Laurion Mineral Exploration Inc. announces selection of two alliance targets



    Issued and Outstanding 32,445,776 Common Shares

    TORONTO, Aug. 7 /CNW/ - Laurion Mineral Exploration Inc. (TSXV: LAG)
("Laurion") is pleased to announce that is has received an Initial Acquisition
Notice on August 2, 2007 from Geoinformatics Exploration Canada Limited
("Geoinformatics") pursuant to Section 2.7 and 5.1(2) and (3) of the Strategic
Alliance Agreement dated March 27, 2007, as amended, (the "Agreement") between
Laurion, Geoinformatics and certain of Geoinformatics' affiliates. The
Agreement provides for a strategic alliance between Laurion and Geoinformatics
for the exploration of properties targeted by Geoinformatics in an area
consisting of the south-west portion of the Canadian Superior Craton, as
previously announced.
    The Initial Acquisition Notice provides Laurion with notice from
Geoinformatics of the acquisition of the initial portion of the mineral rights
for the First Alliance Target under the Agreement, named the "Nipigon
Embayment Area". As a result, pursuant to Section 5.1(2) of the Agreement, the
SNAG Project Access Fee (comprised of 1,000,000 units of Laurion issued at a
price per unit of $0.10, where one unit consists of one Laurion share and
one-half of one Laurion share purchase warrant, and where one whole of such
warrant is exercisable for a period of two years from its date of issue at an
exercise price of $0.10) is to be paid by Laurion to Geoinformatics within 15
business days of Laurion receiving the Initial Acquisition Notice.
    In addition, the Initial Acquisition Notice provides Laurion with notice
from Geoinformatics of the acquisition of the initial portion of the mineral
rights for an additional Alliance Target namely the "Cobalt Embayment Area".
As a result, pursuant to Section 5.1(3) of the Agreement, the SNAG Project
Fee, of 500,000 units each, is payable on both the Cobalt Embayment Area, as
well as the Nipigon Embayment Area, for an aggregate SNAG Project Fee of
1,000,000 Laurion units (where one unit consists of one Laurion share and
one-half of one Laurion share purchase warrant, and where one whole of such
warrant is exercisable for a period of two years from its date of issue at an
exercise price of $0.115 per share), and is to be paid by Laurion to
Geoinformatics within 5 business days of Laurion receiving the Initial
Acquisition Notice.

    Laurion is an early stage exploration specialist company with projects in
Timmins, Ontario. Laurion's exploration horizons encompass not only gold, but
also base metals and PGE's.

    This document may contain or refer to forward-looking information based
on current expectations. Forward looking statements are subject to significant
risks and uncertainties, and other factors that could cause actual results to
differ materially from expected results. These forward-looking statements are
made as of the date hereof and we assume no responsibility

    The TSX Venture Exchange has neither approved nor disapproved the
    information contained herein and does not accept responsibility for the
    adequacy or accuracy of this release.





For further information:

For further information: Cynthia Le Sueur-Aquin, President, Laurion
Mineral Exploration Inc., Tel: (705) 788-9186, Fax: (705) 788-9187, Website:
www.laurion.ca

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Laurion Mineral Exploration Inc.

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