Lounor hires investor relations person and approves Stock Option Plan

    Listing (TSXV = LO)

    ROUYN-NORANDA, QC, Feb. 1 /CNW Telbec/ - Lounor Exploration Inc.
announces that at the Annual Meeting held on September 28, 2007, the
shareholders approved the amendment to the Company's Stock Option Plan, to
increase the number of options than can be granted from 885,000 to 1,470,000.
    The Company has retained Mr. Leo Patry to provide investor relations
services to the Company. He will be paid a monthly fee of $5,000 plus
allowable disbursements and his contract is for a period of twelve months.
Additionally, he will receive 200,000 stock incentive stock options, at an
exercise price of $0.30 per share for a period of twelve months.

    Lounor Exploration Inc. is a public listed company trading on the TSX
    Venture Exchange, symbol (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: Gilles Fiset, president, 1-800-388-8668, (819)
797-8668, Fax: (819) 797-6050; Léo Patry, Investors Relations, (514) 951-0250

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Lounor Exploration Inc.

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