Lounor drills more gold at Harker



    Listing (TSXV = LO Frankfurt = LE2A)

    ROUYN-NORANDA, QC, Jan. 23 /CNW Telbec/ - LOUNOR EXPLORATION INC. reports
twenty-one (21) additional results from its Harker gold property, located in
Harker Twp in Timmins/Kirkland Lake area (Ontario).
    The Harker property is located 5 km south of the Destor Porcupine Fault
Zone (DPFZ) host of many important gold mines in the Timmins - Porcupine Gold
Mining Camp (over 65 millions ounces of gold). The Holt McDermot Mine (1.3
million ounces) and the Harker Halloway Mine (1.4 million ounces) are located
on the DPFZ about 5 km north -northeast of the property.
    The 48 holes completed by Lounor to date have intersected the mineralized
zones. The results of the program have proven the gold zone to be over 425
metres in strike length and to a vertical depth of 100 metres. It is open to
the east, to the west and at depth. Results from the first 22 holes have been
released: Press releases dated February 5, 2008, April 14, 2008, April 25,
2008, May 2, 2008, May 12, 2008, July 30, 2008, August 25, 2008 and January 9,
2009, with results from the most recent holes reported below. Results from
another 5 holes are pending.

    
    Hole No.              From         To        Interval           Gold
    --------              ----         --        --------           ----
                            (m)        (m)      (m)    (ft)     (g/t)  (oz/t)

    Hole No. 23           80.30      84.62    4.32   14.17      1.52   0.053
    Hole No. 24  Many values below 200 ppb.
    Hole No. 25  Many values below 200 ppb.
    Hole No. 26           52.97      54.67    2.70    8.86     1.375   0.048
    Hole No. 27           56.76      60.00    3.24   10.63     0.461   0.016
    Hole No. 28           47.37      48.54    1.17    3.83      1.55   0.055
    Hole No. 29  Zone 1   59.57      60.63    0.66    2.16      2.30   0.081
                 Zone 2   64.50      67.09    2.59    8.50      2.05   0.072
    Hole No. 30  Zone 1   68.22      69.36    1.24    4.07       3.1   0.109
                 Zone 2   76.77      78.77    2.00    6.56       2.7   0.095
    Hole No. 31  Zone 1  113.56     114.34    1.00    3.28       5.4   0.190
                 Zone 2  118.10     123.67    5.57   18.27      2.62   0.092
    Hole No. 32           64.45      67.36    2.91    9.55      0.82   0.029
    Hole No. 33           79.14      79.85    0.71    2.33      4.80   0.169
    Hole No. 34  Zone 1   108.7     109.27    0.57    1.87       6.5   0.229
                 Zone 2  114.41      118.2    3.80   12.47      1.25   0.044
    Hole No. 35     Many gold values below 500 ppb.
    Hole No. 36           74.00      77.21    3.21   10.53      0.80   0.028
    Hole No. 37  Zone 1  106.54     107.80    1.26    4.13       1.4   0.049
                 Zone 2  111.93     113.12    1.19    3.90       1.5   0.053
    Hole No. 38     Many gold values below 500 ppb.
    Hole No. 39     Many gold values below 500 ppb.
    Hole No. 40           115.8     120.98    5.17   16.96       1.3   0.046
    Hole No. 41           71.19      73.87    2.67    8.76       2.2   0.078
    Hole No. 42          100.35     100.70    0.25    0.82       6.9   0.243
    Hole No. 43  Zone 1  140.78     141.25    1.53    5.02       2.4   0.084
                       And many gold values below 500ppb.
                 Zone 2  141.97     143.85    1.88    6.17       2.0   0.070
    

    To date, the 48 holes drilled have intersected the structure containing
the mineralized zones. The continuity of the structure and the gold zones
contained herein are an important feature of the mineralization in the Harker
area.
    The success has prompted the management of the Company to continue the
diamond drilling program. One diamond drill is actively drilling on the
property to prove the gold zone to the west and east on 25 X 50 meter spacing.
Channel sampling of the surface exposure of the vein is completed and has been
evaluated.

    Grant of Stock Options
    ----------------------

    Lounor Exploration Inc. is also pleased to announce that the Company has
granted 510,000 new stock options to directors, officers and consultants of
the Company, which can be exercised at a price of $0.20 per share expiring on
January 23, 2011. Having renewed Mr. Patry's investor relations contract, he
will receive 200,000 stock options at a price of $0.30 expiring on January 23,
2010.

    FORWARD-LOOKING STATEMENTS: Except for statements of historical facts,
all statements in this news release, including, without limitation, statements
regarding forecasts, plans and objectives of Lounor Exploration Inc., are
forward-looking statements that involve various risks and uncertainties. There
can be no assurance that such statements will prove to be accurate; actual
results and future events could differ materially from those anticipated in
such statements.

    Christian Dupont, P. Eng., is the qualified person responsible of the
information contained in this release.

    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. and the TSX
    Venture has not reviewed and does not accept responsibility for the
    adequacy or accuracy of this release.
    %SEDAR: 00008670EF




For further information:

For further information: Mr. Gilles Fiset, President, 1-800-388-8668,
(819) 797-8668, Fax: (819) 797-6050; Leo Patry, Investor Relations,
1-888-974-1276 or (514) 951-0250, leo.patry@hotmail.com, www.lounor.com

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