LOUNOR EXPLORATION INC. - Private placement



    Listing (TSXV: LO)

    ROUYN-NORANDA, QC, Nov. 12 /CNW Telbec/ - LOUNOR EXPLORATION INC. is
pleased to announce the closing of a private placement of CDN $135,000. The
private placement is for 540,000 flow-through shares at the price of $0.20 per
share and 135,000 common shares at a price of $0.20 per share. Each share is
accompanied by one half (1/2) of a warrant valid for a period of 24 months,
which represents 337,500 warrants. One whole warrant allows the subscriber to
purchase one (1) common share of the Company at a price of $0.27.
    Canaccord Capital Corporation will receive a 10% commission in cash and
65,000 warrants. Each Warrant allows the subscriber to purchase one (1) common
share of the Company at a price of $0.20 per share for a period of 12 months.
    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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