Intercepts calculated using 0.1% nickel cut-off and no internal dilution
factors. Nickel results reported are the Aqua Regia assays. The 4-acid digest
assays average approximately 0.04% nickel higher than the Aqua Regia results.
Typically 4-acid digest is used to estimate the total nickel content of the
rock; whereas the aqua regia estimates the nickel in carbonates, oxides and
sulphide minerals.
    Field blanks, duplicates and standards were inserted to monitor
laboratory performance. In addition 10 samples were selected for re-assay.

    See figure 1 at:
    http://files.newswire.ca/742/LaurionAug12.pdf

    Midlothian Project

    The Midlothian Project is located approximately 30 km west of Matachewan
in Ontario and is subject to a strategic alliance agreement between
Geoinformatics and Laurion. In the recent drill campaign, 3 drill holes were
completed at Midlothian to test different geophysical and geological targets
(Figure 2).

    See figure 2 at:
    http://files.newswire.ca/742/LaurionAug12.pdf

    
        Table 2. Drill hole details (all coordinates in NAD83 UTM Zone 17)
        ------------------------------------------------------------------
                                                  Depth
                  Hole       Easting   Northing    (m)   Azimuth  Dip
        ------------------------------------------------------------------
               DDLM_08_01    499194    5303257    400.8    180    -50
        ------------------------------------------------------------------
               DDLM_08_02    499725    5304118    286.5    170    -45
        ------------------------------------------------------------------
               DDLM_08_03    499000    5304418    399.3    180    -45
        ------------------------------------------------------------------
    

    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.

    Geoinformatics Exploration Inc. is a North American focused exploration
company that has recent discoveries in Mexico and British Columbia, along with
the large Whistler Project in Alaska with a multimillion ounce gold resource.
    Qualified Person: The technical content of this release has been reviewed
by Darren Holden, Chief Operating Officer of Geoinformatics Exploration Inc
and is based on information compiled by Geoinformatics project geologists. Mr.
Holden is a Member of the Australasian Institute of Mining and Metallurgy and
is a Qualified Person as defined by National Instrument 43-101.

    This news release includes certain forward-looking statements concerning
the future performance of Laurion's and Geoinformatics' business, operations
and financial performance and condition, as well as management's objectives,
strategies, beliefs and intentions.
    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 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. Neither Laurion,, Geoinformatics nor their management assumes any
obligation to revise or update these forward-looking statements.

    The TSX Venture Exchange 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 (Laurion), Jacqueline Wagenaar, Account
Manager, jacqueline@chfir.com, Tel: (416) 868-1079 x 289, Website:
www.chfir.com; Geoinformatics Exploration Inc., Darren Holden - Chief
Operating Officer, darrenh@geoinformex.com, Tel: (604) 605-3073 ext 105,
Website: www.geoinformex.com

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Laurion Mineral Exploration Inc.

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