LOUNOR EXPLORATION INC. - Private placement



    Listing (TSXV = LO)

    ROUYN-NORANDA, QC, Oct. 23 /CNW Telbec/ - LOUNOR EXPLORATION INC. is
pleased to announce the closing of a private placement of CDN $50,000 with a
director. The private placement is for 200,000 flow-through shares at the
price of $0.20 per share and 50,000 common shares at a price of
$0.20 per share. Each share is accompanied of one half of a purchase warrant
valid for a period of 24 months, which represents 125,000 warrants. One whole
warrant allows the subscriber to purchase one common share of the Company at a
price of $0.27 per share.
    The securities issued pursuant to this private placement are subject to a
hold period of four months from closing.

    LOUNOR EXPLORATION INC. is a publicly traded company on the
TSX-Venture (TSXV-LO).

    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

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Lounor Exploration Inc.

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