Lounor Exploration Inc. - Private Placement



    ROUYN-NORANDA, QC, Aug. 21 /CNW Telbec/ - LOUNOR EXPLORATION INC. is
pleased to announce the closing of a private placement for a maximum amount of
CDN $265,000.

    
    The placement
    -------------
    
    $40,000 in common shares representing 333,335 common shares at a price of
$0.12 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 $0.15 per share,
valid for a period of 24 months.
    $225,000 in flow-through shares representing 1,875,000 flow-through
shares at a price of $0.12 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 $0.15 per share, valid for a period of 24 months.
    The securities that will be issued at the closing of this private
placement will be subject to a hold period of four months and one day from
closing. This placement is subject to the approval of the regulatory
authorities.

    Lounor Exploration Inc. is a public listed company trading on the TSX
Venture Exchange (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.
    

    This document may contain forward-looking statements relating to Lounor's
operations or to the environment in which it operates. Such statements are
based on operations, estimates, forecasts and projections. They are not
guarantees of future performance and involve risks and uncertainties that are
difficult to predict and may be beyond Lounor's control. A number of important
factors could cause actual outcomes and results to differ materially from
those expressed in forward-looking statements, including those set forth in
other public filling. In addition, such statements relate to the date on which
they are made. Consequently, undue reliance should not placed on such
forward-looking statements. Lounor disclaims any intention or obligation to
update or revise any forward-looking statements, whether as a result of new
information, future events or otherwise, save and except as may be required by
applicable securities laws.
    %SEDAR: 00008670EF




For further information:

For further information: Mr. Gilles Fiset, President, 1-800-388-8668,
(819) 797-8668, Fax: (819) 797-6050; Léo 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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