Lounor Exploration Inc. - Private placement



    Listing (TSXV = LO  Frankfurt = LE2A)

    ROUYN-NORANDA, QC, July 21 /CNW Telbec/ - LOUNOR EXPLORATION INC. is
pleased to announce the closing of a private placement of CDN $531,000.

    The placement
    -------------

    $100,000 in common shares representing 555,556 common shares at a price
of $0.18 per share and each share is accompanied of one purchase warrant
allowing to subscribe to one common share of the Company at a price of
$0.24 per share, valid for a period of 24 months.
    $431,000 in flow-through shares representing 1,959,096 flow-through
shares at a price of $0.22 per share and each share is accompanied of one
purchase warrant allowing to subscribe to one common share of the Company at a
price of $0.30 per share, valid for a period of 24 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) and on the Frankfurt Exchange (LE2A).

    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; Leo Patry, Investor Relations,
1-888-974-1276, (514) 951-0250, leo.patry@hotmail.com; www.lounor.com

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Lounor Exploration Inc.

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