LAURION Mineral Exploration Inc. announced a significant milestone with the completion and filing on SEDAR+ of an independent technical report on the Ishkoday Property, located near Beardmore, 220 km northeast of Thunder Bay, Ontario, as prepared by SGS Geological Services ("SGS") in accordance with National Instrument 43-101 - Standards of Disclosure for Mineral Projects ("NI 43-101"). This marks a pivotal moment in LAURION's steadfast journey towards unlocking the potential of the Ishkoday Property and increasing shareholder value. The report is entitled "NI 43-101Technical Report of the Ishkoday Gold Project, Northern Ontario, Canada" and has an effective date of October 26, 2023.Authored by Mr. Maxime Dupere B. Sc., P. Geo of SGS, in accordance with NI 43-101, this Technical Report heralds Ishkoday as a 'Property of Merit,' solidifying LAURION's commitment to propel key prospective areas through robust exploration initiatives.

The Technical Report highlighted the potential of untapped mineral exploration within the Ishkoday Property, with the prospect of delineating additional grade and tonnage potential, and perhaps uncovering new Mineral Resources. With a vertical depth averaging 250 m, the existing drilling activities are considered shallow, as depth potential in all areas are still open. Although the resource estimate at the time was prepared and disclosed in compliance with all disclosure requirements for mineral resources or reserves set out in NI 43-101 (2011) and the classification of the resource as a Measured, Indicated and Inferred resource was consistent with CIM Definition Standards - For Mineral Resources and Mineral Reserves (2010), a qualified person has not completed sufficient work to classify the historical resource estimate as current mineral resources and LAURION is not treating the historical resource estimate as current Mineral resources.

Fibbs (1972) completed a report on the "ore reserves" remaining in the Sturgeon River Mine shaft. It was reported that there were 489,042 tonnes at an average of 9.60 g/t in 407,564 tonnes indicated by drilling and 81,479 tonnes of "pro probable ore" over a 2.78 m width. The "ore reserves" and "pro probable ore" for the Sturgeon Rive Mine shaft and the surface stockpiles have not been included in the Technical Report, as these are historical in nature, and a qualified person has not completed enough work to classify the historical estimate as current mineral resources or mineral reserves; and LAURION is not treated the historical estimate as current mineral Resources.

2024 Program and Budget. LAURION has developed an exciting 2024 exploration campaign, underpinned by a budget of CAD 2.88 million. This comprehensive endeavour encompasses a spectrum of activities, including continuous 3D modeling, prospecting, mapping, trenching, sampling, and a robust drilling program spanning approximately 6,500 m. Central to 2024 agenda is the relentless pursuit of in-fill drilling within the Sturgeon River Mineralization zone, with the aim of expanding the defined volume.