LOUNOR EXPLORATION INC. - Private placement



    Listing (TSXV = LO)

    ROUYN-NORANDA, QC, Nov. 7 /CNW Telbec/ - LOUNOR EXPLORATION INC. is
pleased to announce the closing of a private placement of CDN $400,000. The
private placement is for 1,545,600 flow-through shares at the price of
$0.22 per share and 272,582 common shares at a price of $0.22 per share.
    Canaccord Capital Corporation will receive a 6% commission in cash and
45,000 warrants. An agent will receive a 4% commission in cash and
30,000 warrants. These warrants are valid for a period of 12 months. Each
Warrant allows the subscriber to purchase one (1) common share of the Company
at a price of $0.22.
    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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