Laurion Mineral Exploration Inc. announces warrant extension application

    
    Laurion - Issued and Outstanding Common Shares - 66,043,683
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TORONTO, Oct. 30 /CNW/ - Laurion Mineral Exploration Inc. (TSXV: LME) (the "Corporation") is pleased to announce that an application has been made to the TSX Venture Exchange to extend the term of the warrants issued by the Corporation in connection with the private placement of flow-through and non-flow-through units conducted on November 16, 2007 (the "Warrants"). The warrants are scheduled to expire on November 16, 2009 and Corporation has applied to extend the expiration date to November 16, 2010. The Corporation also plans to reduce the exercise price of the Warrants in the near future, subject to the consent of the holders of the Warrants and any necessary corporate or regulatory approval.

About Laurion Mineral Exploration Inc.

Laurion is an exploration specialist company with key interests in highly prospective properties in Ontario. Laurion's primary exploration focus will be the identification of gold deposits; its exploration horizon will also encompass base metals and PGEs.

"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 news release includes certain forward-looking statements concerning the future performance of Laurion's 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 our 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 nor its management assumes any obligation to revise or update these forward-looking statements.

SOURCE Laurion Mineral Exploration Inc.

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, Jeanny So, Director of Operations, Email: jeanny@chfir.com, Tel: (416) 868-1079 x 225, Website: www.chfir.com; To receive Company press releases, please email jeanny@chfir.com and mention "Laurion News" on the subject line.

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Laurion Mineral Exploration Inc.

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