LAURION Mineral Exploration Inc. announced that, further to its news releases dated December 13, 2023, January 5, 2024 and January 12, 2024, the Corporation's 2023 drilling campaign was successful in confirming the strike length of the Sturgeon River mineralized system over 1,600m at its Ishkoday project, located 220km Northeast of Thunder Bay, ON (the "Property"). The nine (9) drill holes from 2023 intercepted the seven (7) veins comprising the Sturgeon River mineralized system. The Sturgeon River mineralized system is composed of seven (7) distinct quartz veins and mineralized shear zones.

The drilling intercepts vary in true widths between 0.5m and 7.95m, with grades ranging from 0.1 g/t Au and 7.78 g/t Au. The drilling intercepted the No 3 vein, which was historically mined between 1936 and 1942 producing 73,438 ounces of Gold and 15,922 ounces of silver from 145,123 tonnes of ore, milled grading an average 0.51 ounces per ton gold (17.0 g/t) (Mackasey W.O. 1976 -Geology of Walters and Leduc Township, District of Thunder Bay, Ontario Div. Mines, GR149, 58p.).

This vein is part of a series of three (3) parallel veins striking roughly N020deg with a sub-vertical dip. A second vein system, consisting of 4 parallel sub-vertical veins strike roughly at N030deg was also intercepted during the drilling. Highlights from the 2023 drilling program include: Confirmation of the extension of the Sturgeon River Mine mineralization by 600 metres to the northeast, with grade intercepts as high as 29.45 g/t Au over 3.5 metres (along core), including 186.00 g/t Au over 0.55 metres (along core); and Confirmation of the extension of The Sturgeon River Mine mineralization by 320 metres to the southeast, with grade intercepts as higher as 3.088 g/t Au over 7.5 metres (along core) and including 9.0 g/t Au over 0.,65 metres (along core).