LOUNOR EXPLORATION INC. - Private placement



    Listing (TSXV = LO)

    ROUYN-NORANDA, QC, Jan. 3 /CNW Telbec/ - LOUNOR EXPLORATION INC. is
pleased to announce the closing of a private placement of a maximum of
CDN $80,000. The private placement will be for 360,000 flow-through shares at
the price of $0.20 per share and 40,000 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 200,000 warrants. One whole warrant
allows the subscriber to purchase one (1) common share of the Company at a
price of $0.27.
    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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