LOUNOR EXPLORATION INC. - Private placement



    Listing (TSXV = LO)

    ROUYN-NORANDA, QC, Oct. 29 /CNW Telbec/ - LOUNOR EXPLORATION INC. is
pleased to announce the negotiation of a private placement of CDN $30,000. The
private placement will be of 150,000 common shares at a price of $0.20 per
share. Each share is accompanied of one of a purchase warrant valid for a
period of 24 months. One 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. This placement is subject to the
approval of the regulatory authorities.

    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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