TORONTO, May 7, 2012 /CNW/ - Laurion Mineral Exploration Inc. (TSX-V: LME) and (OTCQX: LMEFF) ("Laurion" or the "Corporation") issued a press release on April 17, 2012, announcing that it had executed a definitive agreement with Beaurox Mines Limited ("Beaurox"), whereby the Corporation received the option to acquire up to a 100% interest in 30 mining leases, covering an area of 447.35 hectares (the "Beaurox Property"). Laurion is pleased to announce that it has received all necessary corporate and regulatory approvals with respect to the above-mentioned transaction with Beaurox, and confirms that the transaction has closed.
The Beaurox Property is contiguous and strategic to the Corporation's northeastern boundary, and is located in the southwestern quarter of the Elmhirst Township. The Corporations' Sturgeon River property is located 25 kilometres east of the Town of Beardmore, Ontario.
About Laurion Mineral Exploration Inc.
The Corporation's focus is to make the transition from explorer to producer and envisages the realization of shareholder value and wealth through monetization of its discoveries and assets. Laurion's exploration horizons are focused primarily on gold with a secondary interest in base metals, with key interests in prospective mining properties located in Ontario, Canada and Nevada, USA.
Neither the TSX Venture Exchange (the "TSX-V") nor its Regulation Services Provider (as that term is defined in the policies of the TSX-V) accepts responsibility for the adequacy or accuracy of this news release.
This news release includes certain forward-looking statements concerning the future performance of Laurion's business, operations and condition, as well as management's objectives, strategies, beliefs and intentions. Forward-looking statements are frequently identified by such words as "may", "will", "plan", "expect", "anticipate", "estimate", "intend" and similar words referring to future events and results. Forward-looking statements are based on the current opinions and expectations of management. All forward-looking information is inherently uncertain and subject to a variety of assumptions, risks and uncertainties, including the speculative nature of mineral exploration and development, fluctuating commodity prices, competitive risks and the availability of financing. Actual events or results may differ materially from those projected in the forward-looking statements and Laurion cautions against placing undue reliance thereon. Laurion and its management assume no obligation to revise or update these forward looking statements except as required by law.
For further information:
Laurion Mineral Exploration Inc.
Cynthia Le Sueur-Aquin - President