Laurion Mineral Exploration Inc. announces amendment to press release dated April 3, 2007



    Issued and Outstanding 32,445,776 Common Shares

    TORONTO, June 11 /CNW/ - Laurion Mineral Exploration Inc. (TSXV: LME)
("Laurion") hereby announces that it has entered into a letter of amendment
("Letter of Amendment") with Geoinformatics Exploration Inc. (TSXV: GXL)
("Geoinformatics") amending the strategic alliance agreement (the "Original
Agreement") between Laurion and Geoinformatics announced by press release
dated April 3, 2007 (the "Original Press Release").
    The Letter of Amendment amends the Original Agreement as follows (all
terms that are undefined in this press release have the meaning ascribed to
them in the Original Press Release):

    
    -   Pursuant to the Original Agreement, the Access Fee was payable by
        Laurion to Geoinformatics upon notice by Geoinformatics of its
        acquisition of the initial mineral rights to the first Alliance
        Target selected by Laurion. The Letter of Amendment provides that the
        Access Fee is payable by Laurion to Geoinformatics on the later of
        15 business days following the TSX Venture Exchange's approval of the
        Laurion/GXL Agreement and 15 business days after Laurion is notified
        by Geoinformatics that it has attained an ownership interest in the
        first Alliance Target.

    -   Pursuant to the Original Agreement, the Project Access Unit,
        consisting of one common share in the capital of Laurion (each a
        "LME Share") and one-half of one common share purchase warrant (each
        whole warrant, a "Project Access Warrant"), had a deemed issuance
        price of $0.10 per Project Access Unit. The Letter of Amendment
        provides that the Project Access Unit has an issuance price equal to
        the greater of $0.10 per Project Access Unit or its "Discounted
        Market Price" as defined in Policy 1.1 of the TSXV Corporate Finance
        Manual.

    -   Pursuant to the Original Agreement, each Project Access Warrant
        underlying the Project Access Unit, was exercisable into one LAG
        Share upon payment of $0.10 per share. The Letter of Amendment
        provides that the Project Access Warrant is exercisable into one LAG
        Share at an exercise price equal to the greater of $0.10 per LAG
        Share or its "Discounted Market Price" as defined under Policy 1.1 of
        the TSXV Corporate Finance Manual.
    

    Laurion would also like to correct a typographical error in the Original
Press Release. The Original Press Release stated that the Project Warrant was
exercisable for a three year period from its date of issuance, however it is
exercisable for a two year period from its date of issuance.

    Laurion Mineral Exploration Inc. is an early stage exploration specialist
company with projects in Timmins, 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: Cynthia Le Sueur-Aquin, President, Laurion
Mineral Exploration Inc., Tel: (705) 788-9186, Fax: (705) 788-9187, Website:
www.laurion.ca; Barry Leung, Broker Relations Account Manager, CHF Investor
Relations, Tel: (416) 868-1079, Email: barry@chfir.com; Kelly Cody, Associate
Account Manager, CHF Investor Relations, Tel: (416) 868-1079, Email:
kelly@chfir.com

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Laurion Mineral Exploration Inc.

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